In addition, Steven K. Covey, senior vice president and general counsel, is retiring after 36 years with Navistar. Curt Kramer, currently associate general counsel and corporate secretary, will succeed Covey effective April 1, 2017.
In his new role, Lisboa, 51, will oversee Navistar’s operations, global and sales functions. In his most recent role as president of operations, Navistar says Lisboa was responsible for procurement, product development and manufacturing, where he helped drive hundreds of millions in total cost savings, while overseeing key strategic investments in new products and services. He also played a major role in negotiating the successful close of Navistar’s strategic alliance with Volkswagen Truck & Bus, the company says.
“Persio is an inspiring, performance-driven leader who consistently delivers results and empowers his teams to succeed. I am confident that with nearly 30 years of experience at Navistar, working across all aspects of our business, he will help us build on our positive momentum,” says Troy A. Clarke, chairman, president and CEO at Navistar. “On behalf of the Board of Directors and the management team, I congratulate Persio on this well-deserved promotion to chief operating officer.”
“I am honored to be taking on the role of chief operating officer and look forward to continuing to strengthen Navistar’s performance and deliver on our strategic priorities,” Lisboa says. “I am committed to working with Troy and the rest of the management team to drive operational excellence and industry-leading uptime as we push to become the industry‘s North American champion.”
Covey joined the company in 1981, and over the past 36 years has provided leadership and legal expertise for Navistar, the last 13 years in the role as general counsel.
“Steve has helped guide the company through many challenges. He brought a steady and thoughtful presence, and had a unique perspective on seeing the company for nearly four decades,” Clarke says. “I thank him for his unwavering service and wish him the very best as he begins his next chapter.”
In his new role as senior vice president and general counsel, Kramer, 48, will be responsible for leading all legal and corporate governance matters for the company, Navistar says. In his most recent role as corporate secretary, Kramer oversaw all corporate governance and Board administration functions, as well as all legal aspects of Navistar’s securities, finance and merger and acquisition activity.
“Curt has demonstrated his trusted leadership and extensive legal expertise throughout a variety of complex situations and transformative changes at Navistar,” Clarke says. “His keen understanding of the legal environment in which Navistar operates and impressive track record of accomplishments will serve him well in this new role.”
