Forbes honors Paccar’s Mark Pigott
KIRKLAND, Wash. — Forbes magazine recently published its annual CEO pay-versus-performance review in which Paccar’s Mark C. Pigott was identified as one of the Top 10 best-performing CEOs.
In the pay-versus-performance rankings, Forbes evaluated 189 CEOs who met the qualification criteria of a minimum of six-year tenure as chief executive. The rankings were calculated by comparing company stock performance (including dividends) relative to peer companies and the S&P 500 Index. The final criterion was the executive’s compensation trends during the previous years.
The scores were combined and the executive and company performance were ranked.
“This is wonderful recognition for the company and is a direct reflection on the integrity and dedication of Paccar’s 22,000 employees in providing superior products and services to its customers,” said Pigott, chairman and chief CEO of Paccar, the parent company of Kenworth and Peterbilt.
Pigott is one of only two CEOs in the survey to be recognized as a Top 10 leader for the fourth year in a row.
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