SINGAPORE, June 22 /PRNewswire-Asia-FirstCall/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced
today the appointment of Mr. Boo Guan Saw to its Board of Directors effective
July 1, 2009. Mr. Saw will also be assuming the role of President from the
current President, Mr. Tong Kooi Teo with effect from August 1, 2009. Mr. Teo
will continue as a non-executive director of China Yuchai.
Mr. Saw is a veteran of the automotive industry with 23 years experience
within the Cummins organization as well as at General Motors Corp. His most
recent position was as President of Cummins Westport Inc., a joint venture
between Cummins, Inc. and Westport Innovations, Inc., based in Vancouver,
Canada. Cummins Westport produces heavy-duty natural gas and propane
alternative engines that meet or exceed the most stringent environmental
standards in North America and Europe. As President of Cummins Westport Inc.
from 2005, Mr. Saw was responsible for the worldwide natural gas engine
business. Under his leadership from 2005 to 2008, revenue and profit increased
32% and 65% respectively on a compounded annual growth rate.
From 1989 to 2005, Mr. Saw's responsibilities included general management
and marketing and distribution management for various Cummins entities in the
U.S., Singapore, Hong Kong and China. Between 1986 and 1989, Mr. Saw was a
productivity analyst and production coordinator at General Motors focused on
fastener quality control and process engineering in Flint, Michigan.
Mr. Saw, a Malaysian Federal Government Scholar, received a Master's
degree in Public and Private Management from Yale University, U.S. in 1986 and
a Bachelor of Economics (Hons) in Mechanical Engineering from the University
of Malaya, Malaysia in 1979. Mr. Saw was awarded a Merit Performance Award by
General Motors Corp. and the Calstart Blue Sky Merit Award at Cummins Westport
as well as the Canadian American Business Achievement Award from the Canadian
American Business Council.
Mr. Tong Kooi Teo said, "The Board of Directors of China Yuchai is very
pleased that Boo Guan, a successful industry veteran is joining China Yuchai
as President. We believe that his extensive industry knowledge and management
experience will be invaluable in driving the Company forward during this
difficult economic climate and we look forward to working closely with him to
enhance shareholder value."
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai
Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and
sale of a wide array of light-duty, medium-sized and heavy-duty diesel engines
for construction equipment, trucks, buses, and cars in China. GYMCL also
produces diesel power generators, which are primarily used in the construction
and mining industries. Through its regional sales offices and authorized
customer service centers, the Company distributes its diesel engines directly
to auto OEMs and retailers and provides maintenance and retrofitting services
throughout China. Founded in 1951, GYMCL has established a reputable brand
name, strong research & development team and significant market share in China
with high-quality products and reliable after-sales support. In 2008, GYMCL
sold approximately 372,000 diesel engines and was consistently ranked No. 1 in
unit sales by China Association of Automobile Manufacturers. For more
information, please visit http://www.cyilimited.com
For more information, please contact:
Kevin Theiss / Dixon Chen
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@us.grayling.com
dixon.chen@us.grayling.com
SOURCE China Yuchai International Limited
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