Bill Caton To Be Appointed to Navistar Board of Directors.WARRENVILLE, Ill. -- Bill Caton, executive vice president and chief financial officer of Navistar International Navistar International Corporation (Pink Sheets: NAVZ) (formerly International Harvester Company) is a manufacturer of International brand commercial trucks, MaxxForce brand diesel engines, IC Corporation brand school buses, Workhorse brand chassis for motor homes and step vans, Corporation (NYSE NYSE See: New York Stock Exchange : NAV See navigation system and navigation bar. ) will be appointed to the company's board of directors effective with Robert C. Lannert's retirement, it was announced today. Lannert had served as the company's chief financial officer until he stepped down in September to focus his efforts on future strategic initiatives for the company. When Caton joined Navistar in October 2005, as executive vice president, finance, it was announced that the company's board of directors planned to elect him chief financial officer of Navistar upon the filing of the company's 2005 10-K. Since the 2005 filing has been delayed, the board elected him chief financial officer in September. Navistar International Corporation (NYSE: NAV) is the parent company of International Truck and Engine Corporation. The company produces International[R] brand commercial trucks, MaxxForce brand diesel engines and IC brand school buses, Workhorse work·horse n. 1. Something, such as a machine, that performs dependably under heavy or prolonged use: "the 50-year-old DC-3 ... brand chassis for motor homes and step vans, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. Navistar is also a provider of truck and diesel engine parts and service sold under the International[R] brand. A wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. offers financing services. Additional information is available at: www.nav-international.com. |
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