Investor Relations and Corporate Development
Paccar is into the automotive industry designs, develops, manufactures, and distributes y trucks, powertrains, advanced diesel engines and related aftermarket distribution of parts. They also offers finance and leasing services to the customers and dealers.
Ken Hastings leads PACCAR Investor Relations, Corporate Development, and the PACCAR Foundation. In 2013 and 2014, he managed PACCAR's Winch Division. As head of Investor Relations, Ken represents PACCAR to 20 equity research analysts and over 900 institutional investors. He manages the quarterly earnings press release and conference call process, and tells PACCAR's excellent story to investors at investor conferences, non-deal roadshows, site visits and teleconferences. In PACCAR Corporate Development, Ken advises PACCAR executives on mergers & acquisitions, strategy development, and organizational leadership. Ken presents quarterly to PACCAR’s Board of Directors on topics including economic and industry updates, strategy, M&A opportunities, competitors and investor relations. Prior to PACCAR, Ken was a senior leader in Microsoft’s Corporate Development group. In this role, he sourced, structured, valued and negotiated acquisitions, divestitures, investments and joint ventures in the United States, Europe, Africa and Asia. He completed more than 20 transactions with a total value over $3 billion. Ken was also the Controller for Microsoft Customer Service and Technical Support, a $1 billion business, in which he led a team of over 35 finance professionals, located across the US, Europe and Asia. In the 1990's, Ken led the worldwide tax function at Hewitt Associates and was an auditor and tax consultant for the firms of Ernst & Young and Arthur Andersen, during which time he was a Certified Public Accountant licensed in Illinois. Ken earned an MBA with Honors from The University of Chicago Booth School of Business, a Masters in Taxation from DePaul University, and a BS in Accountancy with Honors from the University of Illinois.
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