Daniel M. Hancock was appointed to the Board in July 2017, having previously joined the Company's Advisory Board in March of 2017, and appointed Chair of the Board of Directors April 2020. Mr. Hancock is currently President of DMH Strategic Consulting LLC and also serves on the board of directors of Cryoport Systems, Inc., a U.S. headquartered company listed on the NASDAQ. Mr. Hancock retired from General Motors ("GM") in 2011, after 43 years of service in GM's powertrain engineering and general management functions. His last position with GM was Vice President, Global Strategic Product Alliances. During this period he served as Chairman of GM's DMAX and VM Motori diesel engine joint ventures with Isuzu and Fiat, respectively. Mr. Hancock's previous appointments at GM included: Vice President, Global Powertrain Engineering; CEO, Fiat-GM Powertrain; and President, Allison Transmission Division. In these positions he was responsible for providing powertrain products that enabled regulatory dynamometer and vehicle certification and compliance, primarily on emissions and fuel economy. Given the global footprints of these organizations, he was responsible for assuring compliance with multiple, diverse national legal entity regulations and requirements. He now serves in board and advisory positions with several organizations focusing on new powertrain technologies and STEM ("Science, Technology, Engineering, and Mathematics") education. He was President of SAE International in 2014 and is a member of the National Academy of Engineering. He received a master's degree in mechanical engineering from Massachusetts Institute of Technology and a bachelor's degree also in mechanical engineering from General Motors Institute (now Kettering University), Michigan.
Michele J. Buchignani was appointed to the Westport Fuel Systems Board in March, 2018. Ms. Buchignani brings experience as a strategic business leader with extensive senior level expertise in law, finance, private equity, strategy, governance, compliance, risk management, and compensation. Ms. Buchignani is currently Chief Executive Officer of McLean Drive Consulting Ltd., a consulting firm to private equity owned and growth companies and also serves as Managing Partner of McLane Drive Holdings LP., a U.S. real estate holding company. She serves in board and advisory positions with several corporate and not-for-profit organizations including Copper Mountain Mining Corporation, a TSX listed company, TSX Trust Company, a federally regulated trust company, CAI Capital Partners V L.P., White House Design Company Inc., and The Fraser Institute. Her depth of Board experience includes serving as Chair of the Board of Directors, Chair of Governance and Human Resources committees as well as serving on Audit and Corporate Responsibility committees. Previously, Ms. Buchignani held executive positions including as a Director with Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan in Toronto from 2005 to 2009; Managing Director and Head of the Private Equity Funds Group at CIBC Capital Partners in Toronto and New York from 1999 to 2003; and Managing Director, Canadian General Counsel and Head of Compliance for CIBC World Markets from 1996 to 1999. From 1989 to 1996, she practiced corporate law in Toronto and London at Stikeman Elliott and was elected as a partner in 1995. Ms. Buchignani holds the ICD.D designation from the Institute of Corporate Directors. Ms. Buchignani holds a Bachelor of Arts degree with Honours in English from the University of British Columbia and a JD from the University of Toronto. She has also completed the Stanford Executive Program at the Graduate School of Business at Stanford University.
Brenda J. Eprile joined the Board of Directors in October 2013 and was appointed as Chair of Westport Fuel Systems' Board of Directors from February of 2017 to April 2020. From 2000 to 2012, Ms. Eprile was a Senior Partner at PwC and led the Risk Advisory Services practice. From 1985 to 1997, Ms. Eprile had a distinguished career as a securities regulator in Canada, having held the positions of both Executive Director and Chief Accountant at the Ontario Securities Commission. Ms. Eprile is a Fellow Certified Professional Accountant (FCPA), and holds the ICD.D designation. She has a MBA from Schulich School of Business, York University. She is the former chair of the board of Home Capital Group, a TSX listed company and led the board through a severe liquidity crisis in April 2017 and the settlement of a significant regulatory action and compliance remediation. She is currently a member of the boards of Atlantica Sustainable Infrastructure plc, Olympia Financial Group Inc., Olympia Trust Company and software developer Canvas GFX.
