Navistar has appointed Samuel Merksamer, managing director at Icahn Capital LP, to the board of directors, the Chicago Sun-Times reports.
Francine Knowles writes he will succeed Diane Gulyas, who is retiring after a three-year term on the board. who will retire after three years of board service.
He will stand for election at Navistar’s 2013 annual meeting and becomes the third board member appointed pursuant to the company’s agreements with Icahn Partners, MHR Fund Management LLC and affiliated entities with those two firms.
Merksamer has held his current role at Icahn since 2008, where he is responsible for the identification, analysis and monitoring of investment opportunities and portfolio companies.