NORCROSS, GA — LED display manufacturer NanoLumens has appointed Dr. Donald E. Panoz to the position of Chairman of the Board. Panoz has had a 50-year career of major entrepreneurial successes in fields as far ranging as pharmaceuticals, world-class resorts, motorsports and wine.
More details from NanoLumens (http://www.nanolumens.com)
NORCROSS, GA — Moving strategically to prepare for the next critically important stage of its growth, NanoLumens announced the appointment of Dr. Donald E. Panoz to the position of Chairman of the Board.
Starting in 1960 when he co-founded Mylan Laboratories, Panoz has had a 50-year career of major entrepreneurial successes in fields as far ranging as pharmaceuticals, resorts, motorsports and wine. After establishing Mylan Laboratories, he founded Elan Pharmaceuticals, the company that created the transdermal method of medication delivery — the technology that led directly to the development of the nicotine patch. In 1985 Dr. Panoz took Elan Pharmaceuticals public and thereafter set Wall Street records with three consecutive years of 100 percent profit growth.
Following his success in the pharmaceutical industry, Panoz turned his attention to developing world-class resorts including the five-star Chateau Elan Winery & Resort in Atlanta; the St. Andrews Bay Golf Resort & Spa in St. Andrews, Scotland; and the Diablo Grand Winery & Resort, Patterson, CA.
Not content with revolutionizing two major industries, Dr. Panoz next turned to motorsports, joining forces with his son Daniel to create Panoz Auto Development, developer of the critically acclaimed Panoz Esperante high-performance sports car—a winner at Sebring and American Le Mans in 2006. Their success on the racetrack led to Panoz’s founding of the American Le Mans Series, now the leading sports car series in the world.
“We are pleased to welcome Don, an early investor and board member, as our new Chairman of The Board,” said NanoLumens President/CEO Rick Cope. “His 50 years of success in taking start up companies in multiple industries to positions of global market success is one of the great track records in American business history. We are honored to have Don take a leadership role at this critically important juncture in our history. His experience, vision and acute business acumen will play a major role in helping us to achieve our long-term growth objectives.”
For his part, Dr. Panoz noted that, “Every once in a great while, a truly unique company with groundbreaking technology comes to market with the opportunity to forever change the rules of the game. NanoLumens is that company in the field of 21st century digital signage solutions. Their core technology, coupled with their innovative design and engineering teams, is rapidly redefining how people communicate with one another. I am proud to be a part of this young American business success story.”
