Donald Panoz ( or ; February 13, 1935 – September 11, 2018) was an American

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

who founded various

pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and re ...

companies.

Early life

Panoz was an

Italian-American Italian Americans ( it, italoamericani or ''italo-americani'', ) are Americans who have full or partial Italian ancestry. The largest concentrations of Italian Americans are in the urban Northeast and industrial Midwestern metropolitan areas, w ...

. His father, Eugene Panunzio, immigrated to the United States from

Avezzano Avezzano ( or ; nap, Avezzàne, label=Neapolitan language, Marsicano ) is a city and ''comune'' with a population of 40,819 inhabitants, situated in the Abruzzo region, province of L'Aquila, Italy. It is the second most populous municipality in th ...

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

in the 1900s. Eugene, who shortened his surname from the original ''Panunzio'' to ''Panoz'', was a champion

featherweight Featherweight is a weight class in the combat sports of boxing, kickboxing, mixed martial arts, and Greco-Roman wrestling. Boxing Professional boxing History A featherweight boxer weighs in at a limit of . In the early days of the division, this ...

boxer Boxer most commonly refers to: * Boxer (boxing), a competitor in the sport of boxing *Boxer (dog), a breed of dog Boxer or boxers may also refer to: Animal kingdom * Boxer crab * Boxer shrimp, a small group of decapod crustaceans * Boxer snipe ee ...

. Panoz attended

Greenbrier Military School The Greenbrier Military School was a boys-only, private, military, boarding high school and Junior College, located in Lewisburg, West Virginia. The school was founded in 1812 and closed in 1972, when the campus was converted into the West Virgin ...

Lewisburg, West Virginia Lewisburg is a city in Greenbrier County, West Virginia, United States. The population was 3,930 at the 2020 census. It is the county seat of Greenbrier County. Geography Lewisburg is located approximately one mile north of the Greenbrier River. ...

, where he met Nancy, whom he would later marry. The two both served in

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

with the

United States Army The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, cla ...

, then moved to

Pittsburgh Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Wester ...

upon their return to the United States.

Business career

Panoz operated two

drug store A pharmacy (also called "drugstore" in American English or "community pharmacy" or "chemist" in Commonwealth English, or rarely, apothecary) is a retail shop which provides pharmaceutical drugs, among other products. At the pharmacy, a pharmacis ...

s in Pittsburgh while studying business at

Duquesne University Duquesne University of the Holy Spirit ( or ; Duquesne University or Duquesne) is a private Catholic research university in Pittsburgh, Pennsylvania. Founded by members of the Congregation of the Holy Spirit, Duquesne first opened as the Pittsbu ...

. In 1961, Panoz and Milan Puskar formed Milan Pharmaceuticals (which would later be renamed ''Mylan'') in

White Sulphur Springs, West Virginia White Sulphur Springs is a city in Greenbrier County in southeastern West Virginia, United States. The population was 2,231 at the 2020 census. The city emblem consists of five dandelion flowers and the citizens celebrate spring with an annual Da ...

. While head of this company, Panoz headed a research group that invented time-release medication through a

transdermal patch A transdermal patch is a medicated adhesive patch that is placed on the skin to deliver a specific dose of medication through the skin and into the bloodstream. An advantage of a transdermal drug delivery route over other types of medicat ...

, known most commonly in today's market for its

nicotine Nicotine is a natural product, naturally produced alkaloid in the nightshade family of plants (most predominantly in tobacco and ''Duboisia hopwoodii'') and is widely used recreational drug use, recreationally as a stimulant and anxiolytic. As ...

application. Panoz left Mylan in 1969 when the company refused to develop the patch, and subsequently moved the family to

Ireland Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...

where he formed Élan Corporation. This company has since become an industry leader in drug delivery products and technology, continues to hold the worldwide patent for the

nicotine patch A nicotine patch is a transdermal patch that releases nicotine into the body through the skin. It is used in nicotine replacement therapy (NRT), a process for smoking cessation. Endorsed and approved by the U.S. Food and Drug Administration (FDA) ...

, and was the first Irish company to be publicly listed in the U.S.

stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, as ...

. Panoz gradually reduced his stakes in the company, and it was bought by

Perrigo Perrigo Company plc is an American Irish–registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax ...

in 2013. Don and Nancy Panoz founded Château Élan Winery & Resort in

Braselton, Georgia Braselton ( ) is a town in Barrow, Gwinnett, Hall, and Jackson counties in the U.S. state of Georgia, approximately northeast of Atlanta. As of the 2010 census, the town had a population of 7,511, and in 2018 the estimated population was 11,652. ...

, in 1992. At the time of Don's death on 2018 the couple still owned the resort, which has since grown to . The Panozes sold a portion of their businesses to three partners in 2004. Similarly in

Patterson, California Patterson is a city in Stanislaus County, California, United States, located off Interstate 5. It is southeast of Tracy and is part of the Modesto Metropolitan Statistical Area. Patterson is known as the " Apricot Capital of the World"; the t ...

