Navistar has announced the appointment of a new Chief Executive Officer.
The Board of Directors named Mathias Carlbaum as CEO and President of Navistar International Corporation, effective September 1, 2021.
He will succeed Persio Lisboa, who has held this position since July 2020.
In a recent statement Navistar said Persio Lisboa was instrumental in returning the company to profitability and launching and executing a solid strategy called Navistar 4.0.
After a short transition phase, Lisboa will retire, bringing his tenure of 35 years at the company, where he held key roles as Chief Operating Officer and CEO to a close.
Up until last March 2021, Mathias Carlbaum was Executive Vice President Commercial Operations at Scania CV AB.
He has developed extensive experience in sales and international markets during his long management career at Scania.
Since April 2021, he has been leading the post-merger management of Navistar on behalf of the TRATON GROUP.
At the start of 2020, TRATON submitted an initial offer to acquire all of the ordinary shares in Navistar. A binding merger agreement was signed in November 2020. The merger was closed on July 1, 2021.
“Mathias Carlbaum is an internationally experienced Manager with the right skills and mindset to lead Navistar into this new era as part of TRATON GROUP,” said Matthias Gründler, TRATON SE CEO.
“I am welcoming Mathias in his new responsibility. A great thanks goes to Persio Lisboa for his great support before, during and after the merger.”
To reflect the existing corporate governance of other TRATON GROUP companies, Navistar’s Board of Directors appointed an Executive Board, effective 1 September, 2021, which, alongside CEO Carlbaum, will be made up of five other members: Walter G. Borst continues to be Chief Financial Officer until he transitions his role to Do Young Kim on January 1, 2022.
It is intended that Walter G. Borst will continue to serve as a member of Navistar’s Board of Directors thereafter.
In his current function, Do Young Kim had been the project lead for TRATON’s IPO and the merger with Navistar.
Michael Grahe, formerly CTO of the TRATON GROUP, will head Operations, which covers the areas of product development and procurement.
Current President of Operations, Phil Christman, will remain at Navistar until March 2022 to oversee Mexico and Brazil, as well as transition related tasks and continue reporting to the CEO.
Since September 2016, TRATON and Navistar have benefited from a strategic alliance that has generated significant added value for both companies due to higher purchasing power and the integration of new technologies.
With its brands Scania, MAN, Volkswagen Caminhões e Ônibus, Navistar, and RIO, TRATON SE is one of the world’s leading commercial vehicle manufacturers.
Its range includes light-duty commercial vehicles, trucks, and buses. The Group aims to reinvent transportation — with its products, its services, and as a partner to its customers.