Velan announces the appointment of Réjean Ostiguy to the position of chief financial officer

Velan announced as part of the planned succession of the company`s finance department, the appointment of Réjean Ostiguy as its new Chief Financial Officer. He will be a key member of the Company’s Senior Management team and is succeeding John Ball, who has been effectively carrying out his mandate as Chief Financial Officer since June 1, 2005. Mr. Ostiguy will report directly to Yves Leduc, CEO, and the Chair of the Audit Committee of Velan.
Réjean Ostiguy, CPA, pursued an impressive career in the finance departments of various industries, namely at Bombardier Recreational Products (“BRP”) and more recently at Knowlton Development Corporation (“KDC”). He has held successive senior leadership roles with increasing responsibilities in Finance, where he has gained a deep knowledge and experience in finance and accounting, as well as corporate re-structuring and acquisitions. Since his joining the Company in August 2019, Mr. Ostiguy worked closely with John Ball to transition in his new role. Mr. Ball will continue to support the Company as Executive Vice President, Global Finance, reporting directly to Yves Leduc, CEO of Velan Inc. Among other responsibilities, he will be focusing his work on the Company`s overseas subsidiaries.
Yves Leduc, CEO of Velan, said, “On my behalf, on behalf of the Velan Family and all the employees, I thank John Ball for his leadership as Chief Financial Officer. During his fifteen years at Velan, he has been a valued advisor and great collaborator, and played a key role in having our V20 transformation plan approved and set in motion. We are lucky to continue having him with us to benefit from his leadership, experience, and knowledge as Réjean Ostiguy steps in as CFO, succeeding to John. Rejean joined our team last summer, with an impressive track record, deeply relevant to both our business and strategic orientation. In the last months, he demonstrated that his solid reputation as a financial expert in manufacturing industries, a strong leader, and excellent team player, had been well deserved. I look forward to seeing him lead our Finance department, immediately contributing to the success of our Company.”
“I am very proud to join the management team at Velan Inc. and thank John Ball for his impeccable transition. I am looking forward to help drive its future success,” said Réjean Ostiguy.