Navistar International has announced that long time chief executive officer Troy Clarke will stand down this week and hand over the running of the corporation Persio Lisboa, who will become president and chief executive officer effective from 1 July.
Clarke has held the role since April 2013, and been chairman since February 2018, will move to the newly created role of executive chairman.
The move may be the signal that Traton’s bid to buy the remaining shareholding in Navisar could be close to being finalised.
“I have enjoyed the opportunity to lead Navistar for the last seven years, but it’s now my intention to move toward retirement,” Clarke said.
“Persio is a strong leader with a proven record of driving results. He understands our industry, knows our business segments and will position the company to capitalize on the opportunities ahead.”
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