Donald E. Panoz is a serial entrepreneur who has excelled in the pharmaceutical, wine-making, hospitality, motorsports, and water treatment sectors.
Panoz served in the US Army and attended Greenbrier Military Academy, Duquesne University, and University of Pittsburgh. While at Duquesne, he operated two drugstores.
In 1960, Panoz co-founded and was President of Milan Pharmaceuticals (Mylan Laboratories), during which he headed a research team that invented the transdermal patch. He sold his interest in 1969 and relocated with his family to Ireland. In Ireland, Panoz launched Elan Corporation, which became a leader in drug-delivery technology and products, including the nicotine patch. Elan went public in 1985, becoming the first Irish company listed on the US Stock Exchange and setting records with four consecutive years of 100 percent profit growth.
Panoz returned to the United States in 1980 and began building luxury resorts. Chateau Elan Winery & Resort, in Georgia, opened in 1992. He went on to develop St. Andrews Bay Resort & Spa in Scotland and Diablo Grande Winery & Resort in California. Next, Panoz partnered with his son Danny to establish Panoz Motor Sports and to acquire the American Le Mans Series. More recently, he co-founded HydroMentia, a water pollution control technology firm.
Panoz also serves as Chairman of Elan Motor Sports Technologies, Fountainhead Development, L'Auberge International Hospitality, NanoLumens, Ridgewood Hotels, and SICOR.