Navistar Names Walter Borst CFO, Effective Aug. 1

Navistar International Corp. named Walter Borst the company’s chief financial officer, effective Aug. 1. He will replace A.J. Cederoth, who is leaving Navistar at the end of this month.

The personnel move, announced Thursday, followed Navistar’s announcement Monday of Cederoth’s departure. The company said James Moran will handle its CFO duties in the interim.

Borst was CEO of General Motors Co.’s asset management unit, overseeing $85 billion in funds, mostly in pension plans.

Troy Clarke, Navistar’s CEO and a former GM executive, said Borst “has proven himself in a wide array of key financial leadership roles at one of the world’s largest vehicle manufacturers, all of which makes him the right person to lead our financial operations and functions going forward.”

Navistar makes International brand trucks and MaxxForce engines.