Navistar InternationalÂ (NYSE: NAV) has appointedÂ Persio Lisboa, president of operations, to serve as executive vice president and chief operating officer, and promoted Associate GeneralÂ CounselÂ Curt Kramer to general counsel.
The company said ThursdayÂ Lisboa will assume his new role effective immediately while Kramer will take over from Steven Covey, the retiring senior vice president and general counsel, on April 1.
Troy Clarke, Navistar chairman, president and CEO, notedÂ Lisboa’s nearlyÂ three decades of work with the company and said Kramer’s legal expertise has helped drive transformation initiatives.
Lisboa oversaw strategic investments, procurement, product development and manufacturing at Navistar as president of operationsÂ and will now be in charge of operations, sales and global business pursuits as COO.
HeÂ was part of the team thatÂ negotiated the terms in Navistar’s strategic alliance with Volkswagen‘s truck and bus business, the U.S. truck and engine manufacturer said.
Kramer, who also currently serves as corporate secretary, will lead corporate governance and legal functions when he takes his new role as Covey ends 13 years of service as Navistar’s general counsel.