FILE - In this Aug. 9, 2011 file photo, Dan Ustian, chairman, president and CEO of Lisle, Ill.-based Navistar International Corp., speaks with reporters outside the White House in Washington. Navistar on Monday, Aug. 27, 2012, said Ustian informed the board that he is immediately retiring from his roles as chairman, president and chief executive, as well as leaving the company's board. He had been with the company for 37 years. The company named Lewis Campbell, the former chairman, president and CEO of Textron Inc., as its executive chairman and interim CEO. (AP Photo/J. Scott Applewhite, File)
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FILE - In this Aug. 9, 2011 file photo, Dan Ustian, chairman, president and CEO of Lisle, Ill.-based Navistar International Corp., speaks with reporters outside the White House in Washington. Navistar on Monday, Aug. 27, 2012, said Ustian informed the board that he is immediately retiring from his roles as chairman, president and chief executive, as well as leaving the company's board. He had been with the company for 37 years. The company named Lewis Campbell, the former chairman, president and CEO of Textron Inc., as its executive chairman and interim CEO. (AP Photo/J. Scott Applewhite, File)
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The redesigned 2014 Toyota Tundra is eunveiled at the Chicago Auto Show Thursday, Feb. 7, 2013, in Chicago. (AP Photo/Charles Rex Arbogast)
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The redesigned 2014 Toyota Tundra is unveiled at the Chicago Auto Show Thursday, Feb. 7, 2013, in Chicago. (AP Photo/Charles Rex Arbogast)
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Bill Fey, Group Vice President and General Manager, Toyota Division Toyota Motor Sales, U.S.A., Inc., unveils the 2014 Toyota Tundra at the Chicago Auto Show Thursday, Feb. 7, 2013, in Chicago. (AP Photo/Charles Rex Arbogast)
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The redesigned 2014 Toyota Tundra is photographed behind a projection screen during its unveiling at the Chicago Auto Show Thursday, Feb. 7, 2013, in Chicago. (AP Photo/Charles Rex Arbogast)
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The interior of the redesigned 2014 Toyota Tundra is unveiled at the Chicago Auto Show Thursday, Feb. 7, 2013, in Chicago. (AP Photo/Charles Rex Arbogast)
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A National Transportation Safety Board official climbs into the bus after a news conference Tuesday, Feb. 5, 2013, at Certified Towing in Ontario, Calif. The NTSB gave an update on the investigation of Sunday's tour bus crash near Yucaipa that killed seven people. (AP Photo/The Inland Valley Daily Bulletin, Jennifer Cappuccio Maher)
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Authorities work Monday Feb. 4, 2013, at the scene of Sunday's fatal tour bus crash on Highway 38 north of Yucaipa, Calif., that left at least eight people dead and dozens injured. The cause of the Sunday crash east of Los Angeles remained under investigation. (AP Photo/The Sun, Rick Sforza)
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Skid marks from the weekend's fatal bus cash remain on the pavement as morning commuters drive along Highway 38 for the first time since the road was reopened, Tuesday, Feb. 5, 2013 in Yucaipa, Calif. The crash involved two other vehicles and left seven people dead and more than 30 people injured. The tour bus originated from Tijuana and was driving down from Big Bear Lake. (AP Photo/The Sun, Gabriel Luis Acosta) MANDATORY CREDIT
News Summary: Navistar promotes Clarke to CEO
LISLE, Ill. (
AP) — NEW LEADER: Truck and engine maker Navistar on Thursday promoted its president and chief operating officer,
Troy Clarke, to CEO. He replaces interim CEO
Lewis Campbell.
STILL LOSING MONEY: The company also announced another quarterly loss and a 12 percent drop in revenue.
LOOKING AHEAD: Campbell predicted that Navistar will begin to pick up market share in the second half of the year as it launches new engine models.
Tags:
troy clarke, new leader, news summary, liquid, chief operating officer, illinois, interest rate, percent drop, market share, business, pickup truck, barack obama, truck, positions of authority, quarterly loss, navistar international, navistar, ceo lewis campbell, new engine models, engine maker navistar
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