Velan Inc.

TSX:VLN Stock Report

Market Cap: CA$341.1m

Velan Management

Management criteria checks 3/4

Velan's CEO is Jim Mannebach, appointed in Oct 2023, has a tenure of 7.75 years. total yearly compensation is $1.01M, comprised of 42.1% salary and 57.9% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth CA$47.41K. The average tenure of the management team and the board of directors is 3.4 years and 5.3 years respectively.

Key information

Jim Mannebach

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage42.14%
CEO tenure2yrs
CEO ownership0.01%
Management average tenure3.4yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

Velan (TSE:VLN) Is Doing The Right Things To Multiply Its Share Price

Mar 20
Velan (TSE:VLN) Is Doing The Right Things To Multiply Its Share Price

Velan Inc.'s (TSE:VLN) Shares Climb 34% But Its Business Is Yet to Catch Up

Feb 10
Velan Inc.'s (TSE:VLN) Shares Climb 34% But Its Business Is Yet to Catch Up

The Return Trends At Velan (TSE:VLN) Look Promising

Dec 07
The Return Trends At Velan (TSE:VLN) Look Promising

Velan (TSE:VLN) Is Looking To Continue Growing Its Returns On Capital

Apr 29
Velan (TSE:VLN) Is Looking To Continue Growing Its Returns On Capital

Here's Why Velan Inc.'s (TSE:VLN) CEO Compensation Is The Least Of Shareholders Concerns

Jul 07
Here's Why Velan Inc.'s (TSE:VLN) CEO Compensation Is The Least Of Shareholders Concerns

Velan's (TSE:VLN) Shareholders May Want To Dig Deeper Than Statutory Profit

May 27
Velan's (TSE:VLN) Shareholders May Want To Dig Deeper Than Statutory Profit

Is Velan (TSE:VLN) Using Too Much Debt?

Feb 26
Is Velan (TSE:VLN) Using Too Much Debt?

Would Shareholders Who Purchased Velan's (TSE:VLN) Stock Three Years Be Happy With The Share price Today?

Jan 22
Would Shareholders Who Purchased Velan's (TSE:VLN) Stock Three Years Be Happy With The Share price Today?

How Much Does Velan's (TSE:VLN) CEO Make?

Dec 18
How Much Does Velan's (TSE:VLN) CEO Make?

Some Velan (TSE:VLN) Shareholders Have Taken A Painful 72% Share Price Drop

Jun 17
Some Velan (TSE:VLN) Shareholders Have Taken A Painful 72% Share Price Drop

CEO Compensation Analysis

How has Jim Mannebach's remuneration changed compared to Velan's earnings?
DateTotal CompensationSalaryCompany Earnings
May 31 2025n/an/a

-US$47m

Feb 28 2025US$1mUS$425k

-US$67m

Nov 30 2024n/an/a

-US$48m

Aug 31 2024n/an/a

-US$10m

May 31 2024n/an/a

-US$26m

Feb 29 2024US$1mUS$215k

-US$32m

Nov 30 2023n/an/a

-US$70m

Aug 31 2023n/an/a

-US$57m

May 31 2023n/an/a

-US$56m

Feb 28 2023US$194kn/a

-US$55m

Nov 30 2022n/an/a

-US$34m

Aug 31 2022n/an/a

-US$32m

May 31 2022n/an/a

-US$23m

Feb 28 2022US$201kn/a

-US$21m

Nov 30 2021n/an/a

US$5m

Aug 31 2021n/an/a

US$10m

May 31 2021n/an/a

-US$320k

Feb 28 2021US$99kn/a

US$3m

Nov 30 2020n/an/a

-US$9m

Aug 31 2020n/an/a

-US$19m

May 31 2020n/an/a

-US$12m

Feb 29 2020US$69kn/a

-US$16m

Nov 30 2019n/an/a

-US$4m

Aug 31 2019n/an/a

-US$3m

May 31 2019n/an/a

-US$7m

Feb 28 2019US$50kn/a

-US$5m

Compensation vs Market: Jim's total compensation ($USD1.01M) is above average for companies of similar size in the Canadian market ($USD545.89K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Mannebach (65 yo)

2yrs
Tenure
US$1,008,438
Compensation

Mr. James A. Mannebach, also known as Jim, BSBA, MBA, CPA, served as Independent Chairman at Velan Inc. since October 8, 2020 until October 10, 2023 and served as its Interim CEO since October 10, 2023 unt...

Leadership Team

NamePositionTenureCompensationOwnership
James Mannebach
CEO & Chairman2yrsUS$1.01m0.014%
CA$ 47.4k
Rishi Sharma
Chief Financial & Administrative Officer2.4yrsUS$715.93kno data
Laurent Pefferkorn
Executive Vice President of Global Sales1.6yrsUS$491.84kno data
Duke Tran
Executive VP of Product Innovation and Technology6.8yrsUS$487.99kno data
A. Velan
Founder & Chairman Emeritusno dataUS$328.88kno data
Shane Velan
Chief Information Officerno datano datano data
Daniel Velan
Vice-President of Marketing10.8yrsno datano data
John Ball
Executive Vice President of Global Finance4.3yrsUS$449.68kno data
Luca Marianetti
Chief Executive Officer of Velan ABV SPA and President of Velan ABV SPA no dataUS$353.19kno data
Frédéric Segault
President of Segault SASno dataUS$281.91kno data
Liam Turner
VP of Legal Services & Corporate Secretaryno datano datano data
Jose Rodrigues
General Manager of Velan Valvulas Industriais Ldano dataUS$279.41kno data
3.4yrs
Average Tenure

Experienced Management: VLN's management team is considered experienced (3.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
James Mannebach
CEO & Chairman7.8yrsUS$1.01m0.014%
CA$ 47.4k
A. Velan
Founder & Chairman Emeritus10.4yrsUS$328.88kno data
Daniel Desjardins
Independent Director1.5yrsUS$84.33k0.0093%
CA$ 31.6k
Suzanne Blanchet
Independent Director4.3yrsUS$96.34k0.014%
CA$ 47.4k
Ivan Velan
Director5.3yrsUS$56.00k0.015%
CA$ 52.7k
Peter Velan
Director3.3yrsUS$56.00k1.51%
CA$ 5.1m
Thomas Velan
Director49.8yrsUS$101.48k0.034%
CA$ 115.9k
Edward Kernaghan
Independent Director4.3yrsUS$93.91k5.96%
CA$ 20.3m
Robert Velan
Vice Chairman12.3yrsno datano data
5.3yrs
Average Tenure
69yo
Average Age

Experienced Board: VLN's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 11:21
End of Day Share Price 2025/10/03 00:00
Earnings2025/05/31
Annual Earnings2025/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Velan Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Claude ProulxBMO Capital Markets Equity Research