Navistar International Corporation announced that James Keyes and Michael Hammes will be retiring from the company's Board of Directors.
"On behalf of the Board, I would like to thank Jim and Mike for their contributions and service to Navistar during their time served on the Board of Directors," said Troy Clarke, President and Chief Executive Officer, Navistar. "They both played a critical role over the last few years in supporting the leadership team as we successfully worked through our turnaround."
Keyes and Hammes will leave the Board at the completion of the share issuance to Volkswagen Truck & Bus or at Navistar's 2017 Annual Meeting of Stockholders, whichever comes first.
Keyes has served as non-executive Chairman of Navistar International Corporation since April 2013 and has been a member of the Board since December 2002.
Keyes was hired as chairman of the board of Johnson Controls, Inc., an automotive system and facility management and control company, in 2003, a position he had held since 1993. He served as tbe chief executive officer of Johnson Controls, Inc. from 1988 until 2002. He is a director of Pitney Bowes, Inc. and is a member of the board of trustees of Fidelity Mutual Funds. He was also a director of LSI Logic Corporation, an electronics company that designs semiconductors and software that accelerate storage and networking in datacenters and mobile networks, from 1983 until 2008. Keyes earned a B.S. degree in business administration from Marquette University.
Hammes has served on the Board since February 1996 and served as lead director of the company from December 2007 to April 2013.
Originally posted on Trucking Info