From the Chairman and Dean

This academic year has brought the powerful need for business as a force for good into focus

In a year defined by new risks and new opportunities, INSEAD engaged our community and leaders worldwide to gain a deeper understanding of changes in the world.

Instability in geopolitics and the natural environment along with uncertainty in technology and the economy have created a paradigm shift for business leaders and the institutions that educate them. In academic year 2018/2019, INSEAD responded by calling for a rethink of the social contract and engaging leaders around the idea of business as a force for good.


When we look back at the history of INSEAD, there are striking similarities between the challenges of today and the time when the school was founded. Established during the uncertainty and instability that followed World War II, INSEAD was instrumental in bringing cultures together and ushering in an era of peace and prosperity in Europe. 


In the six decades that followed our founding, the values deep in our institutional DNA shaped the school. Diversity, independence, rigour and relevance in teaching and research, closeness to business and entrepreneurial spirit. As the world became more connected and business became increasingly global, the pursuit of excellence, guided by these values, brought INSEAD to the cutting edge of business education.


Today, INSEAD is charting a new course for business education in the 21st century. Our curriculum is focused on business and society, in line with our mission to develop responsible leaders. Our research provides practical knowledge that helps leaders navigate unpredictable markets in turbulent times. We engage a broad spectrum of these leaders to explore how business can be a force for good. Our leadership is united behind the idea that business must be active in overcoming the world’s most pressing challenges. 

From the Chairman and Dean

Over this past academic year, INSEAD’s resolve has strengthened into action. We established the Hoffmann Global Institute for Business and Society to champion prosperity with positive social impact, introduced a Master in Management programme to respond to the changing educational needs of our global society and launched the Campaign for INSEAD to tackle world-scale problems, further our ground-breaking research and reimagine the future of business.


We have also made progress in several areas crucial to our mission. The long-planned San Francisco Hub for Business Innovation opens in 2020. The Europe Campus Renewal is moving into the design phase with support from the Fontainebleau community. Our Middle East Campus is growing in size and stature. Our number of resident faculty – and the quality of their research – has reached an all-time high.


This has been a year in which INSEAD has innovated, inspired and mobilised our global community to be a force for good, now and into the future. We are proud to share some of the milestones from the last academic year. 



The Campaign for INSEAD: A Force for Good

Last October, we launched a €250 million capital campaign rooted in our distinct values, vision and ventures that has brought our community together to chart a bright future for the school.


Hoffmann Global Institute for Business and Society 

The Institute opened in October and convened a conversation on the role of business in meeting global challenges, inspiring INSEAD to be smarter about aligning with the UN Sustainable Development Goals, or SDGs.


San Francisco Hub for Business Innovation

A dedicated team of INSEAD leaders and alumni worked to open our first facility in North America, solidifying our global presence and bringing our business insights to the world’s most innovative business ecosystem.


INSEAD Thought Leaders: Profiles in Research

Our world-class faculty is often recognised for their thought leadership and research, our case studies are international bestsellers and our professors sit at the top of the Thinkers 50 list of management influencers. 


Innovation in Focus

We scaled up innovation through the LaunchPad at STATION F, the addition of Blockchain Research Institute co-founder Don Tapscott to the faculty, Executive Education on design thinking and AI, and Tech Talks on the Middle East Campus. 


60 Years of Excellence

We prepared to celebrate 60 years of excellence by looking at the values that have shaped us as an institution and a community and drawing inspiration from our founders.


In this year’s annual report, we are pleased to share more about these milestones in our Special Features section, as well as facts, figures and highlights from around the school.


The 2018/2019 Annual Report showcases a year of achievement by our INSEAD community – faculty, students, alumni, donors, supporters and staff. Such accomplishments are only possible through dedication, hard work, talent and teamwork. We want to thank everyone who has helped write this chapter of the INSEAD success story.


This has been a year to bring people together and make INSEAD a force for good. We have seized the opportunity to honour the rich history of the institution and remain true to our values. With a strong and growing community standing together, we have the foundation in place to build a better future for the school and for the world. 


