Peter Farrell and Richard Sloane Elected to Board of Trustees

Peter Farrell, chairman and chief executive officer of San Diego-based ResMed, and Richard Sloane, a managing partner in Ocean Via Realty of Palm Beach and West Palm Beach, have been elected to The Scripps Research Institute’s Board of Trustees.

“We would like to offer Peter and Richard a warm welcome,” said Dick Gephardt, President/CEO of Gephardt Government Affairs and lead trustee of the Scripps Research Board of Trustees. "We are confident their contributions to the board will help foster the Institute's continued preeminence in biomedical research and graduate education."

“We are honored to have Peter and Richard join our board,” said Scripps Research President and CEO Michael A. Marletta. “Their broad business and entrepreneurial experience will be essential to Scripps as we chart our future course. In addition, Peter’s background in science and engineering and Richard’s experience on the Scripps Florida Council will allow them to hit the ground running. All of us enthusiastically look forward to working with them.”

Peter Farrell

Farrell founded ResMed—a developer, manufacturer, and marketer of products for the diagnosis and treatment of sleep-disordered breathing—in June 1989. He has been chairman and a director of the company since its inception, and served as chief executive officer from July 1990 until December 2007, resuming that role in February 2011.

Prior to founding ResMed, Farrell was vice president of research and development at various subsidiaries of Baxter International, Inc. He also served as the managing director of the Baxter Center for Medical Research. From 1978 to 1989, he was the foundation director of the Graduate School for Biomedical Engineering at the University of New South Wales (Australia), where he is currently a visiting professor.

Farrell received a bachelor’s degree in chemical engineering with honors from the University of Sydney, a master’s degree from the Massachusetts Institute of Technology, and a PhD in chemical engineering and bioengineering from the University of Washington. He was awarded a DSc from the University of New South Wales for his research in the field of treatment with the artificial kidney.

Farrell was named San Diego Entrepreneur of the Year for Health Services in 1998, Australian Entrepreneur of the Year in 2001, and U.S. National Entrepreneur of the Year in Health Sciences in 2005. Among a number of honorary fellowships, he was recently named a member of the U.S. National Academy of Engineering.

Among his professional activities, Farrell serves on three faculty advisory boards at the University of California, San Diego (Rady School of Management, Jacobs School of Engineering, and Health Sciences) and is chairman of the Executive Council of the Harvard Medical School Division of Sleep Medicine. Farrell was president of the Board of Trustees of the Museum of Contemporary Arts, San Diego, from 2009 to 2011. He is also active in philanthropy, primarily through the Farrell Family Foundation.

Richard Sloane

Over the last 40 years, Sloane has been involved in numerous industries including technology distribution, technical support centers, ocean transportation, and Internet information and commerce sites. In addition, he has built, developed, and owned commercial and residential properties in six states.

Sloane earned a bachelor’s degree in Business/Accounting, and a law degree and master in laws degree from George Washington University.

In addition to serving on the Scripps Florida Council, Sloane is a Sponsor Member of the Kravis Center for the Performing Arts in West Palm Beach and serves on the Board of Directors of Temple Emanu-El, the Palm Beach Civic Association, and the Israel Cancer Association. He also serves on the Dean’s Advisory Board of Florida Atlantic University Medical School, the Leadership Council of Cleveland Clinic Florida, and the External Advisory Board of the Institute of Aging of the University of Pennsylvania Medical School.

Sloane lives in Palm Beach with his wife, Carolyn.

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