On September 29, 2017, lost its founder and long-time leader. A.K. Velan passed away peacefully in his sleep at the Montreal General Hospital where he was being treated for complications related to pneumonia. He was just a few months short of his 100th birthday.
Mr. Tom Velan who has retired from his CEO position, will continue to serve as Chairman of the Board. Mr. Velan has worked for the company for 44 years, the last 14 years as the leader of the company. He has also served as a director for 40 years of which the last 20 years has been as a public company.
February 8th 2017 Mr. A.K. Velan, Founder of the company, turned 99.