Navistar International Corp. (NYSE: NAV) named Persio Lisboa on Friday as its next CEO and president effective July 1.
Lisboa, 54, currently executive vice president and chief operating officer, succeeds Troy Clarke, who will remain at Navistar in the newly created role of Executive Chairman.
Navistar had extended Clarke’s term as CEO three times, in part because of an unsolicited takeover offer by TRATON Group, the German truck holding company of Volkswagen AG. TRATON made a $2.9 billion bid on...
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