Rita Forst first joined Westport Fuel Systems as a member of the Westport Fuel Systems Advisory Board in January of 2018. Since 2015 Mrs. Forst has been an independent consultant in the automotive technology business. She serves on the Board of Directors of AerCap Holdings NV, an aviation leasing company headquartered in Dublin, Ireland. In addition, she serves as member of the Supervisory Board of ElringKlinger AG headquartered in Dettingen, Germany and NORMA Group SE in Maintal, Germany and as a member of the Advisory Board of iwis headquartered in Munich, Germany. In 2013, Mrs. Forst retired from Opel/General Motors ("GM") after 36 years of service in its global powertrain and vehicle engineering functions. Her last position with Opel/GM was member of the Opel Management Board and Vice President Vehicle Engineering for General Motors Europe. Mrs. Forst has extensive experience in powertrain and vehicle engineering. She received a bachelor's degree in mechanical engineering from Darmstadt University of Applied Technology and a bachelor's degree in mechanical engineering from General Motors Institute (now Kettering University), Michigan.
David M. Johnson, was appointed Chief Executive Officer in January 2019 and is a member of the Westport Fuel Systems Board of Directors. Mr. Johnson is an industry veteran with more than 25 years of experience leading engine and vehicle development for automotive and commercial vehicle industries around the world. Prior to his appointment, Mr. Johnson served for ten years as President and Chief Executive Officer of Achates Power Inc. leading technical, commercial and corporate development to establish the organization as a leading developer of opposed-piston engines. Mr. Johnson’s distinguished career began in 1990 with Ford Motor Company in Truck Powertrain Planning. He subsequently held a variety of roles in engineering, product planning, program management, and strategic development with increasing responsibility. Since then Mr. Johnson has served in a variety of roles with leading automotive companies including senior roles at Navistar and General Motors. Mr. Johnson combines deep technical expertise with a decades-long career in international markets. He earned a Master of Business Administration and a Bachelor of Science in Mechanical Engineering from Cornell University.
Prof. Dr. Karl Viktor Schaller is currently is an Honorary Professor at the Technical University of Munich, founder and Managing Director of kvs consulting. Previously, Dr. Schaller was the Executive Vice President of motorcycles with BMW AG from April 2014 to July 2019 and Technical Director of the Engineering and Purchasing Department at MAN Truck and Bus SE until 2006. Dr. Schaller then served as a Board Member at MAN and was responsible for product development, purchasing and planning. During his tenure at MAN from 1990 to 2009, he headed various departments including those responsible for development of alternative drive systems (batteries, various hybrids, natural gas, hydrogen in ICE and fuel cells) and heavy trucks. He holds a diploma and a doctorate (Dr.-Ing., magna cum laude) in mechanical engineering from the Technical University of Munich. In 2006 he was awarded honorary professor at the Technical University of Munich for his lecture on "commercial vehicles".
Eileen Wheatman is an experienced president and Chief Financial Officer with broad senior executive level management experience in a variety of industries including finance and telecommunications. Ms. Wheatman is currently the President of Douglas Communications Inc. having joined the organization as controller in 1996, was named Chief Financial Officer in August 1999, and President in 2017. She has a diverse background in business planning, finance and corporate strategy, as well as public accounting, audit, and estate taxation. Ms. Wheatman is currently on the Board of Directors and Audit Committee for KSR International Co., a Tier 1 auto parts manufacturer with $230M+ in revenue, and also serves on the Board of Directors for Quantum Fuel Systems, a previously publicly traded company acquired through bankruptcy in 2016. Ms. Wheatman holds a bachelor’s degree in business management with emphasis in accounting supplemented with Masters’ classes in Estate Taxation. Ms. Wheatman was awarded The Wall Street Journal award for the highest GPA in Business Management in graduating class and obtained a CPA certification in California in 1990.
