Cummins Westport Announces Changes to its Board of Directors and Management Team
December 01 2017 - 11:25AM
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:
- Bart van Aerle has been appointed President of CWI. Mr. Van
Aerle is currently Vice President and Managing Director of Prins
Autogassystemen BV (“Prins”), a Westport Fuel
Systems company headquartered in Eindhoven, the
Netherlands.
- Chad Mobley has been appointed Controller of CWI. Mr. Mobley
was previously Controller of Central Supply Chain Operations of
Cummins.
- Rob Neitzke, President of CWI and Pervez Akhtar, Controller of
CWI will be returning to management positions in Cummins and
Westport Fuel Systems, respectively.
Board of Directors changes are:
- Lori Thompson, Vice President – Marketing and US Diversity
Initiative of Cummins has been elected Chairman of CWI for a three
year term.
- Jim Arthurs, Executive Vice President, Electronics of Westport
Fuel Systems is stepping down as Chairman of CWI upon the
completion of his three year term. Mr. Arthurs will remain on the
Board of Directors.
In addition to Ms. Thompson and Mr. Arthurs, the following have
been elected to the CWI Board of Directors for a one year term:
- Ashoka Achuthan, Chief Financial Officer, Westport Fuel
Systems
- Roe East, Director, Medium Duty/Light Duty Product Management,
Cummins
- Timo Lehtiniitty, Controller – Joint Ventures, Engine Business,
Cummins
- Jim Mancuso, General Manager, GFI Product Line, Westport Fuel
Systems
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.”
About Cummins Westport Inc.Cummins Westport
Inc. designs, engineers and markets 6 to 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:WPRT) (TSX:WPRT), a premier, global company for the
engineering, manufacturing and supply of alternative fuel systems
and components. www.cumminswestport.com
Inquiries:
Westport Fuel Systems Inc.Caroline SawamotoManager, Investor
Relations & CommunicationsPhone: 604-718-2046Email:
Invest@wfsinc.comWeb: www.wfsinc.com
Cummins Inc. Jon MillsDirector - External CommunicationsPhone:
317-610-4244 Email: jon.mills@cummins.comWeb: www.cummins.com
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