Icahn urged Navistar to provide shareholders with board seats
According to Reuters, billionaire investor Carl Icahn recently accused the Navistar Group of not negotiating with major shareholders and decided to appoint Lewis Campbell as interim CEO.
Navistar’s Board of Directors did not negotiate with major shareholders, facilitating the recent decision to appoint Lewis Campbell as the company’s interim CEO. This caused Icahn’s strong dissatisfaction. He called the Navistar Group’s move “very unwiseâ€.
Icahn said: "I suggest that the Board of Directors immediately set a seat for the four major shareholders before allowing the company to make greater harm, allowing us to speak directly at the board meeting." Icahn and three other major shareholders hold Navis The Group has nearly 60% of its shares.
As the company's newly developed diesel engine did not meet the previously promised standards, the Navistar Group changed its CEO, Daniel Ustian, last month, and before negotiating with Textron, without negotiating with major shareholders. CEO Lewis Campbell is the interim CEO of the company.
Torque Rod Bush,Rubber Bush,Control Arm Bush
Xiangren Industry & Trade Co., Ltd. , http://www.hbfuelsystem.com