published: December 1, 2017
VANCOUVER, BC – Cummins Westport Inc. (“CWI”) today announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. (“Cummins”) (NYSE:CMI) and Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT/NASDAQ:WPRT). The changes are effective as of January 1, 2018.
Changes to the Management Team are:
Board of Directors changes are:
In addition to Ms. Thompson and Mr. Arthurs, the following have been elected to the CWI Board of Directors for a one year term:
Dean Cantrell of Cummins and Thomas Rippon of Westport Fuel Systems have stepped down from the Board.
“The Board of CWI would like to sincerely thank Rob Neitzke and Pervez Akhtar for their strong leadership of the business over the past three years,” said Jim Arthurs, Chairman of CWI. “During that period CWI has sold over 23,000 natural gas engines and continued to successfully penetrate key markets including transit buses, refuse collection trucks and on-highway trucks. CWI has developed and is launching a new range of natural gas engines for 2018 that set new standards for performance and reliability while offering near-zero emissions. The Board would also like to thank Dean Cantrell and Thomas Rippon for their years of service and contribution to CWI. Their financial and engineering expertise will be missed.”
“We welcome Bart van Aerle, Chad Mobley, Timo Lehtiniitty and Jim Mancuso to their new roles with CWI,” stated Lori Thompson, Chairman-elect. “All of them bring excellent skills and experience to the CWI team and we look forward to continued growth and success of the business.”
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are inventors, engineers, manufacturers and suppliers of advanced clean fuel systems and components that can change the way the world moves. Our technology delivers performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality. Headquartered in Vancouver, Canada, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
Cummins Westport Inc. designs, engineers and markets 6–12 liter spark-ignited natural gas engines for North American commercial transportation applications such as trucks and buses. Cummins Westport is a joint venture of Cummins Inc. (NYSE:CMI), a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems, and Westport Fuel Systems Inc. (NASDAQ/TSX: WPRT), a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas. For more information, visit www.cumminswestport.com.
Manager, Investor Relations & Communications
Director, External Communications
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
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Westport Fuel Systems Inc. held its Annual and Special Meeting of Shareholders on Monday, May 7, 2018 in Toronto, Ontario.
Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2018 on Friday, May 11, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, May 11, 2018 at 8:30 am Eastern Time.