Walter
G. Borst joins Navistar international Corporation on 1 August in the ‘hot seat’
of executive vice president and chief financial officer (CFO). He succeeds
Andrew J. Cederoth who has left the company.
Borst, 51, joins Navistar
from General Motors, where most recently he was the chairman, chief executive
officer (CEO) and president of GM Asset Management. He was responsible for
managing approximately $85 billion in assets, predominantly for the GM benefits
plans.
Prior to that, he spent
seven years as GM's treasurer and more than two years as CFO of Adam Opel AG.
