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Velan Inc. (VLN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
5.65+0.29 (+5.41%)
As of 01:02PM EDT. Market open.

Velan Inc.

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

Sector(s)Industrials
IndustrySpecialty Industrial Machinery
Full Time Employees1,626

Key Executives

NameTitlePayExercisedYear Born
Mr. James A. Mannebach BSBA, CPA, M.B.A.Interim CEO & Chairman264.63kN/A1960
Mr. Rishi SharmaChief Financial & Administrative Officer518.88kN/AN/A
Ms. Sabine BruckertExecutive VP of Human Resources, General Counsel & Corporate Secretary449.43kN/AN/A
Mr. Duke TranExecutive VP & GM of Severe Service581.88kN/AN/A
Bryant HoltExecutive Vice-President & GM - MRO540.13kN/AN/A
Mr. A. Karel VelanFounder and Chairman Emeritus338.19kN/AN/A
Mr. Shane VelanChief Information OfficerN/AN/AN/A
Mr. Daniel VelanVice-President of MarketingN/AN/AN/A
Mr. Paul DionSenior Vice-President of Sales, Process IndustriesN/AN/AN/A
Mr. John D. BallExecutive Vice President of Global Finance556.84kN/AN/A
Amounts are as of December 31, 2023 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 also 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. is 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.