Ivan Velan is retiring from his position

In a letter to the Investors, Velan’s president Yves Leduc announced today that many changes will happen in the historically family-lead Velan, Inc.. Ivan Velan, Director since 1971 and Vice President since 2003, will retire from his role, assuming the lighter position of President Advisor, “Ivan will lead key projects, share his wealth of experience in supporting the management team, and continue representing the company with our customers and in the industry” Leduc wrote. Also the entire Velan family will assume new positions in the management team: Rob Velan becomes VP Customer Services and Distribution, Dan Velan becomes VP Marketing and Product Strategy, Shane Velan becomes Director, Strategic Planning and Information Technology, while Wolfgang Maar becomes EVP Global Sales and International Operations and Martin Allen joined Velan’s management team on February 1 as new EVP Manufacturing Operations and Global Supply Chain.