Navistar International executives Wednesday rang the opening bell at the New York Stock Exchange to mark the company's centennial year in 2002.
With John R. Horne, chairman and chief executive officer, on the podium above the trading floor were Robert C. Lannert, vice chairman and chief financial officer, and Daniel C. Ustian, president and chief operating officer.
"We're very happy to be here today as our company achieves this significant milestone," Horne said. "I've never been more proud of this company than I am right now. Even though we're in some of the most difficult market conditions I've ever seen, our people are more confident in our future than ever before."
Navistar International's foundations were laid in 1831, when Cyrus McCormick invented the mechanical reaper. On August 12, 1902, McCormick's company merged with four others and incorporated as International Harvester Company. International trucks first hit the road to deliver farmers' goods to market in 1907.
The company went public in 1908, when International Harvester stock began trading on the New York Stock Exchange.
By 1985, the farm equipment and construction businesses of International Harvester were sold, and in 1986 the company changed its name to Navistar International Corp. In February 2000, Navistar changed the name of its operating company to International Truck and Engine Corp. to link its name with its brand.
With John R. Horne, chairman and chief executive officer, on the podium above the trading floor were Robert C. Lannert, vice chairman and chief financial officer, and Daniel C. Ustian, president and chief operating officer.
"We're very happy to be here today as our company achieves this significant milestone," Horne said. "I've never been more proud of this company than I am right now. Even though we're in some of the most difficult market conditions I've ever seen, our people are more confident in our future than ever before."
Navistar International's foundations were laid in 1831, when Cyrus McCormick invented the mechanical reaper. On August 12, 1902, McCormick's company merged with four others and incorporated as International Harvester Company. International trucks first hit the road to deliver farmers' goods to market in 1907.
The company went public in 1908, when International Harvester stock began trading on the New York Stock Exchange.
By 1985, the farm equipment and construction businesses of International Harvester were sold, and in 1986 the company changed its name to Navistar International Corp. In February 2000, Navistar changed the name of its operating company to International Truck and Engine Corp. to link its name with its brand.
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