During this time we also acquired rights to market a novel form of External Fixation from the University of Verona. In 1987, a group of us, who had met at Harvard, raised the finance to acquire 80% of the company, leaving the original owners with 20%. We gave share options to all employees, not as was normal, the fat cats at the top. In 1992 we floated the company on NASDAQ. I was President and CEO until I became Vice Chair in 2002 and retired in 2004. We had taken sales from $500,000 per annum to over $300M.
On my retirement, I set up a theatre production company, National Angels, to transfer National Theatre productions to the West End, Broadway and Toronto. We took the risk of any losses but returned a substantial part of the profits to the theatre. Among the productions we transferred were War Horse and One Man Two Guvnors, for which James Corden won a Best Actor Tony Award. We closed the company after 15 years, as we were all getting rather old. The basis for all my endeavours was my education at Nottingham University, where I had been Internal Secretary of the Union and at Harvard, which at the time was an inspirational course, during which I learned the immense value in making employees shareholders. I am very grateful to Nottingham University for giving me the basis for all these activities and particularly for the award of an honorary doctorate.
What are some of your memories of Nottingham?
I think the highlight of my time at Nottingham, was the fact that I met the girl who was to become my Wife. Judith was reading French and German, and was passionate about theatre which was transmitted to me and became a huge part of our lives. It led me to the National Theatre, where I ended up as Vice Chair of the Development Council. Between us, we had four children, two of whom graduated from the University, and eight grandchildren. We are still married 69 years after meeting at our beloved University.
What are your words of wisdom for the next generation of students currently studying at the School of Pharmacy?
You can only be successful by using your imagination, learning to prove your positions by analysing the true facts and by loving what you do. Hard work and long hours, and care for others are indispensable. No-one owes you a living and the ball is always in your court. Good Luck.
Edgar Wallner, born 13 January 1937; died 8 November 2025