Velan, the Montreal-based manufacturer of industrial valves, has announced the appointment of James Mannebach as interim chief executive officer. Mannebach will be taking over from outgoing CEO Bruno Carbonaro. The sudden resignation of Carbonaro has not been accompanied by any reasons for his departure.
A Board Member Taking the Helm
James Mannebach has been a director at Velan since 2018 and has served as the chair of the board since 2020. In addition to his role at Velan, Mannebach is also the CEO of Power-Sonic, a power supply and energy storage solutions provider. He is also the managing partner of Blackbird Group, a private equity investment and management firm. With his extensive experience in various leadership positions, Mannebach is well-equipped to lead Velan during this transitional period.
An Experienced Financial Leader
In another organizational change, Velan has promoted Rishi Sharma to the position of chief financial and administrative officer. Sharma has been with Velan since May last year, initially joining as the chief financial officer. Prior to joining Velan, Sharma had a successful career at Deloitte & Touche starting in 2005. He has also held senior roles at Alstom and Bombardier since 2008.
With these changes in key leadership positions, Velan is poised for continued growth and success in the industrial valves market. The company remains committed to delivering high-quality products and services to its customers while maintaining strong financial and administrative operations.