Component of the velvet transcription factor complex that controls sexual/asexual developmental ratio in response to light, promoting sexual development in the darkness while stimulating asexual sporulation under illumination (By similarity). The velvet complex hat acts as a global regulator for secondary metabolite gene expression (PubMed:22227160). Controls the expression of the dothistromin gene cluster (PubMed:22227160). Regulates hyphal growth and pigment formation (PubMed:22227160). Acts as a positive regulator of virulence (PubMed:22227160). Component of the heterotrimeric velvet complex composed of laeA, veA and velB; VeA acting as a bridging protein between laeA and velB (By similarity). Enriched in the nucleus in the dark (By similarity). The C-terminal PEST domain is a region rich in proline, glutamic acid, serine and threonine residues that is required for the light-dependent regulation of development and secondary metabolism (By similarity). Impairs the biosynthesis of secondary metabolites, including dothistromin (PubMed:22227160). Impairs asexual sporulation but shows normal hydrophobicity (PubMed:22227160). Belongs to the velvet family. VeA subfamily.