PACCAR Inc. announced that its Board of Directors has elected Preston Feight as chief executive officer (CEO) effective July 1, 2019. Mr. Feight was also elected as a member of the Board of Directors, effective on the same date. Preston Feight is currently executive vice president of PACCAR and succeeds Ron Armstrong who has served as the company's chief executive officer since April 2014.

Ron Armstrong will retire from the company and the Board on June 30, 2019. Mark Pigott remains as executive chairman and will continue to provide strategic counsel to the company.