Resmed founder Peter Farrell recognized for achievements

WASHINGTON – The Horatio Alger Association of Distinguished Americans, Inc., a nonprofit that honors leaders who have overcome adversity and supports young people in furthering their education, has announced that Dr. Peter Craig Farrell, founder of Resmed, will receive the prestigious Horatio Alger Award and become a lifetime member of the organization. Farrell joins 10 other corporate, civic and cultural leaders from across the country in the 2026 class of honorees. "My career in health care and technology has been a journey defined by curiosity, persistence and a drive to solve real problems," said Farrell. "Receiving the Horatio Alger Award is a tremendous honor because it recognizes the same values that guide my work: facing challenges head-on, pursuing opportunities with purpose, and using knowledge and experience to help others. It is a privilege to join the Horatio Alger Association and the important mission of helping young people overcome life's challenges to pursue their dreams." Farrell founded Resmed in 1989. He also serves on several boards, including those of Arcturus Therapeutics and Wave Guide, where he is chairman; and serves as a trustee of Scripps Research Institute at the Jacobs Engineering School at the University of California, San Diego. Farrell says giving back to the community is both a responsibility and an investment in society. In 2001, he established the Farrell Family Foundation, which supports community initiatives, youth programs, health-related causes and education, with a focus on technology and underserved populations. "Peter Farrell exemplifies what the Horatio Alger Award stands for: a relentless pursuit of knowledge and innovation, and a commitment to improving the lives of those around us," said Don R. Daseke, founder & chairman emeritus of Daseke, Inc., a 2018 Horatio Alger Award recipient who nominated Farrell for the Award. "Peter's journey from humble beginnings to building a global health care enterprise inspires young people striving to change their circumstances and make an impact on the world. It is a privilege to recognize his achievements and welcome him to the Horatio Alger family, where I know his story will motivate the next generation of leaders for years to come." Farrell and the member class of 2026 will be formally inducted into the association during the 79th Horatio Alger Award Induction Ceremonies in Washington, D.C., in April.