Mark Pigott
Encyclopedia
Mark Pigott, has been Chairman and Chief Executive Officer
of PACCAR, Inc. since January 1997. Pigott has been highlighted as one of the nation's leading CEOs by Forbes Magazine, in their annual listing of the top ten CEOs in the country. He serves on the Business Council (Washington, D.C.
).
, studied in Italy
and worked in the United Kingdom
from 1984 to 1989. He graduated from Stanford University receiving his B.S.
in Industrial Engineering
(1976), an M.S.
in Business (1984), and a B.A.
in Humanities
(1998). He has received an Honorary Doctorate in Science
(Sc. D.) from Trinity College, Dublin (2007), an Honorary Doctorate of Laws (LL.D.) from Gonzaga University (2008), and an Honorary Doctorate of Humane Letters (D.H.L.) from Lehman College, NY (2010).
Under Mark Pigott's leadership PACCAR has delivered a 475 percent return to shareholders over the last decade (through 12/31/09). Pigott's focus on quality and innovation has resulted in PACCAR receiving many J.D. Power and Associates Awards for highest customer satisfaction as well as International Truck of the Year Awards.
PACCAR has earned the distinction of being one of the nation's leading companies by Forbes, Barron's Magazine, BusinessWeek and Industryweek Magazine.
Pigott has been Chairman of the DAF Supervisory Board since 1996, serves on the Business Council (Washington, D.C.
) and on the Washington State Business Roundtable Executive Committee (retired).
Harvard Business Review (January 2010) named Pigott as one of the top 50 global CEO's based on long term shareholder returns.
Piggot's compensation for the past year was $20,200,000 with five-year total of $80.12 million. http://chiefexecutive.net/americas-highest-paid-ceos.
stewardship
. He promotes a spirit of innovation and quality control throughout the workplace and invests in new cutting-edge technology
, which has led to the development of aerodynamic designs and hybrid vehicles that promote fuel efficiency
. As a result of this commitment and leadership, PACCAR has been recognized by the EPA SmartWay Transport Partnership program. Every PACCAR manufacturing facility has earned environmental certification ISO 140001. PACCAR'S Brands, Kenworth and Peterbilt are leaders in Diesel-Electric Hybrid technology installed in medium duty trucks.
On a personal basis, Pigott has funded professorships and scholarships at Stanford University, Trinity College, Dublin, the University of Washington, Gonzaga University, and Kings College, Cambridge.
He serves on the Board of the Royal Shakespeare Company America, The British Library Foundation, National Science & Technology Medals Foundation, St. George's Society (New York) Advisory Board and Trinity College Foundation. He is a life member of the National Gallery London, Royal Society for the encouragement of Arts, Manufacture Commerce (RSA), and the Royal National Theatre, UK. Major philanthropy also includes strategic planning and implementation of capital projects at St Paul's Cathedral London, the Royal Shakespeare Company and Trinity College, Dublin. An avid bibliophile, Mark Pigott is involved in numerous projects benefiting the British Library and the Folger Shakespeare Library. For over a decade, his dedication to educating the next generation of leaders is evidenced by his participation as a lecturer at numerous graduate schools of business, including the University of Washington, Seattle University, Gonzaga University, Stanford, and Trinity.
(OBE, UK, 2003), Commander of the Order of the Crown (Belgium)
(2006), Officer of the Order of Orange-Nassau
(Netherlands) (2008), Order of St. John
(2009) and Guild of Benefactors (Cambridge University, UK) (2009). Pigott's many business honors include being recognized as Washington State CEO of the Year (2003). He received the Ellis Island Medal of Honor (2006) and is an honoree of the Ireland Chamber of Commerce (ICCUSA, 2005) and was selected for the Irish America Magazine "Business 100" list (2005). In addition, Pigott received the Albert Schweitzer Leadership Award (HOBY 2007) and Stanford University Governors’ Award (2007) for over 30 years' of dedicated service to the university.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of PACCAR, Inc. since January 1997. Pigott has been highlighted as one of the nation's leading CEOs by Forbes Magazine, in their annual listing of the top ten CEOs in the country. He serves on the Business Council (Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
).
Education
Mark Pigott was born in San Francisco and raised in Seattle. He has lived in many cities in North AmericaNorth America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
, studied in Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
and worked in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
from 1984 to 1989. He graduated from Stanford University receiving his B.S.
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
in Industrial Engineering
Industrial engineering
Industrial engineering is a branch of engineering dealing with the optimization of complex processes or systems. It is concerned with the development, improvement, implementation and evaluation of integrated systems of people, money, knowledge, information, equipment, energy, materials, analysis...
(1976), an M.S.
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
in Business (1984), and a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in Humanities
Humanities
The humanities are academic disciplines that study the human condition, using methods that are primarily analytical, critical, or speculative, as distinguished from the mainly empirical approaches of the natural sciences....
(1998). He has received an Honorary Doctorate in Science
Science
Science is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe...
(Sc. D.) from Trinity College, Dublin (2007), an Honorary Doctorate of Laws (LL.D.) from Gonzaga University (2008), and an Honorary Doctorate of Humane Letters (D.H.L.) from Lehman College, NY (2010).
Business career
Mark Pigott's successful career with PACCAR began in 1978. He is the fourth generation of the Pigott family to lead the company. PACCAR, a Fortune 150 company, celebrated its 104th year in 2009 and has earned 71 years of consecutive profitability. PACCAR (revenues $15 billion) (Nasdaq:PCAR) is publicly traded and is a global technology leader in the capital goods and financial services industries. PACCAR's major brands are DAF Trucks, Kenworth and Peterbilt trucks, PACCAR Financial, PacLease, PACCAR Parts and PACCAR Information Technology.Under Mark Pigott's leadership PACCAR has delivered a 475 percent return to shareholders over the last decade (through 12/31/09). Pigott's focus on quality and innovation has resulted in PACCAR receiving many J.D. Power and Associates Awards for highest customer satisfaction as well as International Truck of the Year Awards.
