was also elected to the board of directors of the company. Mr. Leduc who was hired in January 2015 as President has become the first non-Velan family member to lead the valve manufacturing company that was founded in 1950.Velan Inc. announced the completion of its CEO succession plan with the appointment of Yves Leduc as CEO. Mr. Leduc
Mr. Tom Velan who has retired from his CEO position, will continue to serve as Chairman of the Board. Mr. Velan has worked for the company for 44 years, the last 14 years as the leader of the company. He has also served as a director for 40 years of which the last 20 years has been as a public company.