MONTREAL, April 25,
2024 /CNW/ - Velan Inc. ("Velan") (TSX:
VLN) today announces that its Board of Directors has appointed Mr.
Daniel Desjardins as an independent
director of Velan.
"Mr. Desjardins is an experienced director and lawyer, who
has a background in risk management and international operations
that will enrich our board's skillset and his appointment is in
line with the succession plan. We welcome him to the board with
enthusiasm," commented Mr. James
Mannebach, the Chair and CEO of Velan.
About Mr. Daniel Desjardins
Mr. Daniel Desjardins, Ad.E, is a
member of the Board of Directors of Transat A.T. Inc., the Chair of
its Risk Committee and a member of its Audit Committee since 2022.
Mr. Desjardins was member of the Board of Directors and a member of
the Audit Committee and Independent Committee of Noranda Income
Fund until March 2023, following the
privatization of the Fund. Mr. Desjardins is an accomplished
business lawyer and executive with extensive expertise in business
law, compliance and risk management as well as decades of
experience in financing and complex mergers and acquisitions at
Bombardier Inc., a company with a global footprint. For more than
20 years, until December 2019, Mr.
Desjardins was Senior Vice-President, General Counsel and Corporate
Secretary at Bombardier In this role, he was responsible for legal
affairs, compliance, internal audit, insurance and risk management
for the entire company. From 2018 to January
2021, he served as Chair of the Board of Directors of
Bombardier Transportation. Prior to joining Bombardier, Mr.
Desjardins was a partner at a Quebec law firm for 15 years. He began his
career at National Bank of Canada.
He has been Chair of the Board of the Legal Leaders for Diversity
Trust Fund since 2014 and is Chair of the Board of the
Pointe-à-Callière Museum. Mr. Desjardins has received numerous
professional awards and has twice been named one of Canada's 25 most influential lawyers. In 2017,
the Barreau du Québec awarded him the Advocatus Emeritus
distinction in recognition of his exceptional professional career.
Mr. Desjardins holds a law degree from the Université de Montréal
and a Master of Laws degree from McGill
University.
About Velan Inc.
Founded in Montreal in 1950,
Velan Inc. is one of the world's leading manufacturers of
industrial valves. Velan Inc. is a family-controlled public
company, employing approximately 1,650 people with manufacturing
facilities in 9 countries. Velan Inc. is a public company with its
shares listed on the Toronto Stock Exchange under the symbol
VLN.
Caution Regarding
Forward-Looking Statements
Certain statements made in this news release may constitute
forward-looking information or forward-looking statements within
the meaning of applicable securities laws, including, but not
limited to, statements with respect to the future plans of Velan
and other statements that are not material facts. Often, but not
always, forward-looking statements can be identified by the use of
forward-looking terminology such as "may", "will", "expect",
"believe", "estimate", "plan", "could", "should", "would",
"outlook", "forecast", "anticipate", "foresee", "continue" or the
negative of these terms or variations of them or similar
terminology.
The forward-looking statements included in this news release are
based on our current expectations, projections, estimates and
assumptions. These statements are only predictions, not guarantees.
Such forward-looking statements are subject to numerous risks and
uncertainties that are difficult to predict. These risks and
uncertainties are disclosed in the Company's filings with the
appropriate securities commissions. Should one or more of these
risks or uncertainties materialize, or should assumptions
underlying the forward-looking information prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or
expected.
Readers are cautioned not to place undue reliance on the
forward-looking statements and information contained in this news
release. All forward-looking statements included in this news
release are based on information available to us on the date
hereof, and we assume no obligation to update any forward-looking
statement.
SOURCE Velan Inc.