MUNICH, Aug. 25, 2021 /PRNewswire/ -- The Navistar
Board of Directors has appointed Mathias Carlbaum (48) as the new
Chief Executive Officer (CEO) and President of Navistar
International Corporation effective September 1, 2021. He will succeed Persio Lisboa (55), who has held this position
since July 2020.
In his 35 year-long tenure with the company and particularly in
his recent roles as COO and CEO, Persio
Lisboa was instrumental in returning Navistar to
profitability and launching and executing a solid strategy called
Navistar 4.0. After a short transition phase, Lisboa will
retire.
Until the end of March 2021,
Mathias Carlbaum was Executive Vice President Commercial Operations
at Scania CV AB. After a long management career at Scania, he has
extensive experience in sales and international markets. Since
April 2021, he has been leading the
post-merger management of Navistar on behalf of the TRATON
GROUP.
TRATON SE's CEO and member of Navistar's Board of Directors
Matthias Gründler: "Mathias Carlbaum
is an internationally experienced Manager with the right skills and
mindset to lead Navistar into this new era as part of TRATON GROUP.
I am welcoming Mathias in his new responsibility. A great thanks
goes to Persio Lisboa for his great
support before, during and after the merger."
To reflect the existing corporate governance of other TRATON
GROUP companies, Navistar's Board of Directors appointed an
Executive Board, effective September 1,
2021, which, alongside CEO Carlbaum, will be made up of five
other members: Walter G. Borst
continues to be Chief Financial Officer until he transitions his
role to Do Young Kim on January 1,
2022. It is intended that Walter G.
Borst will continue to serve as a member of Navistar's Board
of Directors thereafter. In his current function, Do Young Kim had
been the project lead for TRATON's IPO and the merger with
Navistar. Michael Grahe, formerly
CTO of the TRATON GROUP, will head Operations, which covers the
areas of product development and procurement. Current President of
Operations, Phil Christman, will
remain at Navistar until March 2022
to oversee Mexico and Brazil, as well as transition related tasks
and continue reporting to the CEO. Donna G.
Dorsey will retain responsibility for People & Culture;
Friedrich W. Baumann remains
responsible for Sales, Marketing & Aftersales. Mark Hernandez will be also appointed to the
Executive Board, remaining responsible for Manufacturing.
Since September 2016, TRATON and
Navistar have benefited from a strategic alliance that has
generated significant added value for both companies due to higher
purchasing power and the integration of new technologies. At the
start of 2020, TRATON submitted an initial offer to acquire all of
the ordinary shares in Navistar. A binding merger agreement was
signed in November 2020. The merger
was closed on July 1, 2021.
With its brands Scania, MAN,
Volkswagen Caminhões e Ônibus, Navistar, and RIO,
TRATON SE is one of the world's leading commercial vehicle
manufacturers. Its range includes light-duty commercial vehicles,
trucks, and buses. The Group aims to reinvent transportation — with
its products, its services, and as a partner to its customers. For
TRATON, sustainable economic growth always includes treating people
and nature with respect. The People, Planet, and Performance triad
will shape the future of our Company.
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SOURCE Navistar International Corporation
