Former GM Executive to Lead Company's Efforts in China as Company
Pursues Joint Venture with Chinese Truck Maker JAC
SHANGHAI--(BUSINESS WIRE)--
At a media event at the 14th Shanghai International Automobile Industry
Exhibition (Auto Shanghai 2011), Navistar, Inc. today named Troy Clarke
to head the company's Asia Pacific Operations.
"We are proud to have Troy on our team and leading our efforts in
China," said Daniel C. Ustian, Navistar chairman, president and chief
executive officer. "Troy brings valuable industry leadership to this
important new role and his experience heading GM's Asia business will be
a great fit as we look to grow in China and throughout the Asia Pacific
region."
Clarke joined Navistar in January 2010 as senior vice president,
strategic initiatives, following a 35-year career at General Motors. The
56 year-old Clarke joined GM's Pontiac division in 1973 and held
numerous roles of increasing responsibility, including president and
managing director of GM's Mexico operation, vice president of
manufacturing and labor relations, and president of GM Asia Pacific.
Clarke holds a bachelor's degree in mechanical engineering from General
Motors Institute, as well as an M.B.A. from the University of Michigan.
Last September, Navistar signed joint venture agreements with Anhui
Jianghuai Automobile Co. Ltd. (JAC) to develop, build and market
advanced diesel commercial engines and advanced commercial vehicles in
China.
"I'm proud and humbled to be leading our efforts in Asia as our joint
ventures with JAC represent a significant step in Navistar's global
growth," said Clarke. "Navistar recognizes the importance of the Chinese
market. The similarities between our two nations and infrastructure
growth patterns combined with our heritage of innovation best position
us to help lower logistics costs and further China's economic
development goals. This venture with a strong partner such as JAC
enables us to understand the market quickly as we grow our business in
the Asia Pacific region."
Formation of the joint ventures is subject to finalization of certain
procedural steps and the finalization of certain ancillary commercial
agreements among the parties.
About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company
whose subsidiaries and affiliates produce International®
brand commercial and military trucks, MaxxForce® brand diesel
engines, IC Bus™ brand school and commercial buses, Monaco®
RV brands of recreational vehicles, and Workhorse® brand
chassis for motor homes and step vans. The company also provides truck
and diesel engine service parts. Another affiliate offers financing
services. Additional information is available at www.Navistar.com/newsroom.
Navistar International Corporation
Media contact: Steve Schrier,
630-753-2264
Investor contact: Heather Kos, 630-753-2406
Web
site: www.navistar.com
Source: Navistar International Corporation
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