PACCAR board elects new VP

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BELLEVUE, Wash. — PACCAR’s board of directors has elected Kenneth R. Gangl to the position of senior vice president, effective May 1.

Gangl has six years with PACCAR and has been VP of financial services since 1999.

“Ken’s leadership and industry experience have made a significant contribution to the steady, profitable growth of PACCAR’s worldwide finance and leasing businesses,” noted Mark C. Pigott, chairman and chief executive officer. “PACCAR Financial Services pretax profits increased to a record $168.4 million in 2004.”

PACCAR 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.
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