Navistar board appoints Ninivaggi as new director


Icahn Automotive boss replaces Merksamer, who resigned earlier this year

 

Daniel Ninivaggi has replaced Samuel Merksamer on the board of directors of Navistar International, effective August 14.

Ninivaggi is the current CEO of Icahn Automotive Group.

In the past, he has held senior executive positions at many public and private companies including, Federal-Mogul Holdings Corporation, Tropicana Entertainment and Lear Corporation.

Ninivaggi has been appointed as a director in Navistar's audit and compensation committees.

"We welcome Daniel to the board, and we look forward to his expertise and insights as we continue to execute on our plan to drive long-term profitability and deliver shareholder value," Navistar chairman and CEO Troy Clarke says.

"I also want to thank Sam for his many years of distinguished service to our company, and wish him well in his future endeavors."

Merksamer resigned from the board earlier this year, more than four years after joining Navistar.

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