01—Abstract
Summary
Summary of the 8-K filed December 11, 2024. Cited figures are marked; the original filing is the authoritative source.
PACCAR INC (PCAR) has filed an 8-K report disclosing a key leadership transition within its financial services division.
Todd R. Hubbard, the current Vice President of Global Financial Services, has announced his retirement after a significant 17-year tenure with the company. His retirement will be effective on February 14, 2025, marking the end of an era for a long-standing executive.
To ensure a smooth handover and continued leadership, the Board of Directors has appointed Craig R. Gryniewicz as the successor to Mr. Hubbard.
Mr. Gryniewicz, 57, brings extensive experience from within PACCAR's financial arm, having most recently served as President of PACCAR Financial Corp. since December 4, 2018. His prior roles in sales and marketing within the same division further underscore his deep understanding of PACCAR's financial operations and customer base, positioning him well for this new responsibility.
02—Key points
Key Highlights
- Todd R. Hubbard, Vice President of Global Financial Services, is retiring from PACCAR after 17 years of service.
- Mr. Hubbard's retirement will be effective February 14, 2025.
- Craig R. Gryniewicz has been appointed to succeed Mr. Hubbard as Vice President of Global Financial Services.
- Mr. Gryniewicz is 57 years old.
- Mr. Gryniewicz has a strong background in PACCAR's financial services, most recently as President of PACCAR Financial Corp. since December 4, 2018.
- Prior to his role as President, Mr. Gryniewicz held positions in Sales and Marketing at PACCAR Financial Corp.
03—Questions
Frequently Asked Questions
Who is stepping down from PACCAR's leadership?
Todd R. Hubbard, the Vice President of Global Financial Services, is retiring from PACCAR.
When is Todd R. Hubbard's retirement effective?
Mr. Hubbard's retirement is effective February 14, 2025.
Who will replace Todd R. Hubbard?
Craig R. Gryniewicz has been appointed as the new Vice President of Global Financial Services.
What is Craig R. Gryniewicz's relevant experience?
Mr. Gryniewicz has extensive experience within PACCAR's financial division, including serving as President of PACCAR Financial Corp. since 2018 and prior roles in Sales and Marketing within the same entity.
04—Continue