Mark Pigott, (born February 6, 1954), is an American businessman and philanthropist. He 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[how?] on the Business Council in Washington, D.C.
Mark Pigott was born in San Francisco and raised in Seattle. He has lived in many cities in North America, 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), an Honorary Doctorate of Humane Letters (D.H.L.) from Lehman College, NY (2010), a D.H.L. from Seattle University, WA (2012). and a Doctorate of Fine Arts from University of Puget Sound, WA (2014).
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 106th year in 2011 and has earned 73 years of consecutive profitability. Paccar (revenues $16.4 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 290 percent total return to shareholders over the last decade (through 12/31/11). 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.
By the time of his departure as CEO of PACCAR, Mark Pigott was responsible for an employee satisfaction rating of 2.1 (out of 5) on Glassdoor.com, indicating that employees are “dissatisfied” with PACCAR. He is given a 14% approval rating as the CEO by employees on the site. Policies in place at the company include a requirement for formal business attire, including full suit and jacket for men and tailored clothing for women. The company has no casual dress days.
Additional policies include a requirement that men be clean shaven, and employees with facial hair are sent home until they shave. Hours at company standard and not flexible. Employees are not permitted to work from home, not allowed to have cell phones in the office, not allowed to have personal phone calls at their desks, and not allowed to access any personal email or social websites while working. Mark Pigott also insists on being addressed as “Mr. Chairman.” All these factors are indicated as reasons for their dissatisfaction.
Harvard Business Review (January 2010) named Pigott as one of the top 50 global CEO's based on long term shareholder returns.
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Mark Pigott has been a strong supporter[peacock term] of environmental 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 14001. Paccar's brands Kenworth and Peterbilt are leaders in Diesel-Electric Hybrid technology installed in medium duty trucks.
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, Kings College, Cambridge, Cambridge University and Trinity College, Dublin.
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, The British Library,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, National Gallery UK 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 College Dublin.[not in citation given]
For his business and philanthropic leadership he was awarded Knights Cross of the Order of Merit, (Hungary) (2009), Honorary Knight Commander of the Most Excellent Order of the British Empire (KBE, UK, 2012), Officer of the Order of the British Empire (OBE, UK, 2003), Commander of the Order of the Crown (Belgium) (2006), Officer of the Order of Orange-Nassau (Netherlands) (2008), Commander of the 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. He received the 2010 Medal of Honor from the St George's Society of New York.
"Paccar has over 23,000 employees worldwide and is committed to supporting leading educational institutions in the communities in which our employees reside," said Mark Pigott, chairman and chief executive. "Paccar has been committed to supporting educational excellence through donations to universities, independent college funds and various scholarship programs for 107 years – always focused on the betterment of students and society. Children are the future leaders and investing in their growth and development is our finest legacy."[this quote needs a citation] During the past five years,[when?] Paccar has provided many educational grants and donations. Paccar was honored by the Independent Colleges of Washington (ICW) for being a leading contributor for 50 years.
- "Mark Pigott: Executive Profile & Biography - Businessweek". investing.businessweek.com. Retrieved 21 June 2012.
- Forbes – CEO Compensation, Performance v Pay rank 3/189. Forbes, 2007.
- Stanford School of Engineering Alumni Profile
- "Trinity College Dublin Annual Report 2006-2007".
- "Lehman Today Fall 2010 - Winter 2011,".
- Why Mark Pigott Supports Cambridge, Cambridge University Development Office.
- American History Lectureship Established at Trinity College, Dublin, May 3, 2007.
- American millionaire Mark Pigott lavishes gifts on UK, Muckety.com, December 2, 2008
- St George's Society of New York: The English Ball at the Wayback Machine (archived March 23, 2010)
- Other sources
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- BusinessWeek – “Thinking Outside the Truck”
- Paccar - The Pursuit of Quality, Alex Groner and Barry Provorse; Documentary Media, Seattle, Washington, 2005 – 4th Edition
- Kenworth Trucks: The First 75 Years, Doug Siefkes; Sasquatch Books, Printed in Canada, 1998
- Paccar Inc Business Background Report, ChoiceLevel Books, Filiquarian Publishing, LLC / Qontro, June 12, 2009
- Gonzaga Unveils Professorship Initiative