BRIEF-Velan says Yves Leduc to become President and CEO of Co

Tue Jul 12, 2016 3:03pm EDT
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July 12 (Reuters) - Velan

* Tom velan, chairman of board and chief executive officer announced his plan to retire from his ceo position

* Velan inc says yves leduc, who is currently president of company, will become president and ceo

* Tom velan will continue to be chairman of board Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)