Peter Yu, joined the Board of Directors in January 2016. Mr. Yu is Founder and Managing Partner of Cartesian, a global private equity firm with more than $2.5 billion under management. Prior to founding Cartesian, Mr. Yu founded and served as President and Chief Executive Officer of AIG Capital Partners. He built AIG Capital Partners into a leading global private equity firm with $4.5 billion under management. Over his career, Mr. Yu has initiated, negotiated and executed numerous innovative and successful investments across a wide range of industries and geographies. He has served as a director and advisor to more than two dozen industry-leading companies. Prior to founding AIG Capital Partners, Mr. Yu served President Bill Clinton as Director to the National Economic Council in the White House. In that capacity, he managed a number of domestic and international economic policy initiatives and priorities. Mr. Yu graduated magna cum laude from Harvard Law School, where he served as President of the Harvard Law Review. Mr. Yu served as a law clerk to Justice John Paul Stevens of the United States Supreme Court and to Chief Judge Patricia Wald of the U.S. Court of Appeals for the D.C. Circuit. Mr. Yu received his B.A. degree from the Woodrow Wilson School at Princeton University.
David M. Johnson was appointed Chief Executive Officer in January 2019 and is a member of the Westport Fuel Systems Board of Directors. Mr. Johnson is an industry veteran with more than 25 years of experience leading engine development for automotive and commercial vehicle industries around the world. Prior to his appointment, Mr. Johnson served ten years as President and Chief Executive Officer of Achates Power Inc. leading technical, commercial and corporate development to establish the organization as a leading developer of opposed-piston engines. Mr. Johnson’s distinguished career began in 1990 with Ford Motor Company in Truck Powertrain Planning. He subsequently held a variety of roles in engineering, product planning, program management, and strategic development with increasing responsibility. Since then Mr. Johnson has served in a variety of roles with leading automotive companies including senior roles at Navistar and General Motors. Mr. Johnson combines deep technical expertise with a decades-long career in international markets. He earned a Master of Business Administration and a Bachelor of Science in mechanical engineering from Cornell University.
Richard Orazietti was appointed Chief Financial Officer in September of 2019. Mr. Orazietti has had a distinguished career as a finance leader with expertise across multiple finance disciplines and extensive experience working with business and operational management to drive change and improve performance. Prior to joining Westport Fuel Systems, he served as Senior Vice President, Treasurer of Goldcorp, Inc., a former NYSE and TSX listed senior gold producer, where he was responsible for financing the company’s strategic and operating objectives and managing risk exposure. Previously, he also held roles as Senior Vice President, Controller and Vice President, Internal Audit. Prior to Goldcorp, Mr. Orazietti served as Vice President, Finance at BCE Inc., Canada’s largest communications company, where he led the financial management of various operating divisions during a period of significant change in the industry. He brings extensive experience in corporate finance, risk management, financial reporting and control, operational management, strategic planning and in leading change. He is a Chartered Professional Accountant (“CPA”) in British Columbia and holds a Global Executive MBA from the IESE Business School at the University of Navarra and a Bachelor of Business Administration from Simon Fraser University. Mr. Orazietti is also fluent in French, Italian, and Spanish.
Jim Arthurs is Executive Vice President, at Westport Fuel Systems. Mr. Arthurs joined Westport Fuel Systems in 2011 and has overseen the development of Westport’s heavy-duty engine and fuel system technologies, including the Westport HPDI 2.0™ system. He is a member of the Board of Directors of Cummins Westport Inc., a joint venture company owned equally by Cummins Inc. and Westport Fuel Systems that designs, engineers and markets spark-ignited natural gas engines for medium- and heavy-duty transportation applications. Previously, Mr. Arthurs was President of Cummins Westport Inc. from 2012 to 2013 and led the development of the Cummins Westport ISX12 G natural gas engine. Prior to that, he was Vice President, Cryogenic Systems and Vice President, Operations. Before joining Westport Fuel Systems, Mr. Arthurs was a Managing Partner and Co-Founder of i3 Transition Partners LLP, a management consulting firm that specialized in business assessments and helping companies plan for and implement strategic change. Over his career, he has held senior sales, operating and executive management positions at several companies including IBM, Weyerhaeuser, the Loewen Group and the Jim Pattison Group. Since 2004, he has been a member of the board of directors of Western Forest Products Inc., an integrated forest products company. He has been a member of the Audit Committee of Western Forest Products since 2004 and from 2010 through 2019 he was Chairman of the Audit Committee. Mr. Arthurs holds a BSc degree in Computer Science from the University of Calgary.
