Founded in 1905, PACCAR is one of the largest manufacturers of heavy-duty rig trucks and light and medium trailers in the world. The company manufactures and sells various trucks through its subsidiaries, including Kenworth, Peterbilt, DAF and Foden. The other products offered by the company include industrial winches of various brands, such as Braden, Carco, and Gearmatic. It also manufactures spare parts and accessories for all its trucks. Its technical centers are located in the Netherlands and Washington State, undertaking engineering analysis, component design, research and development activities. The company sells and markets its trucks and spare parts through a distribution network of independent dealers throughout the United States. Its subsidiaries, PACCAR Financial Corporation and PacLease offers financing and truck leasing options to customers. Mark C. Pigott has been the chief executive officer of PACCAR for more than nine years. He has been with the manufacturing company for over 29 years. Pigott earned a BS degree, and a MS from Stanford University. PACCAR is headquartered in Bellevue, Wash.