Tony Guglielmin to step down as Interim
CEO and
remain on Westport's Board of Directors
VANCOUVER, BC, Jan. 16, 2024 /PRNewswire/ -- Westport Fuel
Systems Inc. ("Westport" of the
"Company") (TSX: WPRT) (Nasdaq: WPRT) a leading supplier of
advanced alternative fuel systems and components for the global
transportation industry, today announced Dan Sceli as the Company's new Chief Executive
Officer ("CEO") and a member of the Westport Board of Directors. Dan will join
Westport as incoming CEO effective
immediately, assuming the role from Tony
Guglielmin who has supported Westport's leadership team as Interim CEO
through this transition period.
Dan brings over three decades of experience, marked by exemplary
leadership roles in the global automotive and manufacturing
sectors. Known for his considerable operational expertise, he has a
proven track record of driving profitable growth and enhancing
productivity through adept utilization of technology and
manufacturing excellence. In his most recent position as Board
Member and CEO of Cadillac Products Automotive Company, an
international leader in the plastics converting industry, he
demonstrated visionary leadership, diversified the product
portfolio, and successfully expanded into new markets. Prior to
this, Dan spent 12 years as Chief Executive Officer at Peterson
American Corporation, the largest privately held spring
manufacturer in North America. His
transformative leadership led the company through a significant
strategic overhaul, resulting in sustainable growth and a
significant increase in enterprise value. Dan began his career at
The Woodbridge Group where he advanced to become a member of the
core management team transforming the business from a single
Canadian plant to a global organization with sixty plants and
several joint ventures.
As an industry leader committed to affecting broader change, Dan
held several key roles including Chairman and member of industry
supplier associations Original Equipment Suppliers Association and
Motor & Equipment Manufacturers Association, where he shaped
industry standards and practices. As part of this work, Dan
participated in high level discussions in Washington, D.C. focused on supporting the
automotive industry during the 2008 financial crisis.
"Dan is an entrepreneurial leader. His experience building
strategy and driving change and transformation in the automotive
and manufacturing sectors along with his insight into the global
OEM market position him as the optimal candidate to lead
Westport's next stage of growth.
His distinctive leadership approach, coupled with a proven track
record in executing against a vision, strategic planning and
operational excellence will position Westport to generate value for all
stakeholders. The Board and I enthusiastically welcome Dan as our
new CEO," said Dan Hancock, Chair of
Westport's Board of Directors.
"I am privileged to join the Westport family as we navigate towards a
future of strategic growth, operational excellence, and sustained
value creation. Our focus on innovation while maintaining financial
prudence aims to unlock opportunities and deliver strong returns as
we continue to accelerate decarbonization by providing our
customers with sustainable and affordable transportation solutions
that address the global climate crisis," said Dan Sceli. "Thanks to the Board of Directors for
their confidence. Over the past three decades I have consistently
pursued excellence and I look forward to collaborating with the
Westport leadership team to build
on our successes and lead us into the next chapter."
Tony Guglielmin will continue as
a member of the Westport Board of
Directors.
About Westport Fuel Systems
At Westport, 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, we think ahead. For more
information, visit www.wfsinc.com.
Contacts: Westport Media Relations, NA T: +1 947-339-8097,
EUROPE T: +39 337-144-8438,
E: media@wfsinc.com; Westport Investor Relations, T: +1
604-718-2046, E: invest@wfsinc.com
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