Velan Inc. (VLN.TO)

9.71 +1.06 (+12.25%) At close: 03:59PM EDT

Velan Inc.

7007 Cote de Liesse
Montreal, QC H4T 1G2
Canada
514-748-7743
https://www.velan.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full Time Employees: 1,618

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. James A. Mannebach BSBA, CPA, M.B.A.	CEO & Chairman	1.06M	N/A	1960
Mr. Rishi Sharma	Chief Financial & Administrative Officer	701.47k	N/A	N/A
Ms. Sabine Bruckert	Executive VP of Human Resources, General Counsel & Corporate Secretary	443.51k	N/A	N/A
Mr. Bryant Holt	Vice-President Sales & Global MRO	447.43k	N/A	N/A
Mr. Duke Tran	Executive VP, Product Innovation and Technology	496.13k	N/A	N/A
Mr. A. Karel Velan	Founder & Chairman Emeritus	338.19k	N/A	N/A
Mr. Shane Velan	Chief Information Officer	N/A	N/A	N/A
Mr. Daniel Velan	Vice-President of Marketing	N/A	N/A	N/A
Mr. John D. Ball	Executive Vice President of Global Finance	556.84k	N/A	N/A
Laurent Pefferkorn	Executive Vice-President & GM of Project - SBU	N/A	N/A	N/A

Amounts are as of December 31, 2024 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

Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service. It provides cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; cast and small forged hydrofluoric acid valves; bimetallic and thermodynamic steam traps; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. The company serves nuclear power, power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater industries. It primarily sells its products through independent third-party distributors and sales agents. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montreal, Canada. Velan Inc. operates as a subsidiary of Velan Holding Co. Ltd.

Corporate Governance

Velan Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

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.