NATION
- Share via
Donald Lennox, who guided ailing International Harvester through a massive corporate metamorphosis into Navistar International Inc., resigned as chairman and CEO of the Chicago-based firm at its annual meeting Wednesday.
Lennox recalled the years of trying to regain fiscal health as “dreary,” saying “we had to make tough decisions on who to fire next and which plant to close.
“It was a time when making financial forecasts constantly found us in ‘deep yogurt,’ ” he said.
Lennox will become chairman of privately held Schlegel Corp. in Rochester, N.Y.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
