PACCAR Announces Retirement of Vice President and Appointment of Successor

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Hubbard, Vice President of Global Financial Services, effective February 14, 2025. The Board of Directors has elected Craig R. Gryniewicz to succeed Mr. Hubbard, effective immediately. Mr. Gryniewicz previously served as President of PACCAR Financial Corp. since December 4, 2018.

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About Paccar Inc.

Paccar Inc. is a leading global manufacturer specializing in the design and production of high-quality commercial vehicles. Its primary function is to produce durable trucks under renowned brands such as Kenworth, Peterbilt, and DAF, serving an extensive range of industries including freight, construction, and heavy-duty transportation sectors. Paccar also manufactures an array of diesel engines and provides financial services like leasing, lending, and insurance to support their customers’ business needs. The company plays a crucial role in the commercial vehicle market, known for its commitment to innovation and technological advancement in truck design, fuel efficiency, and safety features. With its headquarters in Bellevue, Washington, Paccar stands as a significant contributor to global logistics and infrastructure, enabling efficient goods movement and supply chain operations worldwide. Moreover, Paccar is involved in aftermarket support and distribution, ensuring comprehensive customer service and parts availability across its network, thus cementing its position as a pivotal player in the commercial transport sector.