Navistar International, the maker of trucks and engines, on Thursday said its chief operating officer, Jack Allen, is retiring immediately.
Allen, 56, joined the company in the 1980s. He assumed his current position in April 2013.
His duties will be divided among three Navistar executives.
Bill Kozek, president of the North America truck and parts division, was promoted to president of the truck and parts division, and will take over global sales, product planning and the company’s defense business.
Persio Lisboa, vice president and chief procurement officer, was promoted to president of operations. He will also be responsible for product development, manufacturing and global businesses.
Walter Borst, Navistar’s chief financial officer, is now also responsible for business development, mergers and acquisitions, and corporate strategic planning.
“Jack has been an important leader at this company for more than three decades, and he played a critical role during our turnaround these past two years,” Troy Clarke, Navistar’s chief executive, said in a statement. “Now, we are counting on these three talented and energetic leaders to work with me and the rest of the organization to drive Navistar forward on its path to profitable growth.”
Lisle-based Navistar is on a turnaround plan that has included laying off workers, closing plants, selling business units and outfitting some trucks and buses with engines from competitor Cummins. The company also has worked with Cummins to make engines that meet 2010 federal emissions standards.
The company has battled warranty charges tied to engines that failed to meet 2010 federal emission standards, a loss of military business and a decline in sales. It expects to end the year with a combined market share “a point or two less than” its forecast of 21 percent.
In September, Navistar reported a third-quarter loss of $2 million, or 2 cents per share, compared with a loss of $247 million, or $3.06 per share, in the year-earlier period. Revenue was flat, at $2.8 billion.
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