Navistar (NAV) Announces Retirement of Two Directors

September 6, 2016 8:28 AM EDT

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Navistar International Corporation (NYSE: NAV) announced that James Keyes and Michael Hammes will be retiring from the company's Board of Directors.

"On behalf of the Board, I would like to thank Jim and Mike for their contributions and service to Navistar during their time served on the Board of Directors," said Troy Clarke, President and Chief Executive Officer, Navistar. "They both played a critical role over the last few years in supporting the leadership team as we successfully worked through our turnaround."

Jim and Mike will leave the Board at the completion of the share issuance to Volkswagen Truck & Bus or at Navistar's 2017 Annual Meeting of Stockholders, whichever comes first.

Keyes has served as non-executive Chairman of Navistar International Corporation since April 2013. He has been a member of the Board since December 2002.

Michael Hammes has served on the Board since February 1996 and served as lead director of the company from December 2007 to April 2013.

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