Corporate governance relates to the activities of Westport Fuel Systems Board of Directors and Westport Fuel Systems structures, traditions, and processes of leadership and stewardship. It relates to accountability oversight, role definitions, and the assignment of power and responsibilities governing our communications with Shareholders. Corporate governance is about creating a culture of openness among all of our stakeholders. We believe that effective corporate governance is critical to the continued and long-term success of Westport Fuel Systems and contributes to maximized Shareholder value over time.
The document downloads area on the right provide further insight into our corporate governance policies and practices here at Westport Fuel Systems.
Delivers Positive Adjusted EBITDA
Westport Fuel Systems Inc. announced today that it will disclose its financial results for the second quarter ended June 30, 2018 on Thursday, August 9, 2018 after market close.
Westport Fuel Systems Inc. today announced that it has completed the sale of its compressed natural gas compressor business to Snam S.p.A., a leading European gas utility company, for total proceeds of 12.3 million Euro, net of a 500,000 Euro holdback to be released upon fulfillment of an independent audit process to be completed within 30 business days.
Westport Fuel Systems Inc. today announced the appointment of Mike Willis as Chief Financial Officer ("CFO") effective June 11, 2018. Ashoka Achuthan, Westport Fuel Systems current CFO, will step down from his position but continue to serve as an advisor to the leadership team through a transition period.
Revenue Guidance Adjusted to Reflect Sale