Navistar Names New Chief Executive Officer and President
Lisle, IL – One of the world’s top heavy duty truck manufacturers is under new leadership.
Mathias Carlbaum was appointed by the Navistar International Corporation Board of Directors as the new Chief Executive Officer (CEO) and President, the company announced in a release.
Carlbaum will succeed Persio Lisboa, who has held the position since July 2020.
Navistar stated Lisboa, who is 55 years old, will retire following “a short transition phase.”
The 48-year-old Carlbaum held the position of Executive Vice President of Commercial Operations at Scania CV AB until the end of March 2021, Navistar said.
Since April of this year, he has been leading the post-merger management of Navistar on behalf of the Munich, Germany-based TRATON GROUP.
TRATON officially acquired Navistar in July of this year for approximately $3.7 billion (USD) following a binding merger agreement that was signed in November 2020.
“[Carlbaum] is an internationally experienced manager with the right skills and mindset to lead Navistar into this new era as part of [TRATON],” TRATON CEO and member of Navistar’s Board of Directors Matthias Gründler stated. “I am welcoming [Carlbaum] in his new responsibility. A great thanks goes to [Lisboa] for his great support before, during and after the merger.”
Also going into effect on Tuesday at Navistar is a new Executive Board, which was also appointed by the company’s Board of Directors.
According to a release, the Executive Board will consist of CEO Carlbaum alongside Walter Borst (current Chief Financial Officer), Michael Grahe, Phil Christman, Donna Dorsey, Friedrich Baumann, and Mark Hernandez.