Navistar International Corp.
Navistar International Corp. said Thursday that its first-quarter loss declined from a year ago, and it named Troy Clarke its new CEO, replacing Lewis Campbell, who is stepping down.
Clarke, the company’s chief operating officer, will assume the CEO position on April 15, the truck and engine maker said in a statement.
James Keyes, a member of Navistar’s board since 2002, will become the company’s chairman, a position Campbell also holds.
Campbell, who became chairman and CEO in August, will step down from Navistar’s board, the company said.
For its fiscal first quarter ended Jan. 31, Navistar lost $123 million, or $1.53 per share, compared with loss of $153 million, or $2.19, in the same period a year ago. Sales fell to $2.6 billion from $3 billion.