, 35 miles east of San Jose, the Panozes developed Diablo Grande

gated community A gated community (or walled community) is a form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences ...

and the Diablo Grande Winery and Resort, which was sold In 2005; and later they founded the St. Andrews Bay Resort and Spa in Scotland. This venue has since been sold and is now managed by

Fairmont Hotels and Resorts Fairmont Hotels & Resorts is a global chain of luxury hotels that operates more than 70 properties worldwide, with a strong presence in Canada. The company originated from two hotel businesses established in the late 19th century, the Canadian Pa ...

as the Fairmont St Andrews. These venues feature golf course designs and collaborations from

Bruce Devlin Bruce William Devlin (born 10 October 1937) is an Australian professional golfer, sportscaster and golf course designer. Devlin was born in Armidale, Australia. He turned pro in 1961 and joined the PGA Tour in 1962 after an amateur career in Au ...

, Denis Griffiths,

Jack Nicklaus Jack William Nicklaus (born January 21, 1940), nicknamed The Golden Bear, is a retired American professional golfer and List of golf courses designed by Jack Nicklaus, golf course designer. He is widely considered to be one of the greatest go ...

Gene Sarazen Gene Sarazen (; born Eugenio Saraceni, February 27, 1902 – May 13, 1999) was an American professional golfer, one of the world's top players in the 1920s and 1930s, and the winner of seven major championships. He is one of five players (along ...

, and

Sam Torrance Samuel Robert Torrance (born 24 August 1953) is a Scottish professional golfer and sports commentator. He was one of the leading players on the European Tour from the mid-1970s to the late 1990s, with 21 Tour wins. Torrance was a member of Eur ...

. He was also the co-Founder and chairman of a water pollution control firm, HydroMentia, and was the Chairman of the Board of Directors for the Norcross, GA based indoor LED display manufacturer, NanoLumens.

Panoz in motorsports

In 1989, Panoz funded an upstart company started by his son

Dan Dan or DAN may refer to: People * Dan (name), including a list of people with the name ** Dan (king), several kings of Denmark * Dan people, an ethnic group located in West Africa **Dan language, a Mande language spoken primarily in Côte d'Ivoi ...

, called Panoz Auto Development. Reportedly, the senior Panoz was skeptical at first of his son's venture, but later used his position in the business world to bring celebrity motorsport figures such as

Mario Andretti Mario Gabriele Andretti (born February 28, 1940) is an Italian-born American former racing driver. One of the most successful drivers in the history of motorsports, Andretti is one of only two drivers to have won races in Formula One, IndyCar, t ...

on board with the goal of entering a Panoz race car in the

24 Hours of Le Mans The 24 Hours of Le Mans (french: link=no, 24 Heures du Mans) is an endurance-focused Sports car racing, sports car race held annually near the town of Le Mans, France. It is the world's oldest active Endurance racing (motorsport), endurance r ...

race. Panoz Motorsports was formed in 1997 in Braselton and entered its brand new car, the

Panoz Esperante GTR-1 The Panoz Esperante GTR-1 (also known as Panoz GTR-1 and later the Panoz GTP) was a race car developed by Panoz Auto Development and Reynard Motorsport for grand tourer endurance racing in 1997. Although named after the Panoz Esperante roadst ...

, at Le Mans. The team was competitive, finishing ahead of all but two of the major factory teams in its class. In 1999, Panoz founded the

American Le Mans Series The American Le Mans Series (ALMS) was a sports car racing series based in the United States and Canada. It consisted of a series of endurance and sprint races, and was created in the spirit of the 24 Hours of Le Mans. The American Le Mans' hea ...

with the aim of bringing European-style endurance sports car racing to the Americas.

Holdings

Today, the holdings of Panoz family include the following: *Diablo Grande Winery & Resort *Élan Natural Waters *Fountainhead Development Corporation *Panoz Auto Development Company * Van Diemen International *

Panoz, LLC Panoz is an American manufacturer of sports automobiles founded in 1989 as Panoz Auto Development by Dan Panoz, son of Don Panoz. Panoz products have included the Panoz Roadster and AIV Roadster, the Panoz Esperante, and the Panoz Avezzano. Pan ...

Former holdings including: *

Sebring International Raceway Sebring International Raceway is a road course auto racing facility in the southeastern United States, located near Sebring, Florida. Sebring Raceway is one of the oldest continuously operating race tracks in the U.S., its first race being run i ...

(long-term lease) - Sold To NASCAR (IMSA Holdings, LLC) *

Road Atlanta Road Atlanta (known for sponsorship reasons as Michelin Raceway Road Atlanta) is a road course located just north of Braselton, Georgia, United States. The facility is utilized for a wide variety of events, including professional and amateur spo ...

- Sold To NASCAR (IMSA Holdings, LLC) *

Mosport International Raceway Canadian Tire Motorsport Park (formerly Mosport Park and Mosport International Raceway) is a multi- track motorsport venue located north of Bowmanville, in Ontario, Canada, east of Toronto. The facility features a , 10-turn road course; a ad ...

(long-term lease) - Sold To C.M.V. Ron Fellows, Carlo Fedani *Chateau Elan Resort & The Vintage Golf Club, Hunter Valley, New South Wales, Australia

Personal life and death

Panoz and his wife Nancy were married for 63 years. They had two sons, Danny and Chris, and four daughters, Dona, Dena, Lisa and Andrea. Panoz died on September 11, 2018 of pancreatic cancer. He was 83.

References

{{DEFAULTSORT:Panoz, Don 1935 births 2018 deaths American founders of automobile manufacturers American motorsport people American people of Italian descent Auto racing executives Duquesne University alumni Greenbrier Military School alumni Panoz Auto Development People from Alliance, Ohio Automotive businesspeople