10 Things You Didn’t Know about Paccar CEO Ronald E. Armstrong

Ronald Armstrong is the current CEO of Paccar, which is a U.S. corporation that manufactures commercial vehicles for customers situated throughout the world. However, it should be mentioned that Paccar has other products and services as well, which include some that bear little relation to its primary line of business. Here are 10 things that you may or may not have known about Ronald Armstrong:

1. Ronald Comes from Old Norse

Ronald comes from the Old Norse Rögnvaldr. In some cases, Ronald comes from the Gaelic Raghnall, but it should be mentioned that said name comes from Rögnvaldr as well. Regardless, Rögnvaldr can be separated into two elements regin and valdr, with regin meaning either “advice” or “decision” and valdr meaning “ruler.”

2. Armstrong Comes from a Middle English Nickname

Perhaps unsurprisingly, Armstrong comes from a Middle English nickname for someone who possessed strong arms. However, it is interesting to note that it was chosen as the Anglicization of a couple of Gaelic names, which mean “son of a strong man” and “strong O’Lavery.”

3. Studied at University of Central Oklahoma

Education-wise, Armstrong studied at the University of Central Oklahoma, which can be found in Edmond, OK. It isn’t the biggest institution of higher education in said state, it is notable in that it was one of the first to be established in not just Oklahoma but also the rest of the Southwestern United States.

4. Studied Accounting

In school, Armstrong studied accounting, which doesn’t have the best reputation but is nonetheless a versatile field with enormous importance in the world of business. After all, accounting is what makes it possible for interested individuals to understand what is going on at a business, thus enabling them to make the right decisions based on the right information. Never mind accounting’s other fundamental uses.

5. Is a CPA

Speaking of which, Armstrong is a CPA, which stands for a Certified Public Accountant. The exact nature of said status can see a fair amount of variation from place to place, but in essence, it means that the holder possesses the expertise and experience needed to be trusted with a wide range of accounting tasks. In some U.S. states, people can’t call themselves accountants without holding either a CPA or something very similar.

6. Served in a Number of Positions at Paccar

Over the course of his career, Armstrong has served in a number of positions at Paccar. Initially, those positions were concerned with accounting, but over time, his responsibilities have become broader and broader, which is perhaps unsurprising considering his current position as its CEO.

7. Did a Good Job with Financial Services

It is interesting to note that Paccar offers financial services to various parties. Moreover, one of the things that raised Armstrong’s profile is his capable handling of the financial services segment during the Great Recession, which was a very challenging task for not just said segment but also Paccar as a whole.

8. Runs a Cyclical Business

Simply put, Paccar is a very cyclical business in the sense that it moves in tune with the economic times. When economies are booming, its sales are strong; whereas when economies are busting, well, suffice to say that it suffers corresponding effects throughout its revenue-earning operations. Due to this, capable handling of recessions is one of the skills that members of Paccar’s senior leadership need to have.

9. Unexpected Choice

With that said, Armstrong was very much an unexpected choice for the CEO of Paccar. In part, this is because his predecessor had given no indication that he was looking for a successor, meaning that the choice came as something of a shock. For that matter, it should be mentioned that Armstrong’s predecessor was just one year older than him, which added to the surprise.

10. End of a Dynasty

In a sense, Armstrong’s rise to the position of CEO can be considered the end of a dynasty. In short, Paccar has been run by the Pigott family for most of its existence, which was one more reason why Mark Pigott’s choice to hand the CEO position over to Armstrong came as such a shock. With that said, Pigott influence in the corporation isn’t exactly at an end, as shown by how Mark Pigott is serving as the executive chairman, which is a position that tends to be more involved in the day-to-day operations than most chairmen.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Julian Teicke
20 Things You Didn’t Know About Julian Teicke
Insurance
20 Things You Didn’t Know About Next Insurance
Bryan Cranston
How Bryan Cranston Achieved a Net Worth of $30 Million
Software as a Service
20 Things You Didn’t Know About Coveo
Nintendo
10 Stocks to Consider if You Like Nintendo
Nike
10 Stocks to Buy That are Like Nike but Cheaper
Home Depot
10 Stocks to Consider if You Like Home Depot
Disney
10 Stocks to Consider if You Like Disney
Dar es Salaam- Tanzania
The 20 Best Places to Live in Africa
Bar Harbor, ME
The 20 Best Places to Live in the Northeast
Phoenix Neighborhoods
The 20 Best Places to Live in Phoenix Arizona
Portugal
The 20 Best Places In the World for Expats to Live
Elbow Beach
The 20 Best Hotels in Bermuda
McCormick and Schmicks
The 10 Best Seafood Restaurants in Arlington, VA
10 Experiences Not to Miss in La Paz, Mexico
Drury Hotels
The 10 Best Drury Hotels in the United States
Mercedes-Benz Vision AVTR
The Mercedes-Benz Vision AVTR concept
Mulsanne
Bentley Bids Farewell to the Mulsanne by Releasing an Ultra-Limited 6.75 Edition
Mercedes S-Class
The 20 Most Influential Cars of the Last Decade
Awesome Used Cars
20 Awesome Used Cars for Under $10,000
Stowa Prodiver Lime and Orange
The 20 Best Stowa Watches of All-Time
Spinnaker Hull California Automatic Black Tan
The 20 Best Spinnaker Watches of All-Time
Mido Multifort Automatic Anthracite Dial
The 20 Best Mido Watches of All-Time
Michele Butterfly
The 20 Best Michele Watches of All-Time