On June 23, 2020, the Board of Directors of Navistar International Corporation appointed Persio V. Lisboa as Chief Executive Officer of the Company effective July 1, 2020 upon the expiration of the Company's CEO Employment and Services Agreement with Troy A. Clarke and Mr. Clarke's assumption of the newly created executive officer position of Executive Chairman. Persio V. Lisboa, age 54, has served as Executive Vice President and Chief Operating Officer of the Company since March 2017.