Navistar Announces CFO Departure

LISLE, Ill., June 24, 2013 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced that Andrew J. (A. J.) Cederoth, the company's executive vice president and chief financial officer (CFO), will be leaving Navistar at the end of the month as part of a planned transition to a new CFO. Cederoth, 48, has served as the company's CFO since September 2009.

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James M. Moran, Navistar senior vice president and treasurer, will oversee the company's financial operations and functions on an interim basis, while the company finalizes its appointment of a new CFO from outside the company.

"I want to thank A. J. for his many contributions during his 23 years at Navistar, particularly the leadership he displayed this past year in helping to create, implement and drive significant progress in our turnaround plan," said Troy A. Clarke, Navistar's president and CEO. "I also appreciate the support A. J. provided during this CFO transition process. He has had a distinguished career at Navistar and we wish him well in his future endeavors."

ABOUT INTERNATIONAL

Based in Lisle, Illinois, International Motors, LLC* creates solutions that deliver greater uptime and productivity to our customers throughout the full operation of our commercial vehicles. We build International® trucks and engines and IC Bus® school and commercial buses that are as tough and as smart as the people who drive them. We also develop Fleetrite®aftermarket parts. In everything we do, our vision is to accelerate the impact of sustainable mobility to create the cleaner, safer world we all deserve. As of 2021, we joined Scania, MAN and Volkswagen Truck & Bus in TRATON GROUP, a global champion of the truck and transport services industry. To learn more, visit www.International.com.

Media contact:
Nick Smith
nick.smith@navistar.com
480-398-6511

Investor contact: 
Marvin Kalberlah
marvin.kalberlah@navistar.com
630-432-5179

 

*International Motors, LLC is d/b/a International Motors USA LLC in Illinois, Missouri, New Jersey, Ohio, Texas, and Utah.