07122020Sun
Last updateThu, 09 Jul 2020 3pm

Velan Names Réjean Ostiguy Chief Financial Officer

Velan Inc. has appointed Rejean Ostiguy its new CFO. He will be a key member of the company’s senior management team and is succeeding John Ball, who has been effectively carrying out his mandate as CFO since June 1, 2005. Ostiguy will report directly to CEO Yves Leduc.

Rejean Ostiguy, CPA, pursued an impressive career in the finance departments of various industries, namely at Bombardier Recreational Products Inc and more recently at Knowlton Development Corporation. He has held successive senior leadership roles with increasing responsibilities in Finance, where he has gained a deep knowledge and experience in finance and accounting, as well as corporate re-structuring and acquisitions.

Since joining Velan in August 2019, Ostiguy has worked closely with John Ball to transition in his new role. Ball will continue to support the company as executive vice president, global finance, reporting directly to the CEO.


ProMation Engineering, FloTech Providing Actuators to NASA

ProMation Engineering will supply electric actuators to the high-pressure industrial water (HPIW) facility at Stennis Space Center (SSC). The HPIW facility provides cooling water to the largest test stands at SSC during static single or multi-engine testing.

ProMation sales engineers worked closely with NASA personnel to determine the correct configuration of the actuators that will be installed. Once the correct actuators configuration was determined, ProMation worked with a key partner, FloTech Inc., to identify the correct valve and coupler to complete the specification.

ProMation Joins Valve Manufacturers Association

PEI USA LogoProMation Engineering is VMA's newest full member. Based in Brooksvile, FL, the company was founded in 2006. This email address is being protected from spambots. You need JavaScript enabled to view it., general manager, noted that "we have seen our presence in the valve market increase to a point where our brand is becoming more recognized. We work with-as well as compete with--many members of the VMA." He believes one of the best routes to building ProMation's credibility in the industrial flow control market is to join an industry professional group like VMA.

ProMation manufactures, assembles, and designs electric actuators and flow control devices used on valves and dampers in water and wastewater, large heating and cooling facilities, oil and gas production, and industrial processing.

MRC Global President & CEO Lane to Retire at End of Next Year

Andrew Lane announced his plan to retire as president and chief executive of MRC Global effective December 31, 2021. Lane will also resign from the board on that date. Lane has served as a director of MRC Global and president and CEO since September 2008 and was the MRC Global chairman of the board from December 2009 until April 2016, when the positions of chairman of the board and CEO were separated.

Union Tech and Wolseley Industrial Group Announce Distribution Agreement

Union Tech and Wolseley Industrial Group, a division of Ferguson Enterprises, LLC, have signed an agreement for the exclusive distribution of Union Tech’s severe-service metal-seated ball valves (MSBV) and rising-stem ball valves (RSBV) throughout the Western U.S.

The MSBV products include:

  • Z1 Unibody Power Valve – One-piece metal-seated ball valve engineered for clean steam severe-service (high-pressure, high-temperature) environments, including power generation and critical on/off applications
  • Z2 Two-Piece Isolation Valve – Two-piece metal-seated ball valve engineered for severe-service environments for use in customized and critical applications, including chemical/petro-chemical, refining, power, and mining processes
  • Z3 Power Valve System – Consists of a modified Z1 valve and a pair of end connections and enables inline replaceability, which eliminates the need to cut-out existing and weld-in replacement valves, while retaining all features of the Z1 Unibody Power Valve

The RSBV products include:

  • Z4 Rising Stem Ball Valve – Employs a “tilt-and-turn” design enabling frequent cycling, zero leakage, and low torque operation. The valve is engineered for high performance applications requiring frequent cycling with positive shutoff, such as molecular sieve systems for switching service, and gas transmission  

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