Velan has announced the appointment of Benoit Alain as its new Chief Financial Officer, as part of the planned succession of the Company’s finance department. Beginning today as Special Advisor to the CEO, Alain will undertake his official responsibilities as Chief Financial Officer (CFO) on June 1, 2021. He will be a key member of the Company’s Senior Management team and will succeed John Ball, who has been effectively carrying out his mandate as interim Chief Financial Officer since last January. As of June 1, Mr. Alain will report directly to Yves Leduc, CEO, as well as the Chair of the Audit Committee of Velan.
Benoit will assume leadership of Velan’s global finance department, bringing along his complete finance and business leadership experience, which includes having carried out multiple M&A transactions throughout his career. John Ball will continue to act as interim CFO until June 1, and thereafter report to Benoit, resuming his previous role as EVP Global Finance, having previously served as Velan’s CFO for fifteen years.
Yves Leduc, CEO of Velan, said, “On behalf of the Velan Family, the Board of Directors, and all Velan employees, I thank John Ball for his leadership and great support throughout the search process that led to Benoit Alain’s hiring. Benoit arrives at a time when Velan, a global leader with over seventy years of history and one of the strongest brands in our industry, is entering an exciting new phase in its history, focusing on growth. A true team player, he will bolster an already strong team of global senior executives that I am proud to lead, and his presence will immediately fuel our business and strategic aspirations. I welcome him and look forward to working with him to drive our growth while building on our recent successful transformation efforts.”
“I am very proud to join the Velan Family and look forward to collaborating with the management team in the ongoing transformation,” said Benoit Alain.
Image credit: Velan, Benoit Alain