EWING, N.J. - Universal Display (NASDAQ:OLED) Corporation (NASDAQ:OLED), a key player in the development of organic light-emitting diode (OLED) technologies, has announced the appointment of Dr. Nigel Brown and Dr. Joan Lau to its Board of Directors as of March 4, 2024. The addition of these two new members brings the total number of board members to ten.
Steven V. Abramson, President and CEO of Universal Display, welcomed the new directors, highlighting Dr. Brown's business innovation, technical knowledge, and strategic planning expertise, as well as Dr. Lau's scientific and business acumen. The company anticipates that the extensive backgrounds of both in research and development and their experience with growth companies will bolster the board's capabilities as it navigates opportunities within the global OLED market.
Dr. Brown, with over 25 years in the pharmaceutical, biotechnology, and contract research industries, is the Founder and CEO of Princeton Healthcare Advisory, LLC. He also serves as an Advisor for Rothschild & Co. and Five Arrows Managers LLP. His previous roles include General Partner for Trevi Health Capital and board membership at Inotiv, Inc. (NASDAQ:NOTV).
Dr. Lau brings over two decades of biopharmaceutical, biotechnology, and R&D leadership experience. She is the Co-Founder and CEO of Spirovant, a gene therapy company, and an Adjunct Professor and Trustee at the University of Pennsylvania. Dr. Lau's past positions include co-founding and serving as Managing Partner at Militia Hill Ventures and CEO roles in several biotech companies. She also serves on the boards of Brandywine Realty Trust (NYSE:NYSE:BDN) and Rockwell Medical, Inc. (NASDAQ:RMTI).
Universal Display Corporation, founded in 1994, holds over 6,000 patents worldwide related to OLED technologies and materials. The company's proprietary UniversalPHOLED technology and materials are considered essential for manufacturing high-performance OLEDs. Universal Display provides licensing, materials, and technology development services to its clients and partners.
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