VANCOUVER, BC – Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), engineering the world’s most advanced natural gas engines and systems, announced today that Westport held its Annual and Special Meeting yesterday in Vancouver, British Columbia with shareholders approving all resolutions presented.
The returning board members re-elected are Warren J. Baker (96% in favour), M.A. (Jill) Bodkin (96% in favour), Joseph P. Caron (96% in favour), David R. Demers (96% in favour), Brenda J. Eprile (96% in favour), Philip B. Hodge (96% in favour), Dezsö J. Horváth (96% in favour), Douglas R. King (96% in favour), and Gottfried (Guff) Muench (96% in favour). John Beaulieu, Chairman Emeritus, did not stand for re-election to the Board of Directors. Douglas G. Pearce, former Chief Executive Officer and Chief Information Officer of the British Columbia Investment Management Corporation (bcIMC), has been elected to join the Board of Directors as a new director (96% in favour).
Doug Pearce has over 35 years of experience in financial management and capital markets. Mr. Pearce was previously the founding Chief Executive Officer and Chief Information Officer of bcIMC from 1999 until his retirement in 2014 and also led bcIMC’s predecessor as Director of Investments from 1988. Mr. Pearce was responsible for the safety of bcIMC’s globally diversified portfolio under management which demanded his sound investment judgment and a socially responsible perspective while growing the portfolio from C$9.4 billion in 1988 to C$114 billion by 2014. Mr. Pearce brings to the Board of Directors at Westport proven leadership skills in strategy development, risk management, and strong governance practices. Mr. Pearce has a Bachelor of Commerce from the University of Calgary, has completed executive education programs at Harvard Business School and the London School of Business, and holds an ICD.D designation from the Institute of Corporate Directors in Canada.
In addition to the election of directors, resolutions included the appointment of Deloitte LLP as auditors for Westport (99% in favour) and the approval of certain amendments to the Westport’s Omnibus Incentive Plan (79% in favour).
The resolutions are fully described in the Management Information Circular of the Company dated March 11, 2015, which can be found in the Financials section of the Westport website. For further insight into our corporate governance policies and practices at Westport, visit the Corporate Governance section of the Westport website.
Furthermore, Westport announced that the Board of Directors has appointed Salman Manki as General Counsel and Corporate Secretary of Westport.
About Westport Fuel Systems
At Westport Fuel Systems, 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 automotive 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 Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.