VANCOUVER, BC, Aug. 22, 2023 /PRNewswire/ — Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT), a leading provider of advanced alternative fuel systems and components to the global transportation industry, today announced that David Johnson, CEO, has decided to step down as CEO and will resign from the Board, effective immediately. Tony Guglielmin, a member of Westport’s board of directors and chairman of the Audit Committee, will serve as interim CEO until a replacement is identified. Bill Larkin, our chief financial officer, and Lance Follett, our chief legal officer, will assume expanded roles during the transition period.
Johnson joined Westport in 2019 and during his tenure was charged with advancing the company’s strategic focus, including expanding the use of alternative fuels 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, took the HPDI H2 fuel system from idea to reality with demo trucks on the roads today, and introduced multiple programs H2 current HPDI currently in various stages of testing and development. This outstanding progress led to the recently announced letter of intent to form 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 I wish him all the best in the future,” said Dan Hancock, Westport Fuel Systems Chairman of the Board. “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 had 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 done together,” Johnson said. “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 improve transportation globally. I will watch with interest as the team continues to meet its ambitious and important objectives for the coming months and years”.
Westport’s board of directors has formed a search committee to conduct and oversee the search for the company’s next CEO. In the meantime, Westport will stay on course in executing our strategy, overseen by Tony Guglielmin, a seasoned cleantech executive and longtime director of Westport.
About Westport Fuel Systems
At Westport Fuel Systems, we drive innovation to power a cleaner tomorrow. We are a leading provider of advanced clean, low-carbon fuel delivery systems and components, such as natural gas, renewable natural gas, propane and hydrogen, to the global transportation industry. Our technology offers 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 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.
Contactos: Westport Investor Relations, T: 1 604-718-2046, E: invest@wfsinc.com; Westport Media Relations, T: 1 947-339-8097, E: media@wfsinc.com
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