Navistar updates board of directors

Lucas Deal

August 17, 2017

Daniel A. Ninivaggi has been named to Navistar International Corporation’s board of directors, effective Aug. 14, the company announced Wednesday.

Ninivaggi, 53, replaces Samuel J. Merksamer, who resigned from the board after more than four years.

Throughout his career, Ninivaggi has been a director of numerous public and private companies. Currently, he is chief executive officer of Icahn Automotive Group, LLC, and managing director, Icahn Enterprises L.P.’s Automotive Segment. He previously served as co-chief executive officer and co-chairman of the board of directors of Federal-Mogul Holdings Corporation, and as chief executive officer of Federal-Mogul Motorparts, based in Southfield, Mich., from February 2014 to March 2017. Ninivaggi also previously served as CEO and president of Icahn Enterprises L.P. from 2010 until 2014.

Navistar says Ninivaggi has been appointed to the board’s audit and compensation committees.

“We welcome Daniel to the board, and we look forward to his expertise and insights as we continue to execute on our plan to drive long-term profitability and deliver shareholder value,” says Troy A. Clarke, Navistar chairman, president and chief executive officer. “I also want to thank Sam for his many years of distinguished service to our company, and wish him well in his future endeavors.”

Merksamer joined Navistar’s board of directors in December 2012, when he was serving as a managing director at Icahn Capital LP. He worked at Icahn Capital from 2008 to 2016.

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