Navistar appoints new CEO

Laura Cross - 29 August 2012

In a statement made by Navistar International on 27. August 2012, the Illinois-based truck manufacturer announced that CEO Dan Ustian had retired with immediate effect.

Lewis Campbell, formerly chief executive at Textron, will act as Chairman and CEO on an interim basis. In addition, Troy Clarke has been announced as President and Chief Operating Officer having been internally promoted from President of Truck and Engine operations. Campbell will be responsible for large-scale strategy and financial initiatives while Clarke will focus on day-to-day operations. In the statement, Campbell acknowledged that he may be CEO on only a transitory basis, with the company looking to "conduct a search for a long-term CEO, which will include internal and external candidates" at an appropriate time.

Navistar recently reversed its strategy on diesel emissions reduction. It had confidently pursued an alternative to the use of Selective Catalytic Reduction (SCR) technology under the leadership of Ustian. However, its use of Exhaust Gas Recirculation technology ultimately failed to meet the Environmental Protection Agency's 2010 standards without emissions credits or Noncompliance Penalties and Navistar announced this month that it would use SCR-equipped engines from Cummins starting in 2013.

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