Navistar CFO to depart

LISLE, Ill. — Navistar International Corp. announced on Monday that Andrew J. (A.J.) Cederoth, executive vice president and chief financial officer (CFO), will leave the company at the end of the month.

Officials at Navistar, which is the parent company of school bus manufacturer IC Bus, said that the move is part of a planned transition to a new CFO. Cederoth, 48, served in the position since September 2009.

James Moran, Navistar's senior vice president and treasurer, will oversee the company's financial operations and functions on an interim basis while the company finalizes its appointment of a new CFO from outside the company.

"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," Navistar President and CEO Troy Clarke said. "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."

Other recent news on Navistar:

• Navistar names new VP, COO