MDA welcomes Yung Wu to its Board as Independent Director

– CANADA, Brampton –  MDA Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, announced the appointment of Yung Wu to its Board as an Independent Director, effective February 14, 2024, increasing the Board to nine members.

About Yung Wu

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. Before MaRS, Yung 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.

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 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, 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 the Institute of Corporate Directors, and the National Association of Corporate Directors.

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 geo-intelligence 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 toward 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: https://mda.space/en/

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