Westport Appoints New Chief Financial Officer
Published: January 25, 2010
VANCOUVER,BC–Westport Innovations Inc. (TSX:WPT/ NASDAQ:WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today announced the appointment of Bill Larkin as Chief Financial Officer (CFO) of Westport effective February 15, 2010.
Prior to joining Westport, Mr. Larkin served as Chief Financial Officer of Fuel Systems Solutions, Inc. (FSYS) from May 2008 to May 2009, and corporate controller and chief accounting officer of FSYS from November 2006 to May 2008. Prior to that, Mr. Larkin served as director of financial reporting at Standard Pacific Corp and as an auditor at Deloitte & Touche LLP, based in Los Angeles. Most recently, Mr. Larkin served as Interim Chief Financial Officer for DDi Corp., a publicly listed manufacturer of circuit boards, beginning October 2009. Mr. Larkin earned a Bachelor of Science degree in accounting from theUniversityofSouthern Californiaand is a certified public accountant.
“With his financial experience in the technology and alternative fuel industries, Bill will be a real asset toWestport,” said David Demers, CEO of Westport Innovations Inc. “We are delighted to welcome him to theWestportteam.”
As announced in August 2009, Elaine Wong,Westport’s CFO since 2003, will become Executive Vice President, Strategic Development, focusing on strategic growth and investment opportunities and organizational effectiveness and transformation. In addition, Darren Seed has been promoted to the position of Vice President, Investor Relations and Communications to build Westport’s recognition as a global leader in alternative fuel technology and natural gas products in the investment community and automotive and energy sectors. With a market window emerging for clean technology transportation solutions,Westportis focusing on building awareness for its products and being well positioned to take advantage of opportunities to accelerate growth and profitability.
About Westport
Westport, a division of Westport Fuel Systems Inc., engineers the world’s most advanced natural gas engines and vehicles. We work with original equipment manufacturers worldwide from design through to production, creating products to meet the growing demand for vehicle technology that will reduce both emissions and fuel costs. To learn more about our business, visit www.westport.com, subscribe to our RSS feed, or follow us on Twitter @WestportDotCom.
Cautionary Note Regarding Forward Looking Statements
This document contains forward-looking statements, including statements regarding the demand for our products, the future success of our business and technology strategies, investment, cash and capital requirements, intentions of partners and potential customers, the performance and competitiveness of our products and expansion of product coverage, future market opportunities, speed of adoption of natural gas for transportation, growth in demand as a result of new emission standards and terms of future agreements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and assumptions include risks and assumptions related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, global government stimulus packages, the acceptance of natural gas vehicles in fleet markets, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the sufficiency of bio methane for use in our vehicles, the development of competing technologies as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward looking statements except as required by National Instrument 51-102.
More Information
Westport Fuel Systems
(Investor Inquiries)
Christine MarksInvestor Relations
T 604-718-2046
invest@wfsinc.com
https://www.wfsinc.com