Icahn Responds to Navistar Announcement of Troy Clarke's Appointment as President and Chief Executive Officer

Mar 07, 2013, 12:07 ET from Carl C. Icahn

NEW YORK, March 7, 2013 /PRNewswire/ -- Navistar International Corporation today announced that Troy Clarke has been appointed as President and Chief Executive Officer of Navistar.

In response to press inquiries regarding the announcement, Carl C. Icahn stated as follows:

In my view over the past year Troy Clarke has been the leading force in improving the company's manufacturing operations and cost structure thereby proving that he is the right man to lead Navistar. We believe that Troy will be able to focus the company on its core business, execute on aggressive cost and market share targets and ultimately succeed in leading Navistar to the dominant position in the North America heavy truck market over the next several years. The company has a bright future and we are behind Troy 100% in his efforts to build Navistar into a focused, competitive and profitable truck and engine manufacturer.

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