PACCAR has earned the distinction of being one of the nation's leading companies by Forbes, Barron's Magazine, BusinessWeek and Industryweek Magazine.
Pigott has been Chairman of the DAF Supervisory Board since 1996, serves on the Business Council (Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
) and on the Washington State Business Roundtable Executive Committee (retired).
Harvard Business Review (January 2010) named Pigott as one of the top 50 global CEO's based on long term shareholder returns.
Compensation
While CEO of Paccar in 2009, Mark C. Pigott earned a total compensation of $2,994,771, which included a base salary of $1,350,000, no cash bonus, no stocks granted, options granted of $1,642,321.Piggot's compensation for the past year was $20,200,000 with five-year total of $80.12 million. http://chiefexecutive.net/americas-highest-paid-ceos.
Environmental leadership
Mark Pigott has been a strong supporter of environmentalEnvironment (biophysical)
The biophysical environment is the combined modeling of the physical environment and the biological life forms within the environment, and includes all variables, parameters as well as conditions and modes inside the Earth's biosphere. The biophysical environment can be divided into two categories:...
stewardship
Stewardship
Stewardship is an ethic that embodies responsible planning and management of resources. The concept of stewardship has been applied in diverse realms, including with respect to environment, economics, health, property, information, and religion, and is linked to the concept of sustainability...
. He promotes a spirit of innovation and quality control throughout the workplace and invests in new cutting-edge technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
, which has led to the development of aerodynamic designs and hybrid vehicles that promote fuel efficiency
Fuel efficiency
Fuel efficiency is a form of thermal efficiency, meaning the efficiency of a process that converts chemical potential energy contained in a carrier fuel into kinetic energy or work. Overall fuel efficiency may vary per device, which in turn may vary per application, and this spectrum of variance is...
. As a result of this commitment and leadership, PACCAR has been recognized by the EPA SmartWay Transport Partnership program. Every PACCAR manufacturing facility has earned environmental certification ISO 140001. PACCAR'S Brands, Kenworth and Peterbilt are leaders in Diesel-Electric Hybrid technology installed in medium duty trucks.
Philanthropy
Mark Pigott is President of the PACCAR Foundation, which annually donates $5–$10 million in support of education, social services and the arts. Beneficiaries included University of North Texas (2006), Stanford University (2006), Mississippi State University (2007), Gonzaga University (2006), East Mississippi Community College (2007), University of Washington (2008) and Seattle University (2009). Pigott established the prestigious PACCAR Award for Teaching Excellence at the University of Washington in 1997. This is the highest honorarium teaching award for MBA professors in the United States. Pigott's strong support of corporate giving is demonstrated by the fact that in 2010, PACCAR was ranked fifth on a list of 25 top large corporate philanthropists in the state of Washington by the Puget Sound Business Journal Book of Lists.On a personal basis, Pigott has funded professorships and scholarships at Stanford University, Trinity College, Dublin, the University of Washington, Gonzaga University, and Kings College, Cambridge.
He serves on the Board of the Royal Shakespeare Company America, The British Library Foundation, National Science & Technology Medals Foundation, St. George's Society (New York) Advisory Board and Trinity College Foundation. He is a life member of the National Gallery London, Royal Society for the encouragement of Arts, Manufacture Commerce (RSA), and the Royal National Theatre, UK. Major philanthropy also includes strategic planning and implementation of capital projects at St Paul's Cathedral London, the Royal Shakespeare Company and Trinity College, Dublin. An avid bibliophile, Mark Pigott is involved in numerous projects benefiting the British Library and the Folger Shakespeare Library. For over a decade, his dedication to educating the next generation of leaders is evidenced by his participation as a lecturer at numerous graduate schools of business, including the University of Washington, Seattle University, Gonzaga University, Stanford, and Trinity.
Honors
For his business and philanthropic leadership he was awarded Knights Cross of the Order of Merit, (Hungary) (2009), Officer of the Order of the British EmpireOrder of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...
(OBE, UK, 2003), Commander of the Order of the Crown (Belgium)
Order of the Crown (Belgium)
The Order of the Crown is an Order of Belgium which was created on 15 October 1897 by King Leopold II in his capacity as ruler of the Congo Free State. The order was first intended to recognize heroic deeds and distinguished service achieved from service in the Congo Free State - many of which acts...
(2006), Officer of the Order of Orange-Nassau
Order of Orange-Nassau
The Order of Orange-Nassau is a military and civil order of the Netherlands which was created on 4 April 1892 by the Queen regent Emma of the Netherlands, acting on behalf of her under-age daughter Queen Wilhelmina. The Order is a chivalry order open to "everyone who have earned special merits for...
(Netherlands) (2008), Order of St. John
Venerable Order of Saint John
The Most Venerable Order of the Hospital of Saint John of Jerusalem , is a royal order of chivalry established in 1831 and found today throughout the Commonwealth of Nations, Hong Kong, Ireland and the United States of America, with the world-wide mission "to prevent and relieve sickness and...
(2009) and Guild of Benefactors (Cambridge University, UK) (2009). Pigott's many business honors include being recognized as Washington State CEO of the Year (2003). He received the Ellis Island Medal of Honor (2006) and is an honoree of the Ireland Chamber of Commerce (ICCUSA, 2005) and was selected for the Irish America Magazine "Business 100" list (2005). In addition, Pigott received the Albert Schweitzer Leadership Award (HOBY 2007) and Stanford University Governors’ Award (2007) for over 30 years' of dedicated service to the university.