Navistar CEO Clarke stepping down, will become executive chairman

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Persio Lisboa joined Navistar in 1988 and has moved through the company’s ranks, serving as executive vice president and chief operating officer since March 2017.Persio Lisboa joined Navistar in 1988 and has moved through the company’s ranks, serving as executive vice president and chief operating officer since March 2017.

Navistar on Friday announced that Persio Lisboa has been appointed president and chief executive officer, replacing Troy 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.

Clarke will continue with the company in the newly created position of executive chairman. These changes are effective July 1.

Lisboa joined Navistar in 1988 and has moved through the company’s ranks, serving as executive vice president and chief operating officer since March 2017. Prior to that, he served in several positions in the United States and South America, including president of operations and chief procurement officer. Lisboa has a Bachelor of Science degree in business administration with a marketing specialization from Pontificia Universidade Catolica University in São Paulo, Brazil.

“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.”

In Clarke’s new role of executive chairman, he will dedicate his time to ensure a smooth leadership transition and continue to manage the discussions with Traton, including its current proposal, received January 30, 2020, to acquire Navistar at an offer of $35 per share. As president and chief executive officer, Clarke spearheaded Navistar’s return to profitability and led the charge on the refresh of International’s vehicle lineup.