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Luiz Pretti has been elected to the PACCAR Inc Board of Directors, succeeding Franklin L. Feder. Pretti's international business and management experience will benefit PACCAR's global growth. PACCAR thanks Feder for his service. Pretti's background includes leadership roles in agribusiness, finance, and automotive industries, with significant contributions to the Brazilian business community. PACCAR is a leading global technology company in truck design, manufacturing, and customer support, with shares listed on NASDAQ under the symbol PCAR.
Luiz Pretti è stato eletto membro del Consiglio di Amministrazione di PACCAR Inc, succedendo a Franklin L. Feder. L'esperienza internazionale di Pretti in ambito aziendale e gestionale sarà vantaggiosa per la crescita globale di PACCAR. La compagnia esprime gratitudine verso Feder per il suo servizio. Il background di Pretti include ruoli di leadership nel settore agroindustriale, finanziario e automobilistico, con importanti contributi alla comunità imprenditoriale brasiliana. PACCAR è un'azienda leader mondiale nel settore della tecnologia per la progettazione, produzione e assistenza clienti di camion, con azioni quotate al NASDAQ sotto il simbolo PCAR.
Luiz Pretti ha sido elegido para el Consejo de Directores de PACCAR Inc, en reemplazo de Franklin L. Feder. La experiencia de Pretti en negocios internacionales y gestión beneficiará el crecimiento global de PACCAR. PACCAR agradece a Feder por su servicio. El historial de Pretti incluye roles de liderazgo en la agroindustria, finanzas e industria automotriz, con significativas contribuciones a la comunidad empresarial brasileña. PACCAR es una empresa líder global en tecnología de diseño, fabricación y soporte al cliente de camiones, con acciones listadas en NASDAQ bajo el símbolo PCAR.
루이스 프레티가 프랭클린 L. 페더의 후임으로 PACCAR Inc 이사회 멤버로 선출되었습니다. 프레티의 국제 비즈니스 및 경영 경험은 PACCAR의 글로벌 성장에 도움이 될 것입니다. PACCAR는 페더에게 그의 봉사에 대해 감사를 표합니다. 프레티의 이력에는 농업 사업, 금융 및 자동차 산업에서의 리더십 역할이 포함되어 있으며, 브라질 비즈니스 커뮤니티에 중요한 기여를 했습니다. PACCAR는 트럭 설계, 제조 및 고객 지원에서 세계적인 기술 회사로, NASDAQ에 PCAR 심볼로 상장되어 있습니다.
Luiz Pretti a été élu au conseil d'administration de PACCAR Inc, succédant à Franklin L. Feder. L'expérience de Pretti dans les affaires internationales et la gestion bénéficiera à la croissance mondiale de PACCAR. PACCAR remercie Feder pour ses services. Les antécédents de Pretti incluent des rôles de leadership dans l'agro-business, la finance et l'industrie automobile, avec des contributions significatives à la communauté des affaires brésilienne. PACCAR est une entreprise technologique mondiale de premier plan dans la conception, la fabrication et le soutien des clients de camions, avec des actions cotées au NASDAQ sous le symbole PCAR.
Luiz Pretti wurde in den Vorstand von PACCAR Inc gewählt, als Nachfolger von Franklin L. Feder. Prettis internationale Erfahrung in Geschäftsführung und Management wird dem globalen Wachstum von PACCAR zugutekommen. PACCAR dankt Feder für seine Dienste. Prettis Werdegang umfasst Führungspositionen in der Agrarwirtschaft, Finanzwelt und Automobilindustrie, mit bedeutenden Beiträgen zur brasilianischen Geschäftsgemeinschaft. PACCAR ist ein führendes globales Technologieunternehmen im Bereich Lkw-Design, Herstellung und Kundensupport, mit Aktien, die unter dem Symbol PCAR an der NASDAQ gelistet sind.
Positive
Luiz Pretti's election to the Board of Directors brings valuable international business and management experience to PACCAR, enhancing its global growth prospects.
Pretti's leadership roles in various industries and contributions to the Brazilian business community indicate a strong background in strategic decision-making and business development.
Negative
Franklin L. Feder's retirement from the Board may result in a loss of his valuable experience and contributions to PACCAR's business in Brazil and South America.
The departure of Feder, who provided judgment and counsel as a director, could impact the continuity of PACCAR's business initiatives in the region.
BELLEVUE, Wash.--(BUSINESS WIRE)--
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. “PACCAR is very pleased that Luiz Pretti 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 Frank Feder for his six years of excellent service to the company. Frank has provided superb judgment and counsel as a director and was instrumental in enhancing PACCAR’s business in Brasil and South America. We will miss him.”
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, the largest cement company in Brasil, 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 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. PACCAR shares are listed on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com.
