Stonecipher Named to PACCAR Board

    BELLEVUE, Wash.--Jan. 30, 2001--Harry C. Stonecipher has been nominated to PACCAR Inc's Board of Directors and will stand for election at the Company's Annual Meeting on April 24, 2001, according to Mark C. Pigott, PACCAR chairman and chief executive officer. Mr. Stonecipher will fill a vacancy created by the retirement of Charles M. Pigott.
    Harry C. Stonecipher is President and Chief Operating Officer of The Boeing Company, manufacturer of aerospace equipment, commercial and military aircraft and related services. He was president and chief executive officer of McDonnell Douglas Corporation from 1994 to 1997 and chairman and chief executive officer of Sunstrand Corporation from 1991 to 1994. He is also a director of The Boeing Company and Milacron Inc.
    "PACCAR is very pleased that Mr. Stonecipher will be joining the Board. His management experience, demonstrated leadership abilities and understanding of business both domestically and internationally will be of great benefit to the Company," said Pigott.
    PACCAR, a $7.9 billion company, is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures industrial winches under the Braden, Gearmatic and Carco nameplates.

    PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.