Mark Pigott Biography
Mark Pigott (Full name- Mark Charles Pigott) is an American businessman and philanthropist. Pigott was born on February 6, 1954, San Francisco, USA. He has been Executive Chairman of the Board of Directors of PACCAR, Inc. since April 2014.
Previously, Pigott Chairman and C.E.O of PACCAR from January 1997 to April 2014. He has been highlighted as one of the US’s leading CEOs by Forbes magazine, in their annual listing of the top ten CEOs in the country.
Mark Pigott Family
Pigott comes from a family of manufacturers and business leaders. Pigott’s great-grandfather William Pigott Sr. (1860–1929), founded the Seattle Car Manufacturing Company (now PACCAR) in 1905 in West Seattle, Washington. The company started off in making logging equipment and trucks. In 1917, it merged with a Portland, Oregon, company, Twohy Brothers, and was renamed the Pacific Car and Foundry Company. This merger led to expansion into making rail cars.
Pacific Car and Foundry Company was sold to American Car and Foundry in 1924 but Paul Pigott (1900–1961), William Pigott’s son and Mark’s grandfather, reacquired the company in 1934 and ran it as chairman and CEO until his death in 1961. The company manufactured Sherman tanks for use during World War II. At the war’s end, however, in 1945, the company migrated its business into truck manufacturing when it acquired the Kenworth Motor Truck Company in Seattle, Washington, and later the Peterbilt Truck Company, based in California.
Charles M. Pigott (1929–), Paul Pigott’s son and Mark’s father, became president in 1965 and added the titles of chairman and CEO three years later. On January 25, 1971, Pacific Car and Foundry Company changed its name to PACCAR to better describe the businesses it owned and operated. Charles’s son, Mark Pigott, the company’s chairman and CEO in the early 21st century, succeeded him in 1997.
Mark Pigott Wife
Pigott is married to his wife Cindy Pigott. The couple lives in Medina, Washington with his wife Cindy.
Mark Pigott Children Age
Pigott was born on February 6, 1954, in San Francisco and raised in Seattle. He worked in the United Kingdom from 1984 to 1989 after completing his studies before moving back to the U.S.. Mark Pigott is 65 years old as of 2019.
Mark Pigott Education
Pigott has lived in many cities in North America, studied in Italy, and worked in the United Kingdom from 1984 to 1989. He received his B.S. in Industrial Engineering (1976), an M.S. in Business (1984), and a B.A. in Humanities (1998) from Stanford University receiving.
Mark Pigott has also received an Honorary Doctorate in Science (Sc. D.) from Trinity College, Dublin (2007), an Honorary Doctorate of Laws (LL.D.) from Gonzaga University (2008), an Honorary Doctorate of Humane Letters (D.H.L.) from Lehman College, NY (2010), and a D.H.L. from Seattle University, WA (2012), an Honorary Doctorate of Fine Arts from the University of Puget Sound, WA (2014), and an Honorary Doctorate of Humane Letters from the University of Washington, WA (2016).
Mark Pigott Net Worth
Pigottt’s estimated Net Worth of is at least $227 Million. Mark Pigott makes $2,788,590 as Executive Chairman of the Board at PACCAR per year.
Mark Pigott Paccar Career
Pigott started out at PACCAR while still in high school during summer holidays. During summer breaks from Stanford University, Pigott was employed at PACCAR dealerships. Those early experiences, which included welding, painting trucks, operating forklifts, and assembling chassis, helped Pigott learn almost all aspects of the business. After college he was hired in 1977 as an internal auditor.
Pigott advanced in several positions at a number of divisions including Peterbilt Motors, headquartered in Denton, Texas, and Foden Trucks in the United Kingdom. Pigott was hired as vice president of PACCAR in October 1988 and was promoted in January 1990 to the position of senior vice president. In December 1993 he was selected to be PACCAR’s executive vice president. Pigott became a director beginning in 1994 and was promoted to vice chairman in January 1995. Pigott became CEO and chairman in January 1997.
Under Pigott’s leadership, net income in the first quarter of 2004 at PACCAR rose 64 percent to $182.2 million from $110.8 million in 2003. Revenue grew 32 percent to $2.37 billion from $1.8 billion. Pigott announced that all of PACCAR’s segments had strong results in 2003.
Mark Pigott Awards
2018, Tony Award – Co-Producer of Angels in America (Broadway), from Tony Awards.
2018, Britannia BAFTA Humanitarian award, BAFTA Los Angeles.
2016, Knight of the Order of St. John, Venerable Order of Saint John
2014, Chevalier of Orders and Letters, FrenchCulture.org.
2013, Inducted into Industry Week’s Manufacturing Hall of Fame, Industry Week.
2012, Honorary Knight Commander of the Most Excellent Order of the British Empire (KBE), Order of the British Empire.
2010, Medal of Honor from the St George’s Society of New York., St. George’s Society of New York.
Mark Pigott 2000s
2009, Knights Cross of the Order of Merit, Republic of Hungary.
2009, Commander of the Order of St. John, Venerable Order of Saint John.
2009, Guild of Benefactors, Cambridge University.
2008, Officer of the Order of Orange-Nassau, Order of Orange-Nassau.
2007, Stanford University Governors’ Award for over 30 years’ of dedicated service to the University, Stanford University.
2007, Albert Schweitzer Leadership Award (HOBY), Hugh O’Brian Youth (HOBY) organization.
2006, Ellis Island Medal of Honor, National Ethnic Coalition of Organizations (NECO).
2006, Commander of the Order of the Crown (Belgium), Kingdom of Belgium.
2005, Honoree of the Ireland Chamber of Commerce (ICCUSA), Ireland Chamber of Commerce.
2005, Irish America Magazine “Business 100” list, Irish America Magazine.
2003, Washington State CEO of the Year, Washington CEO magazine.
2003, Officer of the Order of the British Empire (OBE), Order of the British Empire.