The board of directors at PACCAR has elected Preston Feight as chief executive officer (CEO) effective from July 1.
Feight, who was also elected as a member of the board of directors, effective on the same date, is currently executive vice president of PACCAR. He succeeds Ron Armstrong who has served as the company’s chief executive officer since April 2014 and will retire from the company and the board on June 30, 2019.
Mark Pigott remains as executive chairman and will continue to provide strategic counsel to the company. Feight, 51, has been instrumental in PACCAR delivering revenue and profit growth, in addition to having an integral role in the development of many of PACCAR’s vehicle and powertrain products.
Feight has been with PACCAR for 21 years with leadership roles as President of DAF Trucks, Vice President and General Manager of Kenworth Truck Company as well as Assistant General Manager Sales and Marketing and Chief Engineer at Kenworth. He earned a BS degree in Mechanical Engineering from Northern Arizona University and a MS degree in Engineering Management from the University of Colorado.
Mark Piggott said: “Preston Feight is an outstanding leader who has made significant contributions to PACCAR’s excellent record of profitable growth and its industry-leading products and services. I congratulate Preston on his promotion to chief executive officer and welcome him to the Board.”