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PACCAR CEO R. Preston Feight Appointed to Deere Board of Directors

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Deere & Company (NYSE: DE) has appointed PACCAR CEO R. Preston Feight to its board of directors, expanding the board to 12 members. Feight, who has been PACCAR's CEO since July 2019, brings 26 years of experience from the global truck manufacturing company. His expertise spans engineering, manufacturing, aftermarket, and financial services, with a strong focus on advanced technologies including diesel, electric, and hydrogen fuel cell powertrains. Under his leadership, PACCAR has advanced in driver assistance systems and truck connectivity. Prior to becoming CEO, Feight held various leadership positions at PACCAR and previously worked at AlliedSignal and Ford.

Deere & Company (NYSE: DE) ha nominato R. Preston Feight, CEO di PACCAR, nel suo consiglio di amministrazione, ampliando il numero dei membri a 12. Feight, che è CEO di PACCAR dal luglio 2019, porta con sé 26 anni di esperienza nel settore della produzione di camion a livello globale. La sua expertise copre ingegneria, produzione, servizi post-vendita e servizi finanziari, con un forte focus su tecnologie avanzate, inclusi i motori diesel, elettrici e a celle a idrogeno. Sotto la sua guida, PACCAR ha fatto progressi nei sistemi di assistenza al conducente e nella connettività dei camion. Prima di diventare CEO, Feight ha ricoperto diverse posizioni di leadership in PACCAR e ha lavorato in precedenza presso AlliedSignal e Ford.

Deere & Company (NYSE: DE) ha nombrado a R. Preston Feight, CEO de PACCAR, en su junta directiva, ampliando el número de miembros a 12. Feight, quien ha sido CEO de PACCAR desde julio de 2019, aporta 26 años de experiencia de la empresa global de manufactura de camiones. Su experiencia abarca ingeniería, manufactura, servicios postventa y financieros, con un fuerte enfoque en tecnologías avanzadas, incluidos los sistemas de propulsión diésel, eléctricos y de celdas de combustible de hidrógeno. Bajo su liderazgo, PACCAR ha avanzado en sistemas de asistencia al conductor y conectividad de camiones. Antes de convertirse en CEO, Feight ocupó diversas posiciones de liderazgo en PACCAR y trabajó anteriormente en AlliedSignal y Ford.

디어 & 컴퍼니 (NYSE: DE)PACCAR CEO R. Preston Feight를 이사회의 새로운 멤버로 임명하며, 이사회 인원을 12명으로 확장했습니다. Feight는 2019년 7월부터 PACCAR의 CEO를 맡아왔으며, 글로벌 트럭 제조업체에서 26년의 경험을 쌓아왔습니다. 그의 전문 분야는 엔지니어링, 제조, 애프터마켓 및 금융 서비스로, 디젤, 전기 및 수소 연료 전지 파워트레인을 포함한 첨단 기술에 중점을 두고 있습니다. 그의 리더십 하에 PACCAR는 운전 보조 시스템 및 트럭 연결성에서 발전을 이루었습니다. CEO가 되기 전 Feight는 PACCAR에서 다양한 리더십 직책을 역임했으며, 그 이전에는 AlliedSignal과 Ford에서 일했습니다.

Deere & Company (NYSE: DE) a nommé R. Preston Feight, PDG de PACCAR, au sein de son conseil d'administration, portant le nombre de membres à 12. Feight, qui est PDG de PACCAR depuis juillet 2019, apporte 26 ans d'expérience dans la fabrication de camions à l'échelle mondiale. Son expertise couvre l'ingénierie, la fabrication, les services après-vente et les services financiers, avec un fort accent sur les technologies avancées, y compris les systèmes de propulsion diesel, électriques et à hydrogène. Sous sa direction, PACCAR a progressé dans les systèmes d'assistance au conducteur et la connectivité des camions. Avant de devenir PDG, Feight a occupé divers postes de direction chez PACCAR et a précédemment travaillé chez AlliedSignal et Ford.

Deere & Company (NYSE: DE) hat R. Preston Feight, CEO von PACCAR, in seinen Vorstand berufen und die Mitgliederanzahl auf 12 erweitert. Feight, der seit Juli 2019 CEO von PACCAR ist, bringt 26 Jahre Erfahrung aus dem globalen Lkw-Herstellungsunternehmen mit. Sein Fachwissen umfasst Engineering, Fertigung, Aftermarket und Finanzdienstleistungen, mit einem starken Fokus auf fortschrittliche Technologien, einschließlich Diesel-, Elektro- und Wasserstoffbrennstoffzellen-Antrieben. Unter seiner Führung hat PACCAR Fortschritte bei Fahrerassistenzsystemen und der Konnektivität von Lkw erzielt. Bevor er CEO wurde, hatte Feight verschiedene Führungspositionen bei PACCAR inne und arbeitete zuvor bei AlliedSignal und Ford.

Positive
  • Board strengthened with experienced CEO from complementary industrial sector
  • Addition of technology and engineering expertise relevant to Deere's Smart Industrial Operating Model
  • Expansion of board independence with 11 out of 12 directors being non-employee members
Negative
  • None.

MOLINE, Ill., Nov. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE: DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (Nasdaq: PCAR), a Fortune 500 company and 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.

Feight's leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial services capabilities. His strong emphasis on technology has positioned PACCAR as a leader in advanced powertrains—including diesel, electric, and hydrogen fuel cells—as well as in sophisticated driver assistance systems and truck connectivity.

"We're pleased to welcome Preston to the Deere board—an accomplished leader whose experience as CEO of another innovative industrial company aligns perfectly with our own transformation journey," said John C. May, Deere's chairman and CEO. "His leadership at PACCAR, which has a strong history of collaboration with Deere, along with his extensive business strategy and technology background, will be invaluable as we advance our Smart Industrial Operating Model."

In his 26 years with PACCAR, Feight has held positions as director of product planning, chief engineer, assistant general manager of sales and marketing, and general manager of Kenworth Truck Company, as well as president of DAF Trucks. In 2018, he was appointed PACCAR executive vice president and became CEO in July 2019. Earlier in his career, Feight held engineering roles at AlliedSignal and Ford.

He holds a Bachelor of Science degree in Mechanical Engineering from Northern Arizona University and a Master of Science in Engineering Management from the University of Colorado. He is a licensed professional engineer and commercial truck driver.

With Feight's appointment, the size of Deere's board has increased to 12 members, 11 of whom are independent, or non-employee, directors.

About Deere & Company

Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.

For more information on Deere & Company, visit us at www.deere.com/en/news/.

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SOURCE John Deere Company

FAQ

When did R. Preston Feight join Deere's board of directors?

R. Preston Feight was appointed to Deere & Company's (NYSE: DE) board of directors on November 1, 2024.

How many members are on Deere's board after Feight's appointment?

With Feight's appointment, Deere's board increased to 12 members, with 11 being independent, non-employee directors.

What is R. Preston Feight's current role outside of Deere?

R. Preston Feight serves as the CEO of PACCAR Inc, a Fortune 500 company that manufactures Kenworth, Peterbilt, and DAF trucks.

What experience does Feight bring to Deere's board?

Feight brings 26 years of PACCAR experience in engineering, manufacturing, and technology leadership, particularly in advanced powertrains and driver assistance systems.

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