Mr. Luiz Pretti has been elected to the PACCAR Inc. Board of Directors, effective September 1, 2024, according to Mark Pigott, PACCAR executive chairman. Mr. Pretti will succeed Franklin L. Feder, who will retire from the Board on August 30, 2024. Mr. Pretti served as president and chief executive officer of Brasil for Cargill from 2005 ?
2020. He previously served in other executive leadership roles in the agribusiness, finance and automotive industries from 1982 ? 2005.
Mr. Pretti is a leader in the Brasilian business community, including serving as the chairman of Votorantim Cimentos, since 2018, and as the chairman of AmCham-Brasil from 2019 ? 2023. Mr. Pretti earned a B.S. in Metallurgical Engineering from Armando Alvares Penteado Foundation in Sao Paulo, Brasil.
Paccar, Inc. specializes in the design, manufacturing and marketing of merchandise transportation vehicles. Net sales break down as follows:
- sale of trucks (73.8%): 185,300 vehicles sold in 2024 (DAF, Kenworth and Peterbilt brands), and distributed by country in the United States and Canada (106,400 units), Europe (45,400) and other (33,500; primarily Mexico and Australia);
- sale of accessories, spare parts and industrial winches (19.8%): Braden, Gearmatic and Carco brands);
- sales financing services (6.2%): standard financing and lease financing;
- other (0.2%).
Net sales are distributed geographically as follows: the United States (55.4%), Europe (20.7%) and other (23.9%).
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