Velan Inc. announced that Mr. Martin Allen has been appointed Executive Vice President Manufacturing Operations and Global Supply Chain of the company and he will report to Yves Leduc, President. He succeeds Stephen Cherlet, former Chief Operating Officer (COO), who will be taking on new responsibilities due to health concerns. Martin will be joining Velan on February 1, 2016.

During the last three years, Martin was at Bombardier Inc.-Transportation Division ("BBD.B"), where he successively held the positions of Vice President Supply Chain Americas and Vice President Operations Americas. In this last role, he was responsible for over 3,000 employees working at the four main North American manufacturing plants of Bombardier Transportation. Previously, from 1990 to 2012, Martin worked at Bombardier Recreational Products ("BRP") where, as a member of BRP's management team, he held various positions with ever-increasing responsibilities in operations, supply chain management, and procurement.

Due to health concerns, Stephen Cherlet, Velan's former Chief Operating Officer (COO), has decided to take on new responsibilities within Velan's top management team. His new position, which will be announced when he returns to work, will fully leverage his wealth of experience and knowledge gained in more than twenty years as an important member of the executive team.