VANCOUVER, BC, Aug. 21,
2023 /CNW/ - Westport Fuel Systems Inc. (TSX: WPRT)
(Nasdaq: WPRT), a leading supplier of advanced alternative fuel
systems and components for the global transportation industry,
announced today that David Johnson,
Chief Executive Officer has decided to step down as chief executive
officer and will resign from the Board, effective immediately.
Tony Guglielmin, who serves on the
Westport Board and as Chair of the
Audit Committee, will act as interim CEO until such time that a
replacement is identified. Bill
Larkin, our chief financial officer and Lance Follett, our chief legal officer will both
be taking on expanded roles during the transition period.
Mr. Johnson joined Westport in
2019 and during his tenure was charged with advancing the strategic
focus of the company, including expansion of alternative fuel usage
in transportation, including hydrogen. In addition to leading the
company through the challenges of the pandemic, he led the growth
of the HPDI 2.0 and LPG businesses, brought the H2 HPDI
fuel system from an idea to reality with demonstrator trucks on the
road today as well as introduced multiple H2 HPDI
programs currently in various stages of testing and
development. This outstanding progress led to the recently
announced letter of intent to enter a joint venture with Volvo to
further accelerate the adoption of Westport's HPDI fuel system.
"On behalf of the Board, I would like to thank David for the
progress and results Westport has
achieved under his leadership, and wish him all the best in the
future," said Dan Hancock, Board
Chair of Westport Fuel Systems. "I have the utmost confidence in
the future of Westport, and we
remain focused on creating a better world through innovative energy
solutions. As we transition to Tony's leadership, our priorities
remain unchanged, and our team remains dedicated."
"I am grateful to have been given the opportunity to lead
Westport and it has been a
privilege to work with such a talented and innovative team. I am
proud of the work we have accomplished together," said Mr. Johnson.
"I truly believe in Westport's
vision and with the continued development of the H2 HPDI
fuel system and the recently announced joint venture with Volvo,
Westport is poised to dramatically
advance transportation globally for the better. I will watch
with interest as the team continues to meet its ambitious and
important goals over the coming months and years."
Westport's Board has formed a
search committee to conduct and oversee a search for the company's
next CEO. In the interim, Westport
will maintain its course in executing our strategy, overseen
by Tony Guglielmin, a seasoned cleantech executive and
long-time director of Westport.
About Westport Fuel
Systems
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 transportation 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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SOURCE Westport Fuel Systems Inc.