New CEO For Paccar
Paccar Inc. has announced that Ronald E. Armstrong will become chief executive officer, Mark C. Pigott will become executive chairman of the board of directors and Robert J. Christensen will become president and chief financial officer (CFO), all effective April 27, 2014. Armstrong was also elected a member of the board of directors, of the Bellevue, Wash. Truck and engine manufacturer effective on the same date.
Armstrong is currently president of Paccar and succeeds Pigott who has served as the company’s chief executive officer and chairman since 1997. In his role as executive chairman, Pigott will remain an employee of the company and will help guide its future strategies and direction. Armstrong has been with Paccar for 20 years. Prior to Paccar, he was a senior manager with Ernst & Young where he worked for sixteen years. Christensen has worked at Paccar for 30 years and is currently executive vice president and chief financial officer.