Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Navistar Names New CFO as Management Revamp Continues

Navistar International Corp. named a new finance chief as Chief Executive Officer Troy Clarke revamps his management team.

Walter Borst, 51, was named chief financial officer. He had been chief executive officer of General Motors Co.’s GM Asset Management unit. Clarke, who became CEO earlier this year, is also a former GM executive. Borst replaces Andrew Cederoth, whose departure was announced earlier this week.

Navistar is trying to end losses. The Lisle, Illinois-based truckmaker ousted Dan Ustian as CEO in August after an inquiry from regulators about its accounting and disclosures. Lewis Campbell, a former CEO of Textron Inc., took the helm as interim head of the company before yielding to Clarke.

Navistar also installed Jack Allen as chief operating officer in April.

The company’s shares rose 2.1 percent to $27.99 at the close in New York. Navistar have surged 29 percent this year, compared with a 13 percent rise for the Russell 1000 Index.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.