Navistar CEO steps down

Posted on Aug 27, 2012 in Business | 0 comments

U.S. truck and bus maker Navistar International Corp. said Monday Chief Executive Officer Daniel Ustian is retiring, effective immediately.

The company’s board appointed Lewis Campbell, former chairman, president and CEO of Textron Inc. to serve as Navistar’s executive chairman of the board and interim CEO.

Campbell is currently on the board of directors at Bristol-Myers Squibb, Sensata Technologies Holding N.V. And Noblis Inc., a not-for-profit science, technology and strategy organization.

After 37 years with the company, Ustian is also quitting the company’s board of directors, the company said.

The changes include a promotion for Troy Clarke, currently president of truck and engine operations. He will serve as president and chief operating officer for the company.

Copyright 2012 by United Press International