NFI subsidiaries New Flyer and MCI appoint industry leader Ian Macpherson as Vice President of Engineering Services

St. Cloud, Minnesota, USA – February 13, 2024: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced the appointment of Ian Macpherson as Vice President, Engineering Services for its North American Bus and Coach (NABC) division which encompasses New Flyer, MCI, and other internal fabrication businesses.

Ian will be based out of the New Flyer manufacturing facility in Anniston, Alabama, and will be a member of the NABC Executive Leadership team reporting directly to Chris Stoddart, President, North American Bus and Coach. Ian will be responsible for leading all aspects of product engineering for both New Flyer and MCI, including new product development, testing and validation, production engineering and electrical control systems. Ian will also oversee the installation and commissioning of electric vehicle charging equipment provided by NFI Infrastructure Solutions^™.

“With a proven track record of success in our industry, we are very fortunate to have Ian join the executive leadership team to spearhead innovation and drive sustainable growth,” said Chris Stoddart, President, North America Bus and Coach. “Through Ian’s extensive engineering experience and strong leadership foundation within our company, I am confident in his ability to manage the execution of our technology roadmap while keeping our customers, and their passengers, at the center of everything we do.”

Ian obtained his Bachelor of Mechanical Engineering degree with Honors from the University of Canterbury in Christchurch, New Zealand and brings over 15 years of engineering experience to his new role. Ian previously worked for North American Bus Industries (NABI), which was acquired by New Flyer in 2013. Prior to joining NABI, Ian worked for DesignLine USA where he served as the Director of Engineering. During his career at NFI, Ian has held various leadership positions within the engineering team, including Systems Integration Manager, Chief Engineer of Design, Chief Engineer of Product Improvement, and Director of Production Engineering.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With over 8,500 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer^® (heavy-duty transit buses), MCI^® (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts^™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares are traded on the Toronto Stock Exchange (TSX) under the symbol NFI, its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.com.

About New Flyer

New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior^® and Xcelsior CHARGE^® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

About MCI

MCI is North America’s public and private market motor coach leader. Products include the luxury J Series (an industry best-seller for over a decade), the workhorse D Series, and the brand new zero-emission luxury and commuter coaches: the battery-electric J4500 CHARGE™, D45 CRT CHARGE™, and D45 CRT LE CHARGE™. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (“ASE”) accredited and award-winning MCI Academy.

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Stephen King 
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