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Lilian Zhou Appointed to STAAR Surgical Board of Directors

Key Takeaway: STAAR Surgical Company has appointed Lilian Zhou to its Board of Directors effective December 4, 2023. Zhou, a seasoned investment portfolio manager, has extensive experience in capital markets and previously held leadership positions at various investment firms. Her addition to the Board is anticipated to provide valuable insights into healthcare and ophthalmology, particularly given her background as a former institutional shareholder. Concurrently, Dr. Gil Kliman has stepped down from the Board to focus on other commitments, acknowledging his contributions to STAAR.
Price reaction · baseline $32.99 (2023-12-01 close) · clean, no other STAA news in the window
day 0 close · peak
-2.1%

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POSITIVE FACTORS

  • Lilian Zhou brings over two decades of experience in capital markets.
  • Her appointment is expected to enhance STAAR's perspective in healthcare and ophthalmology.
  • Zhou's background as a former institutional shareholder adds value to the Board.

Full Press Release Details

Lilian Zhou Appointed to STAAR Surgical Board of Directors
LAKE FOREST, CA, December 4, 2023 --- STAAR Surgical Company (NASDAQ: STAA), a leading developer, manufacturer and marketer of the EVO family of Implantable Collamer Lenses (ICL) for myopia, astigmatism and presbyopia, today announced the appointment of Lilian Zhou to its Board of Directors, effective December 4, 2023.
We welcome Lilian Zhou as a new member to our Board of Directors. Lilian is an accomplished investment portfolio manager who worked at highly regarded Wall Street investment institutions before founding her own firm a decade ago, said Aimee Weisner, Chair of the Nominating and Governance Committee of STAAR Surgical's Board of Directors. We look forward to Lilian's contributions as a former institutional shareholder of STAAR with an in-depth and global perspective of healthcare, ophthalmology and STAAR's opportunity.
Lilian Zhou brings more than two decades of capital markets and investment experience to STAAR. Most recently, Ms. Zhou was Founder, Chief Investment Officer and Managing Partner of Yulan Capital Management, a Tiger Seed, which operated out of New York and Shanghai from 2013 through June 2023. Prior to Yulan Capital, Ms. Zhou worked at Citadel, Kelusa Capital and Bear Stearns & Co. Lilian began her career as an investment banking analyst at Credit Suisse in 2004. Ms. Zhou is a Chartered Financial Analyst (CFA) and holds a Bachelor of Arts, Economics and Mathematics-Statistics, from Columbia University and an MBA from The Wharton School, University of Pennsylvania.
STAAR also reported today that Gil Kliman, M.D., has decided to leave the board, effective December 1, in order to more fully devote his time and energies to his other commitments. Tom Frinzi, STAAR's Chair of the Board stated, STAAR has benefitted greatly from Dr. Kliman's extensive ophthalmology, commercial and medical device experience and we sincerely thank Gil for his dedicated service. He has been a steadfast supporter of STAAR, and we hope to continue to benefit from his insights in the future.
Other current members of STAAR's Board of Directors include Stephen Farrell, Tom Frinzi, Aimee Weisner, Elizabeth Yeu, M.D., and K. Peony Yu, M.D.
About STAAR Surgical
STAAR, which has been dedicated solely to ophthalmic surgery for over 40 years, designs, develops, manufactures and markets implantable lenses for the eye. These lenses are intended to provide visual freedom for patients, lessening or eliminating the reliance on glasses or contact lenses. All of these lenses are foldable, which permits the surgeon to insert them through a small incision. STAAR's lens used in refractive surgery is called an Implantable Collamer Lens or ICL, which includes the EVO ICL product line. More than 2,500,000 ICLs have been sold to date and STAAR markets these lenses in over 75 countries. To learn more about the ICL go to: EVOICL.com. Headquartered in Lake Forest, CA, the company operates manufacturing and packaging facilities in Aliso Viejo, CA, Monrovia, CA and Nidau, Switzerland. For more information, please visit the Company's website at www.staar.com.
CONTACT: Investors & Media
Vice President, Investor Relations and Corporate Development

Frequently Asked Questions

Who was appointed to the STAAR Surgical Board of Directors?

Lilian Zhou was appointed to the STAAR Surgical Board on December 4, 2023.

What is Lilian Zhou's professional background?

Lilian Zhou has over 20 years of experience in capital markets and investment management.

Why did Gil Kliman leave the STAAR board?

Gil Kliman left to devote more time to his other commitments, effective December 1.

What does STAAR Surgical specialize in?

STAAR Surgical specializes in innovative implantable lenses for ophthalmic surgery.

How many ICLs has STAAR sold worldwide?

STAAR has sold over 2,500,000 ICLs globally, marketed in over 75 countries.

Last updated: Dec 4, 2023