BRAMPTON, ON, Feb. 14,
2024 /PRNewswire/ - MDA Ltd. (TSX: MDA), a
trusted space mission partner to the rapidly expanding global space
industry, is pleased to announce the appointment of Yung Wu to MDA's Board of Directors, effective
February 14, 2024. Serving as an
independent director, Mr. Wu's appointment increases the size of
the Board to nine directors, in accordance with MDA's by-laws.
Until recently, Mr. Wu was the CEO of the MaRS Discovery
District, one of the world's largest innovation hubs with over
1,200 companies in various sectors and at all stages of growth and
scale. Prior to MaRS, Mr. Wu had a lengthy career as a serial
entrepreneur and private equity investor, building, backing and
scaling companies in enterprise software, mobile analytics, big
data, media and entertainment, technology services, and
biotech.
"We are pleased to welcome Yung
Wu to our Board of Directors," said Mr. John Risley, Chair of the MDA Board. "Yung is an
experienced innovation and technology leader, entrepreneur and
investor. He brings core competencies and valuable insight to the
MDA Board at a time of rapid technical and market transformation in
the space sector."
Mr. Wu currently serves as Chair of private equity firm NFQ
Ventures, Chair of the Toronto Region Board of Trade, a Director on
the OMERS Administration Corporation Board, and independent
Director on the board of Antibe Therapeutics Inc.
With a focus on creating positive social and economic change
through innovation and entrepreneurship, Mr. Wu is co-founder of
the Coalition of Innovation Leaders Against Racism (CILAR), a
network of senior leaders committed to creating pathways and
opportunities in the innovation economy for the Black community,
Indigenous peoples, and people of color. He also served as an
inaugural Governor in Council appointee to Canada's Net-Zero Advisory Body.
Mr. Wu has a B.Sc. Computer Science, Economics and Mathematics
from the University of Toronto and is a
graduate of the Entrepreneurial Masters Program at the Massachusetts Institute of Technology. He is also a
member of MENSA, the Young Presidents Organization (YPO) and the
Institute of Corporate Directors (ICD.D) and the National
Association of Corporate Directors (NACD).
ABOUT MDA
Serving the world from its Canadian home and global offices, MDA
(TSX:MDA) is an international space mission partner and a robotics,
satellite systems and geointelligence pioneer with a 50-year story
of firsts on and above the Earth. With over 3,000 employees across
Canada, the US and the UK, MDA is
leading the charge towards viable Moon colonies, enhanced Earth
observation, communication in a hyper-connected world, and more.
With a track record of making space ambitions come true, MDA
enables highly skilled people to continually push boundaries,
tackle big challenges, and imagine solutions that inspire and
endure to change the world for the better, on the ground and in the
stars. For more information, please visit MDA's website at
www.mda.space.
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SOURCE MDA Ltd.
