PACCAR Elects Newbigging to Board
10 December 1998
PACCAR Elects Newbigging to Board
BELLEVUE, Wash.--Dec. 10, 1998--David K. Newbigging has been elected to PACCAR Inc's board of directors effective April 27, 1999, filling a vacancy left by the retirement of Carl H. Hahn, according to Mark C. Pigott, PACCAR chairman and chief executive officer.Newbigging is currently chairman of Friends' Provident Life Office, a U.K. life assurance company, and serves on the boards of several other public companies, including Wah Kwong Shipping Holdings Limited in Hong Kong and, in the U.S., Merrill Lynch & Co Inc and Ocean Energy Inc of Houston. His previous appointments include chairman and CEO of Jardine, Matheson & Company Limited in Hong Kong and chairman of Rentokil Group PLC and Eqitas Holdings Limited in the U.K.
"Mr. Newbigging's international experience in both Europe and Asia will be of great value to PACCAR as it continues to grow throughout the world," said Pigott
PACCAR, a $6.5 billion company, is a leader in the design, development and manufacture of high quality light-, medium- and heavy-duty trucks. The company sells its trucks worldwide 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 and sells general automotive parts and accessories through its retail outlets.
PACCAR shares are traded on the NASDAQ Exchange, symbol PCAR, and its homepage can be found at www.paccar.com.