Daniel Ustian retires as Navistar CEO
Navistar International Corporation today announced that the Board of Directors has appointed Lewis B. Campbell, former chairman, president, and chief executive officer of Textron Inc., executive chairman of the Board of Directors and interim chief executive officer. Daniel C. Ustian has informed the Board that he is retiring as chairman, president, and chief executive officer, effective immediately. He is concurrently leaving the Board of Directors.
The company also announced that it has promoted Troy A. 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,” said Michael N. Hammes, Navistar’s independent lead director. “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.”