March 7, 2013
Navistar International Corp. Thursday announced the promotion of Troy Clarke to president and chief executive officer, effective April 15. Clarke, who was serving as president and chief operating officer, will also serve on Navistar’s board.
Lewis Campbell, who has served as executive chairman and interim CEO since August, will step down from those positions and from the board.
James Keyes, who has served as a board member since 2002, will become non-executive chairman, also effective April 15.
“We believe that separating the chairman and CEO roles at this time will enable Troy to focus exclusively on continuing to successfully execute the company’s turnaround plan,” Keyes said.
Campbell said the company’s progress over the last six months includes “our three near-term priorities: improving quality, meeting each of our clean engine launch milestones, and delivering on our 2013 operating plan,” Campbell said. “Our turnaround is firmly underway and our return to profitability is clearly in sight.”
Keys said Clarke, in his recent position, “has been instrumental in implementing Navistar’s Drive to Deliver plan focused on clear accountability and functional excellence; driving the company’s transition to its clean engine strategy; and taking aggressive actions to improve Navistar’s cost structure.”
Clarke said he and Keyes “have implemented a number of important actions to set Navistar on the right path, and the company now has a strong platform to build upon.”
Prior to serving as president and COO of Navistar, Clarke, 57, served as president of Navistar Asia Pacific. He joined Navistar in 2010 after a 35-year career at General Motors.
Keyes, 72, retired 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 chief executive officer of Johnson Controls from 1988 until 2002.
Prior to joining Navistar, Campbell, 66, served as chairman of the board and CEO of Textron Inc., a multi-industry company operating a global network of aircraft, defense and intelligence, industrial and finance businesses.