By Adriano Marchese
Velan said Wednesday that it has appointed its chair of the board, James Mannebach, as interim chief executive officer to replace outgoing Bruno Carbonaro.
The Montreal-based manufacturer of industrial valves said the Mannebach’s appointment follows the immediate resignation of Carbonaro, but didn’t provide any reasons for his departure.
Mannebach has been a director of Velan since 2018 and the chair of the board since 2020. He is also CEO of power supply and energy storage solutions provider Power-Sonic as well as the managing partner of Blackbird Group, a private equity investment and management firm.
Prior to March 2009, he was group president and CEO of IMI’s precision engineering business, an engineering firm focused on motion and fluid control technologies.
Additionally, Velan has promoted Rishi Sharma to chief financial and administrative officer. He has been Velan’s CFO since May of last year. Rishi began his career in 2005 at Deloitte & Touche, and also held a number of senior roles across Alstom and Bombardier since 2008.
Write to Adriano Marchese at [email protected]
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