Volkswagen AG-owned Traton Group replaced Persio Lisboa as CEO of recently acquired Navistar International Corp. on Wednesday, part of an executive shuffling that retains about half of senior leadership.
Traton closed its $3.7 billion acquisition of Navistar, the No. 4 U.S. truck maker, on July 1. The Navistar board of directors appointed Mathias Carlbaum, 48, as CEO and president effective Sept. 1. After a transition, Lisboa, 55, will retire after a 35-year career at Navistar including 14...
https://www.freightwaves.com/news/traton-shakes-up-navistar-c-suite-ousting-ceo-lisboa