WPRT.TO - Westport Fuel Systems Inc.

Westport Fuel Systems Inc.

1750 West 75th Avenue
Suite 101
Vancouver, BC V6P 6G2
Canada
604-718-2000
https://wfsinc.com

Sector(s): Consumer Cyclical
Industry: Auto Parts
Full Time Employees: 1,820

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David M. Johnson	CEO & Director	969.85k	N/A	1967
Mr. William Edward Larkin	Chief Financial Officer	1.23M	N/A	1970
Mr. Nicola Cosciani	Exec. VP of Global Operations	413.8k	N/A	N/A
Mr. Lance Garner Follett	Chief Legal Officer & Exec. VP	348.76k	N/A	N/A
Mr. Tim Smith	Exec. VP & Chief of Staff	340.43k	N/A	N/A
Mr. Fabien Redon	CTO & Exec. VP of Product Devel.	N/A	N/A	N/A
Mr. Marco Seimandi	VP of Sales & Marketing	N/A	N/A	1966
Mr. Solomon Samuel	VP of Global HR	N/A	N/A	N/A
Mr. Bart van Aerle	Exec. VP of IAM & LD OEM	N/A	N/A	1973
Mr. Frank Luigi Spiniello	Vice-Pres Fin. Operations	N/A	N/A	N/A

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, the Americas, Asia, Africa, and internationally. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas (LNG), renewable natural gas, and hydrogen; and engages in the light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, and fuel storage activities. The company also provides Westport High Pressure Direct Injection 2.0, a fully integrated LNG fuel systems that enables diesel engines using primarily natural gas fuel to match the power, torque, and fuel economy benefits found in traditional compression ignition engines, which reduces greenhouse gas emissions. Its products and services are used for passenger cars; light-, medium-, and heavy-duty trucks, as well as off-road applications.; and cryogenics and hydrogen applications under the BRC Gas Equipment, Westport HPDI, OMVL, Prins, GFi Control systems, Emer, Zavoli, TA Gas Technology, Valtek, AFS, and STAKO brands. The company was formerly known as Westport Innovations Inc. and changed its name to Westport Fuel Systems Inc. in June 2016. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada.

Corporate Governance

Westport Fuel Systems Inc.’s ISS Governance QualityScore as of June 1, 2023 is 1. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 2; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.