SHANGHAI – (April 20, 2011) – At a media event at the 14th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2011), Navistar, Inc. today named Troy Clarke to head the company’s Asia Pacific Operations.
“We are proud to have Troy on our team and leading our efforts in China,” said Daniel C. Ustian, Navistar chairman, president and chief executive officer. “Troy brings valuable industry leadership to this important new role and his experience heading GM’s Asia business will be a great fit as we look to grow in China and throughout the Asia Pacific region.”
Clarke joined Navistar in January 2010 as senior vice president, strategic initiatives, following a 35-year career at General Motors. The 56 year-old Clarke joined GM’s Pontiac division in 1973 and held numerous roles of increasing responsibility, including president and managing director of GM’s Mexico operation, vice president of manufacturing and labor relations, and president of GM Asia Pacific. Clarke holds a bachelor’s degree in mechanical engineering from General Motors Institute, as well as an M.B.A. from the University of Michigan.
Last September, Navistar signed joint venture agreements with Anhui Jianghuai Automobile Co. Ltd. (JAC) to develop, build and market advanced diesel commercial engines and advanced commercial vehicles in China.
“I’m proud and humbled to be leading our efforts in Asia as our joint ventures with JAC represent a significant step in Navistar’s global growth,” said Clarke. “Navistar recognizes the importance of the Chinese market. The similarities between our two nations and infrastructure growth patterns combined with our heritage of innovation best position us to help lower logistics costs and further China’s economic development goals. This venture with a strong partner such as JAC enables us to understand the market quickly as we grow our business in the Asia Pacific region.”
Formation of the joint ventures is subject to finalization of certain procedural steps and the finalization of certain ancillary commercial agreements among the parties.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.
Media contact: Steve Schrier, 630-753-2264 Investor contact: Heather Kos, 630-753-2406
Media contact: Steve Schrier, 630-753-2264
Investor contact: Heather Kos, 630-753-2406