LISLE, IL – Navistar International Corporation announced that Daniel Ustian has informed the Board that he is retiring as chairman, president, and chief executive officer, effective immediately, and is concurrently leaving the Board of Directors. In the wake of Ustian’s retirement, Navistar’s Board of Directors appointed Lewis Campbell, former chairman, president, and chief executive officer of Textron Inc., executive chairman of the Board of Directors and interim chief executive officer. The Company also announced that it has promoted Troy Clarke, currently president of truck and engine operations at Navistar, to the position of president and chief operating officer of Navistar.
"We appreciate Dan's many contributions and accomplishments during his 37-year career at Navistar. Under his leadership, Navistar's revenue grew from approximately $7.7 billion to approximately $14 billion as the company significantly expanded its global reach and diversified its product portfolio, including the addition of Navistar's military business. We thank Dan for his dedicated service and wish him all the best in the future," said Michael Hammes, Navistar's independent Lead Director.
Lewis Campbell, 66, served as Chairman of Textron Inc., a $12 billion publicly traded industrial company, from 1999 to 2010, Chief Executive Officer from 1998 to 2009 and President for most of the period from 1994 to 2009. Under Campbell's leadership Textron successfully underwent a significant transformation to increase efficiency of operations, consolidate manufacturing facilities, outsource non-core operations and increase new product development. Campbell initially joined Textron as Chief Operating Officer in 1992. Prior to joining Textron, Campbell spent 24 years at General Motors Co., where he served in a variety of roles including Vice President and General Manager, Flint Automotive Division for Buick/Oldsmobile/Cadillac, as well as Vice President and General Manager, GMC Truck. Campbell holds a B.S. in mechanical engineering from Duke University.
Campbell currently serves on the Board of Directors of Bristol-Myers Squibb Company, where he has been Lead Independent Director since 2008. He is also a member of the Board of Directors of Sensata Technologies Holding N.V. and the Board of Trustees of Noblis, Inc., a not-for-profit science, technology and strategy organization.
Prior to his appointment as president of truck and engine operations at Navistar, Clarke, 57, served as President of the company's Asia Pacific operations. Clarke joined Navistar in January 2010 as senior vice president, Strategic Initiatives. Previously, Clarke spent more than 35 years with General Motors Co. where he served in a variety of roles, including president of General Motors North America, president and managing director of GM's Mexico operation, vice president of Manufacturing and Labor Relations, and president of GM Asia Pacific.
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