Massimiliano Fissore is Senior Vice President, Independent Aftermarket & DOEM at Westport Fuel Systems. Since 2016, Mr. Fissore has served as CEO of the M.T.M. Srl subsidiary, responsible for the full management of the different businesses and divisions, including the subsidiaries located in South America and Asia. Previously he served in the role of General Manager, M.T.M. Srl from October 2014 to July 2016. He has spent most of his career in the alternative fuel industry, developing liquid petroleum gas ("LPG") and compressed natural gas ("CNG") products, technologies, and markets. From 2010 to 2014, Mr. Fissore was General Manager of the CNG Refueling Division of M.T.M. Srl, responsible for the development of the business of CNG compressor and refueling equipment branded Cubogas. In 2007, Mr. Fissore joined Zavoli and became CEO of Zavoli from 2007 to 2010. In 2003, Mr. Fissore joined McCormick Mexico, a subsidiary of Argo Tractors-an Italian company that produces agricultural tractors-and became CEO of McCormick Mexico from 2003 to 2007. From 1997 to 2003, Mr. Fissore was CEO of BRC Argentina and WMTM Brazil. He has a law degree from the University of Turin in Italy and currently also serves as Chairman of M.T.M. Srl (a Westport Fuel Systems company).
Lance Follett is Senior Vice President of Corporate Development, Legal and Intellectual Property. He joined Westport Fuel Systems in 2001 as intellectual property counsel and has worked in a variety of capacities including Vice President of Licensing, Vice President of European Partnerships and Senior Vice President of Corporate Development and Intellectual Property. He assumed his current role in early 2017. He has an extensive background in market development, intellectual property protection and licensing, mergers and acquisitions, and structuring and negotiating international technology deals in the energy, high tech, alternative energy, and automotive space. Mr. Follett is a member of the Law Society of British Columbia and a registered Patent Agent. He holds a B.Sc. (Hons) degree from the University of British Columbia, a J.D. from the University of Victoria and has completed executive programs at Harvard and INSEAD. Prior to joining Westport Fuel Systems, Mr. Follett practiced law at one of Canada’s national law firms where he focused on intellectual property litigation. Prior to his career as a lawyer, he also had a successful career as an acquisition geophysicist. He has lived and worked extensively in North America, Europe, South America, and Asia.
Anders Johansson was appointed Vice President, Heavy-Duty OEM and General Manager, Gothenburg Operations in 2019. Anders leads the core team that is responsible for global heavy-duty operations, OEM partnerships, and customer interface following the successful commercial launch of Westport HPDI 2.0™ in 2018. As Managing Director of Westport AB, he oversaw the development, build, and installation of natural gas fuel systems for Volvo Car Group’s V60, V70, and V90 bi-fuel vehicles at the Westport AB facility in Gothenburg, Sweden. Mr. Johansson joined Westport Fuel Systems in 2011 as part of the Company’s acquisition of Alternative Fuel Vehicles ("AFV") Sweden, an organization he co-founded in 2008. With almost 20 years of extensive experience in the automotive industry, he has held various technical, research, and management roles at Volvo Car Corporation and Ford Motor Company specific to alternative fuel technology. Anders led part of the C1 vehicle platform development; a joint development between Volvo Car, Ford, and Mazda in 2004. He was also part of the first Volvo Car domestic production launch in China at the Changan Ford factory in Chongqing, China in 2007. Mr. Johansson holds a Master of Science Degree from Chalmers University of Technology in Gothenburg, Sweden granted in 2000.
Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2020 and provided an update on operations.
Transaction to Strengthen the Liquidity of Emer S.p.A. in Brescia, Italy
BRC to Supply Systems to the Growing Egyptian Market
Shareholders approved all resolutions presented at the Meeting.
Westport Fuel Systems has also scheduled a conference call for Friday, June 5, 2020 at 10:30am ET (7:30am PT)
Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.
The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.
Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.