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Executive Profile – Samuel H. Wood

Samuel H. Wood is CEO of Stemagen, a creator of stem cells with therapeutic potential. The La Jolla-based research company focuses on developing and delivering stem cell-based therapies to treat ALS (amyotrophic lateral sclerosis), muscular dystrophy, Parkinson’s disease, Alzheimer’s and others.

RESUM & #201;

Name: Samuel H. Wood.

Company: Stemagen.

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Title: CEO.

Education: Master’s degree from the University of Richmond; M.D. and Ph.D., Medical College of Virginia; M.B.A, San Diego State University.

Birthplace: Tempe, Ariz.

Age: 50.

Current residence: La Jolla.

Family: I have great kids!

BUSINESS PHILOSOPHY

Essential business philosophy: Perspiration without inspiration is pointless. In a complicated, rapidly changing field, wasting time and resources can be devastating. Develop a superior strategic plan and execute it with single-minded determination.

Best ways to keep a competitive edge: Stay very well informed, but don’t be unduly influenced by the actions of others. Constantly push the creative envelope. Fill key positions only with great people who believe in your vision. It’s all about ideas and implementation.

Guiding principles: In business, it’s the goal that’s paramount, not the strategy that gets you there. Be willing to adapt immediately to overcome obstacles, even if it means markedly altering your preconceived strategy to accomplish your goals. There are no problems that cannot be solved through determination and the creative application of intelligence.

Yardstick of success: Making inexorable, demonstrable progress toward achieving a goal.

Goal yet to be achieved: Finding cures for the devastating diseases that rob a person of the opportunity to live a happy, productive life.

JUDGMENT CALLS

Best business decision: Expending additional resources to amplify media coverage of Stemagen’s research accomplishments. The publicity led to many financial and partnership opportunities.

Worst business decision: Although I’ve made decisions that did not at first glance look wise, ultimately, I’ve never regretted a decision. Virtually every decision yields new perspective and provides opportunities to find solutions.

Toughest business decision: To continue with plans for Stemagen’s therapeutic cloning research after learning that much of the previous scientific research on which it was based was fraudulent. At that point we realized that, in order to achieve our goals, we would have to be the first team to successfully clone an adult cell, a feat at which many other scientists had failed in hundreds of attempts.

Biggest missed opportunity: I never give a missed opportunity another thought , there are far too many others out there.

Mentor: Samuel S.C. Yen, M.D., a legendary scientist in the field of Reproductive Endocrinology.

Word that describes you: Tenacious.

TRUE CONFESSIONS

What you like best about your job: In the rapidly evolving stem cell field, the environment can change dramatically day-to-day. This provides a steady stream of challenges to overcome and business strategies to create and implement.

What you like least about your job: That there’s never enough time (or money) to pursue all of the amazing opportunities that exist.

Pet peeves: Lack of dedication, disloyalty.

Most important lesson learned: In every crisis there lies an opportunity.

Person most interested in meeting: Futurist Raymond Kurzweil.

Three greatest passions: Learning, designing solutions to complex problems, and photography.

First choice for a new career: University professor.

PREDILECTIONS

Favorite quote: “In all chaos there is a cosmos, in all disorder a secret order.” , Carl Jung.

Most influential book: “The Art of War,” by Sun Tzu.

Favorite status symbol: American Express black card.

Favorite restaurant: Bertrand at Mr. A’s.

Favorite place for business meetings: Estancia La Jolla Hotel & Spa.

Favorite vacation spot: Maui, Hawaii.

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