Navistar International Corporation NAV today announced John C. (Jack) Pope, Chairman of PFI Group, LLC, a financial management firm, has been appointed to the company's Board of Directors. He replaces David D. Harrison, who elected to retire after serving five years as a board member.
Pope's appointment to the board and Harrison's retirement are effective immediately, maintaining the total number of Navistar board members at 10, nine of whom are independent. Pope will stand for election at the company's 2013 Annual Meeting of Shareholders.
"Jack Pope is a well-respected, deeply experienced business leader, who will provide our board and management team with new insights and perspectives as we continue to implement our strategy and the necessary actions to turn the company's performance around and drive long-term profitability and shareholder value," said Lewis Campbell, Navistar's chairman and chief executive officer. "I also want to thank David Harrison for his many contributions and five years of dedicated service to Navistar."
Mr. Pope's appointment to the Board is in addition to the recently announced appointments of Vincent J. Intrieri, Mark H. Rachesky and a third director to be designated and mutually agreed upon by Icahn Partners and MHR Fund Management.
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