05.06.2008 15:30:00
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New Director Joins Navistar Board
The board of directors of Navistar International Corporation (Other OTC:
NAVZ) appointed Steven J. Klinger, president and chief operating
officer, Smurfit-Stone Container Corporation (NASDAQ: SSCC), as a new
director effective June 2, 2008.
"We are delighted that Steve has agreed to
become a Navistar director as he brings a wealth of relevant experience
and special expertise to the board,” said
Daniel C. Ustian, Navistar chairman, president and chief executive
officer. "His experience and fresh insight
will contribute to our drive to become a $15 billion company by the end
of the current fiscal year.”
Since joining Smurfit-Stone in May 2006, Klinger, 49, has been an
important driver of the company’s three-year
transformation process which includes reducing the company’s
cost structure, streamlining the manufacturing process, upgrading the
leadership talent, and aligning sales and marketing.
Klinger joined Smurfit-Stone following a distinguished 23-year career at
the Georgia-Pacific Corporation where he most recently served as
executive vice president, packaging, pulp and global procurement.
Klinger is a graduate of Georgia State University with a degree in
accounting and Duke University’s Advanced
Management Program. He served on the Board of Directors of International
Corrugated Case Association, The Atlanta Academy and Georgia State
University. He is a former chairman of the board of the Fibre Box
Association and a former board member of St. Jude’s
House and Transition House.
Navistar International Corporation (Other OTC: NAVZ) is a holding
company whose wholly owned subsidiaries produce International®
brand commercial and military trucks, MaxxForce™
brand diesel engines, IC brand school and commercial buses, and
Workhorse brand chassis for motor homes and step vans. It also is a
private-label designer and manufacturer of diesel engines for the pickup
truck, van and SUV markets. The company also provides truck and diesel
engine parts and service. Another affiliate offers financing services.
Additional information is available at www.navistar.com.
Smurfit-Stone Container Corporation (NASDAQ: SSCC) is the industry's
leading integrated containerboard and corrugated packaging producer and
is one of the world’s largest paper
recyclers. The company is a member of the World Business Council for
Sustainable Development, the Sustainable Forestry Initiative®,
and the Chicago Climate Exchange. Smurfit-Stone generated revenue of
$7.4 billion in 2007, has led the industry in safety every year since
2001, and conducts its business in compliance with the environmental,
health, and safety principles of the American Forest & Paper Association.
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