Warrenville, Illinois - October 23, 2006
Bill Caton, executive vice president and chief financial officer of Navistar International Corporation (NYSE: NAV) will be appointed to the company's board of directors effective with Robert C. Lannert's retirement, it was announced today.
Lannert had served as the company's chief financial officer until he stepped down in September to focus his efforts on future strategic initiatives for the company.
When Caton joined Navistar in October 2005, as executive vice president, finance, it was announced that the company's board of directors planned to elect him chief financial officer of Navistar upon the filing of the company's 2005 10-K. Since the 2005 filing has been delayed, the board elected him chief financial officer in September.
Navistar International Corporation (NYSE: NAV) is the parent company of International Truck and Engine Corporation. The company produces International® brand commercial trucks, MaxxForce brand diesel engines and IC brand school buses, Workhorse brand chassis for motor homes and step vans, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. Navistar is also a provider of truck and diesel engine parts and service sold under the International® brand. A wholly owned subsidiary offers financing services. Additional information is available at: www.nav-international.com.