Leyland Trucks, a PACCAR company, located in Preston Lancashire, earned the prestigious Queen’s Award for Enterprise in International Trade 2020 for increasing exports by almost 50% over the last three years. Leyland Trucks manufactures DAF trucks and employs more than 1,000 people at its one million sq. ft. facility. Leyland Trucks produces the award-winning DAF XF, CF, and LF models for the UK, Europe, North and South America, and Asia markets. Highest quality commercial vehicles “Leyland is delighted to earn this prestigious award for substantially increasing its overseas revenues,” said Brennan Gourdie, Leyland Trucks managing director. “This is outstanding recognition for our dedicated employees who design and build the highest quality commercial vehicles in the marketplace, and a positive reflection of the excellent DAF sales and service dealer network.” Leyland Trucks delivered almost 20,000 trucks while enhancing its vehicle quality In 2019, Leyland Trucks delivered almost 20,000 trucks while enhancing its vehicle quality and manufacturing efficiency. DAF Trucks generates over £1 billion in annual revenue in the UK. DAF vehicles have enjoyed 25 years of commercial vehicle market leadership, achieving a 30.5% market share in the UK 6 – 40 tonne commercial vehicle sector in 2019. Providing financial services “PACCAR has manufactured the UK’s highest-quality commercial vehicles for 40 years,” said Mark Pigott, PACCAR executive chairman. “The Queen’s Award for Enterprise is a wonderful honor for our employees, customers, dealers and suppliers.” 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, and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.
The PACCAR Board of Directors approved the repurchase of an additional $300 million of its outstanding common stock. PACCAR recently completed its previously authorized $300 million share repurchase program. “PACCAR’s excellent net profits and cash flow deliver good returns for its shareholders,” said Mark Pigott, Executive Chairman. “The company’s shareholder return has averaged 12.5 percent in the last fifteen years, compared to the S&P 500 Index return of 9.5 percent.” “The stock repurchase program reflects the Board’s confidence in PACCAR’s successful global business growth,” said Ron Armstrong, Chief Executive Officer. “PACCAR has earned a net profit for 79 consecutive years and has paid a dividend every year since 1941.”
Mr. Franklin L. Feder has been elected to the PACCAR Inc Board of Directors, effective April 30, 2018, according to Mark Pigott, PACCAR executive chairman. Mr. Feder will succeed Luiz Kaufmann, who will retire from the Board on April 29, 2018. “PACCAR is very pleased that Frank Feder will be joining the Board. His years of management experience in international business, especially in South America, finance and manufacturing will benefit PACCAR in its global growth,” said Mark Pigott. “The Board thanks Luiz Kaufmann for his six years of excellent service to the company. Luiz has provided superb judgment and counsel as a director and was instrumental in PACCAR launching its Brasil DAF truck factory and enhancing its business in South America. We will miss him.” Past Experience Mr. Feder, 66, served as chief executive officer, Alcoa Latin America & Caribbean of Alcoa Inc. from 2004–2014. He previously served as vice president and director of corporate development of Alcoa Inc. from 1999–2004, chief financial officer of Alcoa Latin America from 1994–1999 and director corporate planning from 1990–1994. He was also managing partner of Technomic Consultores from 1978–1988, and a partner at Booz, Allen & Hamilton from 1989–1990. He currently serves as a director of Intercement, Companhia Brasileira de Aluminio, AES Tiete, Unigel, Instituto Ethos, WRI Brasil and Sitawi, all Brasil-based companies. Mr. Feder earned an MBA from IMD in Lausanne, Switzerland and a BA from the Getulio Vargas Foundation in Sao Paulo, Brasil.