July 26, 1999

Dennis Webb Named Head of Navistar's Heavy Vehicle Center

CHICAGO, July 26 -- Navistar International Corporation (NYSE: NAV), producer of International® brand trucks, buses and engines, today announced that Dennis Webb has been named group vice president and general manager of its heavy vehicle center. Webb, 52, succeeds Steve Keate, who recently was named president of Navistar's Truck Group.

"We knew we needed a strong leader to continue to drive and build on our heavy vehicle business turnaround strategies in order to better focus on our customers, deliver competitive products and improve profitability," Keate said. "We turned to Dennis Webb, who has a proven track-record with 30 years of broad-based experience with the company and recently led the successful launch of operations in Mexico and Brazil." Under Webb's leadership as president of Navistar International Overseas Corporation, the company built and opened a new truck assembly plant on time and on budget in Mexico and captured 21 percent of the market within its first three years of operation.

Prior to that, Webb demonstrated strong leadership and an in-depth understanding of the trucking business through his positions in operations, financial management, and product and business planning. He had held a range of positions at the company, including senior vice president, product and business planning; general manager, used truck operations; and assistant corporate controller.

"We're now in a strong position to deliver on the heavy truck turnaround strategies and drive the business to the next level," Webb said. "We're already improving our competitiveness through a new labor contract at our Chatham heavy truck assembly plant and by ramping up operations at Escobedo, Nuevo Leon, Mexico to increase our heavy truck capacity. Additionally, our aligned focus and support of the International brand will ensure we are leading the market by anticipating customers' future needs and priorities and delivering on them in all that we do."

Upon graduation from University of Dayton, where Webb earned a bachelor of science in accounting/finance, he joined the company's former truck assembly plant in Fort Wayne, Ind. Webb also earned a master's in business administration from St. Francis University in Indiana.

Navistar International Corporation, with world headquarters in Chicago, is a leading North American producer of heavy and medium trucks and school buses and a worldwide leader in the manufacture of mid-range diesel engines produced in a range of 160 to 300 horsepower for the International brand. The company is also a private label designer and manufacturer of diesel engines for the full-size pickup truck and van markets. Sales in fiscal 1998 totaled $7.9 billion.

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