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Westport Fuel Systems Appoints New Director

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Westport Fuel Systems has appointed Philip Hodge to its Board of Directors, effective January 25, 2022. With over 30 years of experience in various sectors such as corporate law, investment banking, and alternative energy technology, Hodge previously led Westport Innovations and has been a director at Pine Cliff Energy since 2012. His extensive background includes roles in business development and legal functions, specifically in the oil and gas sector. This strategic addition aims to bolster Westport's leadership in clean fuel technology.

Positive
  • Appointing Philip Hodge brings over 30 years of experience in corporate law and alternative energy.
  • Hodge's past leadership at Westport Innovations enhances continuity and expertise in clean fuel technology.
Negative
  • None.

VANCOUVER, British Columbia , Jan. 25, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced the appointment of Philip Hodge to the company’s Board of Directors, effective January 25, 2022.

“We are pleased to welcome Mr. Hodge to the Board of Directors at Westport Fuel Systems,” said Daniel Hancock, Chair of the Board. “Phil brings a wealth of experience to the Company as a public company executive, leader and corporate director with over 30 years of work experience spanning corporate legal practice, international business, investment banking, and mergers and acquisitions. He also has a deep background in alternative energy technology from his prior experience at Westport Innovations Inc. serving as a Board Director from 2012 to 2016 and his roles leading the China Business Unit and the legal function earlier in his career.”

Mr. Hodge is the founder and current President, Chief Executive Officer and Director of Pine Cliff Energy (TSX: PNE), a TSX-listed junior oil and gas company, since 2012. He also currently serves as a Board Director of the Explorers and Producers Association of Canada.

Prior to Pine Cliff Energy, Mr. Hodge served as Vice President of Business Development, Acquisitions and Divestments at Penn West Exploration, one of the largest conventional oil and gas producers in North America. Mr. Hodge was a Managing Director at Mackie Research Capital Corporation and J.F. Mackie & Co., Calgary-based investment banks. From 2000 to 2006, Mr. Hodge was Senior Vice President and General Counsel of Westport Innovations Inc. where he was responsible for legal, corporate governance, strategic partnership, and corporate development functions, as well as the formation and growth of the company's business in China. Prior to 2000, Mr. Hodge was a partner at Bennett Jones LLP, a Canadian national law firm, practicing in that firm's securities and mergers and acquisitions teams in its Calgary office.

About Westport Fuel Systems

Westport Fuel Systems is driving innovation to power a cleaner tomorrow. The company is 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. Westport Fuel Systems’ 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, the company serves customers in more than 70 countries with leading global transportation brands. For more information, visit www.wfsinc.com.

Investor Inquiries:
Christian Tweedy
Investor Relations
T: +1 604-718-2046
E:  invest@wfsinc.com 


FAQ

What is the significance of Philip Hodge's appointment to Westport Fuel Systems?

Philip Hodge's appointment to Westport's Board is significant as he brings over 30 years of industry experience, which may enhance the company's strategic direction, especially in clean fuel technologies.

When did Philip Hodge join the Board of Directors at WPRT?

Philip Hodge officially joined the Board of Directors at Westport Fuel Systems on January 25, 2022.

What experience does Philip Hodge have that benefits WPRT?

Hodge has extensive experience in corporate practice, investment banking, and alternative energy, having previously served in key roles at Westport Innovations and Pine Cliff Energy.

How might Hodge's appointment impact WPRT's future?

Hodge's background in alternative energy and previous experience with Westport Innovations could positively impact the strategic initiatives and innovations at Westport Fuel Systems.

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