WARRENVILLE, Ill., June 5 /PRNewswire-FirstCall/ -- The board of directorsof Navistar International Corporation (Other OTC: NAVZ) appointed Steven J.Klinger, president and chief operating officer, Smurfit-Stone ContainerCorporation (Nasdaq: SSCC), as a new director effective as of June 2, 2008.
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'We are delighted that Steve has agreed to become a Navistar director ashe brings a wealth of relevant experience and special expertise to the board,'said Daniel C. Ustian, Navistar chairman, president and chief executiveofficer. 'His experience and fresh insight will contribute to our drive tobecome a $15 billion company by the end of the current fiscal year.'
Since joining Smurfit-Stone in May 2006, Klinger, 49, has been animportant driver of the company's three-year transformation process whichincludes reducing the company's cost structure, streamlining the manufacturingprocess, upgrading the leadership talent, and aligning sales and marketing.
'Navistar has a long history of high performance and industry leadership,and I am honored to have been elected to the company's board of directors,'Klinger said.
Klinger joined Smurfit-Stone following a distinguished 23-year career atthe Georgia-Pacific Corporation where he most recently served as executivevice president, packaging, pulp and global procurement.
Klinger is a graduate of Georgia State University with a degree inaccounting and Duke University's Advanced Management Program. He served onthe Board of Directors of International Corrugated Case Association, TheAtlanta Academy and Georgia State University. He is a former chairman of theboard of the Fibre Box Association and a former board member of St. Jude'sHouse and Transition House.
Navistar International Corporation (Other OTC: NAVZ) is a holding companywhose wholly owned subsidiaries produce International(R) brand commercial andmilitary trucks, MaxxForce(TM) brand diesel engines, IC brand school andcommercial buses, and Workhorse brand chassis for motor homes and step vans.It also is a private-label designer and manufacturer of diesel engines for thepickup truck, van and SUV markets. The company also provides truck and dieselengine parts and service. Another affiliate offers financing services.Additional information is available at http://www.navistar.com.
Smurfit-Stone Container Corporation (Nasdaq: SSCC) is the industry'sleading integrated containerboard and corrugated packaging producer and is oneof the world's largest paper recyclers. The company is a member of the WorldBusiness Council for Sustainable Development, the Sustainable ForestryInitiative(R), and the Chicago Climate Exchange. Smurfit-Stone generatedrevenue of $7.4 billion in 2007, has led the industry in safety every yearsince 2001, and conducts its business in compliance with the environmental,health, and safety principles of the American Forest & Paper Association.
SOURCE Navistar International Corporation; Smurfit-Stone Container
Corporation
