Navistar International Corp NAV
Q1 2013 Earnings Call Transcript

Transcript Call Date 03/07/2013

Operator: Good morning and welcome everyone to this Navistar International Corporation First Quarter 2013 Earnings Release Conference Call. Today's call is being recorded.

Now for opening remarks and introductions, I would like to turn the program over to the Vice President of Investor Relations, Heather Kos. Please go ahead.

Heather Kos - VP of IR and Financial Communications: Good morning, everyone, and thank you for joining us for Navistar's first quarter 2013 conference call. With me today are; Lewis Campbell, Navistar's Chairman and Interim Chief Executive Officer; Troy Clarke, our President and Chief Operating Officer; and A. J. Cederoth, our Chief Financial Officer.

Before we begin, I'd like to cover a few items. A copy of this morning's press release and the presentation slides that we'll be using today have been posted on our Investor Relations website for your reference. The non-GAAP financial measures discussed in this call are reconciled to the U.S. GAAP equivalent as a part of the appendix in the slide deck.

Finally, today's presentation includes some forward-looking statements about our expectations for future performance. Actual results could differ materially from those suggested by our comments made here. For additional information concerning factors that could cause actual results to differ materially from those projected in today's presentation, please refer to our most recent reports on Form 10-K and 10-Q and our other SEC filings. We would also refer you to the Safe Harbor statement and other cautionary note disclaimers presented in today's material for more information on this subject.

With that, I'll turn the call over to Lewis Campbell, for his opening remarks.

Lewis B. Campbell - Chairman and Interim CEO: Thanks, Heather, and good morning everybody. Thanks for joining the call. Before I turn to the quarter, I'd like to spend a minute on the other news we announced this morning. As you've likely seen, I'll be leaving my position as Executive Chairman and Interim CEO of Navistar on April 15. At that time, I am truly delighted to hand the CEO reins over to Troy Clarke, who served as our Company's President and Chief Operating Officer since August of last year.

Troy is going to also remain President and become a Member of the Board and Jim Keyes, who served as a Board member since 2002 will become our Non-Executive Chairman. As you know, when I joined Navistar in August, my mandate was to serve on an interim basis and help lead the Company through an important transition period. Since that time, we've made significant progress on many important fronts and you will hear updates on much of that as we talk about our performance on today's call. In short, our turnaround is well underway and is gaining momentum, which is why we're now ready to put a longer term CEO in place.

Suffice it to say, I couldn't be more pleased with our accomplishments over the past six months and I'm truly honored to have had the opportunity to work in partnership with Troy as we set the Company on a clear path forward and we have. Troy is a proven leader and I'm thrilled that the Board and I have decided that he is just the right executive to lead the Company at this time.

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