Navistar CFO to step down

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LISLE, Ill. — Navistar is parting ways with its chief financial officer at the end of the month, as part of a planned transition to a new CFO, the company announced.

Andrew J. Cederoth has been the company’s executive vice-president and CFO since September, 2009.

Until a replacement is found, James Moran, Navistar’s senior vice-president and treasurer, will oversee the company’s financial operations, the company announced.

“I want to thank A. J. for his many contributions during his 23 years at Navistar, particularly the leadership he displayed this past year in helping to create, implement and drive significant progress in our turnaround plan,” said Troy A. Clarke, Navistar’s president and CEO. “I also appreciate the support A. J. provided during this CFO transition process. He has had a distinguished career at Navistar and we wish him well in his future endeavors.”

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