The Navistar Board of Directors has appointed Mathias Carlbaum as the new Chief Executive Officer and President of Navistar International Corporation effective September 1, 2021. He will succeed Persio Lisboa, who has held this 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 solid strategy called Navistar 4.0. After a short transition phase, Lisboa will retire.