Thank you for your continued support.



Andreas Jacobs signature




Andreas Jacobs MBA'90D

Chairman of the Board




Ilian Mihov signature




Ilian Mihov

Dean of INSEAD





Board of Directors

The Board of Directors is composed of business leaders from a wide range of industry sectors and nationalities

Honorary Chairman

Claude Janssen


Andreas Jacobs
Member of the Board, Jacobs Holding AG

Vice Chair

Emma Goltz
Chair, INSEAD Alumni Fund


Jolyon Barker
Global Leader, Clients & Industries
Chairman, INSEAD Audit, Finance & Risk Committee
Rémy Best
Chairman, INSEAD Campaign Board
Chairman, Fondation Mondiale
Managing Partner, Pictet Group
Karen Fawcett
Non-executive Director
Patrick Firmenich
Chairman of the Board, Firmenich SA
Adam Goldstein
Vice Chairman, Royal Caribbean Cruises Ltd.
Karien van Gennip
CEO ING in France
Deepak Gupta
Founder and Chairman, Denita Group of Companies
Chairman, INSEAD Nominations and Compensation Committee
Alexis Habib
Chair, INSEAD Endowment Management Committee
CEO, Spinnaker Capital
Philip Houzé
Chairman of the Executive Board, Galeries Lafayette Group
Sadia Khan
President, INSEAD Alumni Association
CEO, Pakistan Institute of Corporate Governance
Daniel Labrecque
Chairman of the International Council, INSEAD (stepped down in February 2019)
Chairman and CEO DNA Capital
Daniel Lalonde
CEO & Director, SMCP - Sandro, Maje, Claudie Pierlot
(stepped down in January 2020)
Christina Law
Former Group President, Asia & Latin America, General Mills
Frédéric Lemoine
Former Chairman of the Executive Board, Wendel Group
(stepped down in January 2020)
Susan Lloyd-Hurwitz
Chair, INSEAD Campus Renewal Committee
CEO and Managing Director, Mirvac Group Ltd
Alexandra Papalexopoulou
Executive Director and Group Strategic
Planning Director, Titan Cement Company SA
Lucy Quist
Managing Director and Head of Change Leadership, Morgan Stanley
R. Todd Ruppert
Founder and CEO, Ruppert International Inc.
Mika Salmi
Partner, Lakestar
(stepped down in January 2020)
Mirjam Staub-Bisang
Managing Director, BlackRock Switzerland
(stepped down in January 2020)
Fernando Zobel de Ayala
President and COO, Ayala Corporation

Permanent Invitees

Ilian Mihov
Professor of Economics
The Rausing Chaired Professor of Economic and Business Transformation, INSEAD
François Hériard Dubreuil
President, Fondation INSEAD
Chairman, Orpar
Chairman, Rémy Cointreau
Karel Cool
Faculty Representative
Professor of Strategic Management
The BP Chaired Professor of European Competitiveness
Anil Gaba
Faculty Representative
Professor of Decision Sciences
The Orpar Chaired Professor of Risk Management, INSEAD
Brigit Soccard
Staff Representative
Executive Assistant to the CCO and Communications Department
(stepped down in January 2020)

Executive Committee

The Executive Committee provides the school with organisational direction and operational guidance
Ilian Mihov
Peter Zemsky
Deputy Dean and Dean of Innovation
Laurence Capron
Dean of Faculty
Ziv Carmon
Dean of Research
Urs Peyer
Dean of Degree Programmes
Ben M. Bensaou
Dean of Executive Education
Nida Januskis
Associate Dean of Advancement
Katy Montgomery
Associate Dean of Degree Programmes
Mark Roberts
Associate Dean of Executive Education
Attila Cselőtei
Chief Operating Officer
Lukas Thalhammer
Chief of Staff


Annual Report Description
We are pleased to provide downloadable versions of Our Year in Review 2018/2019 and annual reports from previous years. All downloads are available in the PDF file format.