USA - Lisle-based Navistar International Corporation has appointed Persio V. Lisboa president and chief executive officer from July 1, 2020. Troy A. Clarke, who has held the roles of Navistar president, chief executive officer and member of the board of directors since April 2013 and chairman of the board of directors since February 2017, will continue to serve the company in a newly created position of executive chairman.

"Now is an ideal time for Persio to become Navistar's next chief executive officer," said Clarke. "I have enjoyed the opportunity to lead Navistar for the last seven years, but it's now my intention to move toward retirement. 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 capitalise on the opportunities ahead. He is a champion of our Navistar 4.0 strategy and has an ability to inspire, motivate and connect with employees, partners, customers and industry leaders. Persio's performance history is exactly what's required by Navistar as we transition into our next chapter, one I'm confident will be even more transformational and exciting than our last."