Navistar International has announced today that its CEO Daniel Ustian, who’s been with the company for 37 years, is retiring immediately. According to the press release, upon Ustian notifying the board of his retirement, they promoted Lewis Campbell as interim Chief Executive Officer, until a replacement can be found.According to the Chicago Tribune, Navistar has been under some scrutiny lately, saying it had to buy engines from a competitor because its own product could not reach emissions standards. In addition, the company has said that it is currently under investigation by the Securities and Exchange Commission for possible accounting problems. Campbell, Ustian’s successor, is the President, Chairman, and CEO of Textron Inc, an industrial conglomerate.
