VANCOUVER, BC Westport Fuel Systems Inc. ("Westport Fuel Systems") (TSX/Nasdaq:WPRT) today announced that Michael Willis has resigned as its Chief Financial Officer.
The Company has commenced a search process to identify a permanent replacement and will name a new Chief Financial Officer in due course. Mr. Willis will remain available to the Company to assist with the transition.
Jim MacCallum, Vice-President, Finance and Corporate Controller, has been named Acting Chief Financial Officer. Mr. MacCallum has led the corporate accounting and treasury functions since joining Westport in 2014. Prior to that he held finance leadership roles at Amica Mature Lifestyles Inc., Absolute Software and Cisco Systems. He holds a BA in Economics from the University of British Columbia and completed the Advanced Management Program at Harvard Business School. Mr. MacCallum is a Chartered Professional Accountant and a Chartered Financial Analyst.
"On behalf of the Company, I would like to thank Mike for his contribution to Westport Fuel Systems. We wish him well with his future endeavors," said David Johnson, Chief Executive Officer of Westport.
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.
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.