Changing of the guard at Navistar

Dec 13, 2002 12:00 PM

Daniel C. Ustian has been elected CEO of Navistar International Corp., effective February 19. Ustain, the company's president and COO, will succeed John R. Horne, who will continue to serve as chairman of the board.

"I have worked with Dan for many years, and he is absolutely the right person to lead us into the future," Horne said. "His track record convinces me that he will make the most of the company's many opportunities."

Ustian joined the company in 1973 and has served in a number of manufacturing and financial positions in its agricultural, truck and engine groups. At International Truck and Engine Corp., Navistar's operating company, Ustian was elected group vp & gm of the engine group in November 1990, president of the engine group in July 1999 and president & COO this past April.

"Ustian has distinguished himself as a capable leader throughout his career with the company," said Jerry Dempsey, chairman of the board's compensation and governance committee. "Navistar's board of directors has every confidence that Dan is the right person to build on the transformation the company has established during the past eight years."

Horne joined Navistar International in 1966 as an engineer and became president in 1990 and CEO in 1995.