Navistar has appointed Mathias Carlbaum as its new CEO and president effective September 1, 2021.
He will succeed Persio Lisboa, who has held the position since July 2020.
In his 35-year-long tenure with the company and particularly in his recent roles as COO and CEO, Persio Lisboa was instrumental in returning Navistar to profitability and launching and executing a strategy called Navistar 4.0. After a short transition phase, Lisboa will retire.
Until the end of March 2021, Mathias Carlbaum was EVP Commercial Operations at Scania. After a long management career at Scania, he has extensive experience in sales and international markets. Since April 2021, he has been leading the post-merger management of Navistar on behalf of the Traton Group.
"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 Traton SE's CEO and member of Navistar's Board of Directors Matthias Gründler. "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 September 1, 2021, which, alongside CEO Carlbaum, will be made up of five other members: Walter G. Borst continues to be CFO 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. Donna G. Dorsey will retain responsibility for People & Culture; Friedrich W. Baumann remains responsible for Sales, Marketing & Aftersales. Mark Hernandez will be also appointed to the Executive Board, remaining responsible for Manufacturing.
Source: Navistar International
