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Velan Inc. (VLN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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8.72-0.13 (-1.47%)
At close: 02:11PM EDT

Velan Inc.

7007 Cote de Liesse
Montreal, QC H4T 1G2
514 748 7743

IndustrySpecialty Industrial Machinery
Full Time Employees1,719

Key Executives

NameTitlePayExercisedYear Born
Mr. Bruno CarbonaroCEO, Pres, Acting Exec. VP, GM of Project & Director481.42kN/A1967
Mr. Robert VelanExec. VP, GM of MRO & Aftermarket and Vice ChairmanN/AN/A1971
Mr. John D. BallExec. VP of Global Fin.373.64kN/AN/A
Mr. Duke TranExec. VP & GM of Severe Service Strategic Bus. Unit396.89kN/AN/A
Mr. A. Karel VelanFounder and Chairman EmeritusN/AN/AN/A
Mr. Benoit AlainChief Financial OfficerN/AN/A1964
Sabine BruckertExec. VP of HR, Gen. Counsel & Corp. Sec.N/AN/AN/A
Mr. Daniel VelanVice-Pres of MarketingN/AN/AN/A
Mr. Paul DionSr. Vice-Pres of Sales, Process IndustriesN/AN/AN/A
Mr. Martin AllenExec. VP of Manufacturing Operations & Global Supply ChainN/AN/AN/A
Amounts are as of December 31, 2021 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.


Velan Inc. designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. The company also provides cast and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. In addition, it offers bimetallic and thermodynamic steam traps. The company serves nuclear power, power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater sectors. 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 Montréal, Canada.

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.