Velan announces changes to its board

Velan Inc. (Velan) announced that Mr James Mannebach has been appointed Chairman of the Board. The outgoing Chairman of the Board, Tom Velan, will continue to serve as a director of the company. Mr Mannebach who joined the board in 2018 is the first independent Chairman of the company. He has extensive experience in the valve and flow control industry having worked in senior leadership positions at Emerson Process Management (Xomox, Fisher Controls, Micro Motion, and Rosemont), Roper Technologies, and IMI. 
Rob Velan has been appointed Vice-Chairman of the Board as the Velan family continues to move from the second-generation leadership to third-generation and independent leadership. Rob has served on the board since 2013 and is the Executive Vice-President of MRO and Aftermarket, one of the company’s strategic business units.
Bill Sheffield has been appointed Chair of the Audit Committee; a position previously held by James Mannebach. Bill Sheffield was previously Lead Director, a position that is no longer required due to the appointment of an independent Chairman. Bill was also the Chair of the Corporate Governance and Human Resources Committee. Dahra Granovsky is now the Chair of the Corporate Governance and Human Resources Committee.
Tom Velan, who has been a director since 1976 and Chairman since 2015, will, in addition to being a director, serve as an advisor to the Chairman, CEO, and President and work on various matters at their request. Tom will also continue to be involved with some of the subsidiary companies.
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