Navistar CEO will know he's done his job when they start looking for a replacement
January 8, 2013
THe Chicago Tribune this week named Lewis Campbell, CEO of Navistar, as one of its "Ones to Watch" in 2013.
Tribune editors and reporters identified some of the Chicago business executives most likely to make news in 2013. On the list was Campbell, the 66-year-old former Textron chairman, who came out of retirement in August to turn around Navistar.
"Tom Ricketts will try to finally clinch a deal to improve Wrigley Field with some taxpayer support.
"Andrew Mason will fight for his legacy, and his job, at Groupon.
"And Lewis Campbell hopes to turn around Navistar to the point that his services are no longer needed."
Campbell replaced Dan Ustian, who retired after coming under criticism for his role in the company's strategy for meeting 2010 EPA emissions using only an in-cylinder solution and eschewing the selective catalytic reduction chosen by all other engine makers to meet the regulations.
Under "Why We're Watching," the Tribune editors note, "Campbell's goal for 2013 is to work himself out of being CEO at the struggling Lisle-based truck- and engine-maker."
Lewis tells the paper,
"As soon as we get this company positioned and back on its feet, then we should bring in someone who can go for eight to 10 years -- that's the ideal (length of) time to be a CEO.
"I personally think it's going to be 12 to 18 months, that's what I think. And once we pick the person, that kind of says this company is back on its game."Related Stories:Navistar Names New Chairman, Interim CEOBillionaire Investor Wants Navistar Board to Give Seats to Shareholders
Author: Deborah Lockridge | Posted @ Tuesday, January 8, 2013 8:19 AM