Business News

Navistar Appoints Smurfit-Stone President and COO Steven J. Klinger to Board of Directors

Saturday 07. June 2008 - The board of directors of Navistar International Corporation (Other OTC: NAVZ) appointed Steven J. Klinger, president and chief operating officer, Smurfit-Stone Container Corporation (NASDAQ:SSCC), as a new director effective as of June 2, 2008.

“We are delighted that Steve has agreed to become a Navistar director as he brings a wealth of relevant experience and special expertise to the board,” said Daniel C. Ustian, Navistar chairman, president and chief executive officer. “His experience and fresh insight will contribute to our drive to become a $15 billion company by the end of the current fiscal year.”

Since joining Smurfit-Stone in May 2006, Klinger, 49, has been an important driver of the company’s three-year transformation process which includes reducing the company’s cost structure, streamlining the manufacturing process, upgrading the leadership talent, and aligning sales and marketing.

“Navistar has a long history of high performance and industry leadership, and I am honored to have been elected to the company’s board of directors,” Klinger said.

Klinger joined Smurfit-Stone following a distinguished 23-year career at the Georgia-Pacific Corporation where he most recently served as executive vice president, packaging, pulp and global procurement.

Klinger is a graduate of Georgia State University with a degree in accounting and Duke University’s Advanced Management Program. He served on the Board of Directors of International Corrugated Case Association, The Atlanta Academy and Georgia State University. He is a former chairman of the board of the Fibre Box Association and a former board member of St. Jude’s House and Transition House.