VANCOUVER, BC – Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) announced today that Mariano Costamagna has stepped down from the Board of Directors while continuing in his ambassador role with the company. Mariano Costamagna was Fuel Systems’ chief executive officer from January 2005 to May 2016. Upon the closing of the merger, he joined the Board of Westport Fuel Systems and began his role as ambassador, both effective June 1, 2016.
“I would like to thank Mariano Costamagna for his guidance and expertise while serving on the Board during the initial transition period and integration of two alternative fuel system market leaders,” said Warren Baker, Chairman of the Board. “With over 30 years of experience in the alternative fuels industry, we are glad to have his continued support through his role as ambassador, reporting directly to the Chief Executive Officer,” he added.
Mr. Costamagna’s Board resignation is effective from today, Monday, January 9, 2017.
The Westport Fuel Systems eight-person board currently consists of: Warren J. Baker (non-executive chairman), Nancy Gougarty (Chief Executive Officer), Brenda J. Eprile, Anthony Harris, Colin S. Johnston, Scott Mackie, Rodney Nunn, and Peter Yu.
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, 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.
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