Vision Marine Technologies Inc. announced Raffi Sossoyan as its new Chief Financial Officer (CFO), effective March 1, 2024. This strategic appointment marks a significant step as Vision Marine gears up for an ambitious phase focused on manufacturing, production, and delivery, underlining the company's dedication to scaling its operations and enhancing its market footprint. Raffi Sossoyan brings a wealth of experience, with over 25 years in global financial and operational leadership.

His recent role as Vice President, Corporate Treasury at Velan Inc., a Canadian multinational company listed on the Toronto Stock Exchange (TSX), where he managed financial operations amidst global sales exceeding USD 370 million. Additionally, his tenure as CFO at Valtech Fabrication Inc., driving worldwide sales beyond USD 50 million, highlights his capacity to spearhead financial growth and success. Vision Marine also expressed deep appreciation to Kulwant Sandher for his outstanding leadership and dedication as the departing CFO.

Mr. Sandher's strategic insights and guidance, particularly during the IPO process and the development of the E-Motion technology, have been critical to Vision Marine's success. His continued role as a consultant will ensure that his expertise remains a valuable asset to the company. With the appointment of Raffi Sossoyan as CFO, Vision Marine Technologies is poised to navigate its next phase of growth with enhanced financial acumen and strategic direction.

This move underscores the company's commitment to leading the shift towards electric propulsion in the marine industry, fostering sustainability, and achieving superior performance through its innovative E-Motion technology.