March 13, 2014
Michael Sirignano, Principal at MHR Fund Management LLC, was elected to Navistar International Corporation’s board of directors at the company’s annual shareholder’s meeting on March 10.
The election of Sirignano increases the number of Navistar board members to 10.
“Michael has extensive experience in our industry and is deeply familiar with our company,” says Troy A. Clarke, Navistar President and Chief Executive Officer.
Sirignano has served as Principal at MHR Fund Management LLC since 2012, where he is responsible for sourcing and managing portfolio company investments. From 2006-2011, Sirignano was at Owl Creek Asset Management, L.P., a value-oriented investment firm, where he was focused on equities and distressed debt in the industrial, housing, metals and mining, telecommunications and technology sectors. He began his career as an analyst with Rothschild, a global financial advisory group. Sirignano holds a B.A. in Economics, with honors, from Williams College.sets board
Shareholders at the meeting also re-elected eight incumbent directors for a one-year term. They are:
Dennis Williams, a director since 2006, and the UAW’s Secretary, Treasurer and Director, Agricultural Implement and Transnational Departments, is not elected by shareholders. Per a 1993 agreement with the UAW, that director’s seat is filled by a person appointed by the UAW.
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