Penske Logistics President Vincent Hartnett on Wednesday, Sept. 15, announced his intention to retire in January 2011 after more than 38 years of service to the Penske organization. Penske Logistics is a wholly-owned subsidiary of Reading, Pa.-based Penske Truck Leasing.
In a joint statement, Roger S. Penske, founder and board, and Brian Hard, president and chief executive officer of Penske Truck Leasing, said that “Vince has made tremendous contributions to the growth and success of our businesses and established Penske Logistics as an industry leader, and for that we are sincerely grateful. We are happy for Vince and his wife as they begin a new chapter in their lives, and we wish them much success and happiness.”
Succeeding Hartnett as president of Penske Logistics is Marc Althen, a 22-year Penske veteran, who until this recent appointment served as senior vice president of administration and procurement with Penske Truck Leasing. “I am confident Marc will lead Penske Logistics into its next successful chapter,” hard said. “Marc and Vince have worked closely to ensure a seamless transition.”
Althen has been with Penske Truck Leasing for 22 years and has held several key executive leadership roles, with responsibilities overseeing administration, procurement, facilities, real estate, vehicle remarketing, vehicle supply, energy and environmental services. Prior to joining Penske, he held positions with Chevron and GE’s Gelco Truck Leasing.