From the Chairman

For this incredible institution that we are all so proud to belong to, 2017/2018 was a year like no other
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When I reflect on the decisions taken by the Board over this time, I realise the extent to which they will shape the future of INSEAD. This year, we wholeheartedly embraced the launch of our most ambitious fundraising campaign to date.

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We commended the creation of the Hoffmann Global Institute for Business and Society and its mission to influence every facet of the school’s activities. We not only approved but applauded Dean Ilian Mihov’s bold new five-year strategy. And, in endorsing the vast undertaking to renovate our entire campus in Fontainebleau, we reaffirmed our commitment to our much-loved European home.

 

These are truly transformative and far-reaching developments. But there are many, many others deserving of celebration. It was another exceptional year for Executive Education, for example, with strong growth and higher performance than ever before. Our innovations in online education are a particular source of pride. Digital remains a small flower, but it is blooming brightly – broadening our audience and widening our portfolio. It is also worth adding that, compared to other business schools, our record of attracting and retaining the world’s very best faculty was outstanding in 2017/2018 and has taken our number of resident professors to an all-time high.

 

The year-long celebration of women at INSEAD, or iW50, which culminated in the Summit of summer 2018, is another historic moment. It sends an important signal to the world and heralds a new era of gender diversity across INSEAD – extending to the Board itself. Already we have taken it to heart and are in the process of replacing retiring male directors with female talent, targeting at least 35% representation over the next few years.

 

As we approach our 60th anniversary next year, we will start to see the impact of 2017/2018 developments throughout the school. These are exciting times, indeed, to be part of the global community that is INSEAD.

 

 

Andreas Jacobs signature

 

 

Andreas Jacobs MBA'90D

Chairman of the Board

Andreas Jacobs MBA'90D

From the Dean

This academic year has been a year of reflection and renewal – looking at our past to build a better future for INSEAD
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Through reflection, we see how INSEAD has grown with the world and changed the world for the better with the research we produce, the leaders we engage with and the success stories we hear from our community.

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Environmental pressures, new geopolitical forces and technological advance are reshaping global business. These challenges require leaders to think differently and act differently.

 

The INSEAD founding principles can and must guide us as we equip leaders to face today’s global challenges. Looking to the past shapes how we prepare leaders for a dynamic and unpredictable future, which has made this a year of renewal.

 

We have renewed our commitment to lead cutting-edge business education, to promote gender balance and to launch new initiatives, such as a permanent space in San Francisco. We started a process to renew our school by modernising our Europe Campus and enhancing offerings in Asia and the Middle East. We have renewed our community engagement, seeking support to achieve greater success.

 

This year, we redoubled our effort to inspire, innovate and expand our global influence – and this effort has been marked by several milestones.

 

INSEAD Brand Evolution

This year, we renewed the INSEAD brand so the world can see us for who we truly are. We placed our name in a logo that represents our position as the business school for the world. We updated the colours to reflect our diverse and vibrant community. We made a brand promise to strive for excellence in everything we do.

Dean of INSEAD Ilian Mihov
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The Campaign for INSEAD: A Force for Good

In October, INSEAD launched a €250 million fundraising Campaign, our most ambitious to date. The Campaign is grounded in our distinct values, vision and ventures. Campaign support fortifies our academic excellence, drives breakthrough innovation and holds the potential to transform society on a global scale.

 

Rethinking Business and Society

In August 2018, we established the Hoffmann Global Institute for Business and Society. Our newest INSEAD institute explores the intersection of business and society. The challenges of our times are immense, and the decisions made today determine the future. The Institute will work across the school and with our partners to enable leaders to deliver positive outcomes for their organisations and their communities.

 

iW50: A Year to Celebrate INSEAD Women

The iW50 Summit held on our Europe Campus in June was the celebration of the 50th anniversary of our first female MBA graduates. It was the culmination of a year of showcasing the experiences and ideas of INSEAD women. The successes shared refocused our work on gender balance, with emphasis on elevating and empowering women leaders. This work will be carried forward by the Gender Initiative.

 

LaunchPad for Start-ups

The year kicked off in January with the opening of the LaunchPad at STATION F in Paris. The LaunchPad is a hub for INSEAD start-ups to benefit from the expertise of our entrepreneurship community and ecosystem at STATION F, the world’s biggest start-up campus. With this idea incubator space, we put innovation in focus.

 

In this year’s annual report, I am pleased to share more about these milestones, along with facts, figures and highlights from around the school.

 

The achievements reflected in the 2017/2018 Annual Report belong to the INSEAD community – our faculty, students, alumni, donors, supporters and staff. They are the result of hard work, incredible talent, deep collaboration and commitment to our mission. I want to thank everyone who has been a part of this chapter of the INSEAD success story.

 

This year has been a year to celebrate, and it has been an inflection point. Together, we can build on what has been done and transform the world.

 

I thank you for your continued support.

 

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
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Honorary Chairman

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Claude Janssen
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Chairman

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Andreas Jacobs
Member of the Board, Jacobs Holding AG
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Vice Chair

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Emma Goltz
Chair, INSEAD Alumni Fund
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Members

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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
Co-founder, Katfish Holdings
Deepak Gupta
Founder and Chairman, Denita Group of Companies
Chairman, INSEAD Nominations Committee
Philip Houzé
Chairman of the Executive Board, Galeries Lafayette Group
Sadia Khan
President, INSEAD Alumni Association
CEO, Selar Enterprises (Pvt) Ltd
Daniel Labrecque
Chairman of the International Council, INSEAD
Chairman, DNA Capital
Daniel Lalonde
CEO & Director, SMCP (Sandro, Maje, Claudie Pierlot)
Christina Law
Group President, Asia & Latin America, General Mills
Frédéric Lemoine
Former Chairman of the Executive Board, Wendel Group
Susan Lloyd-Hurwitz
Chair, INSEAD Campus Renewal Committee
CEO and Managing Director, Mirvac Group Ltd
R. Todd Ruppert
Founder and CEO, Ruppert International Inc.
Mika Salmi
Senior Advisor, Raine Group
Chairman, INSEAD Remuneration Committee
Mirjam Staub-Bisang
Chair, INSEAD Endowment Management Committee
Managing Director, BlackRock Switzerland
Fernando Zobel de Ayala
President and COO, Ayala Corporation
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Permanent Invitees

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Ilian Mihov
Dean
Professor of Economics
The Rausing Chaired Professor of Economic and Business Transformation, INSEAD
François Hériard Dubreuil
President, Fondation INSEAD
Chairman, Orpar
Chairman, Rémy Cointreau
Anil Gaba
Faculty Representative
Professor of Decision Sciences
The Orpar Chaired Professor of Risk Management, INSEAD
D. Charles Galunic
Faculty Representative
Professor of Organisational Behaviour
The Aviva Chaired Professor of Leadership and Responsibility, INSEAD
Brigit Soccard
Staff Representative
Executive Assistant to the CCO and Communications Department

Executive Committee

The Executive Committee provides the school with organisational direction and operational guidance
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Ilian Mihov
Dean
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

New Leadership

The INSEAD Executive Committee welcomed six new members this year
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Ben M. Bensaou
Ben M. Bensaou
Dean of Executive Education

Professor Ben M. Bensaou has been appointed to the INSEAD Executive Committee as Dean of Executive Education. Ben is a long-serving professor at INSEAD, a pioneering thought leader in innovation and Asian business and has received many Executive Education Awards for outstanding programme direction and teaching.

Laurence Capron
Laurence Capron
Dean of Faculty

Professor Laurence Capron has been appointed as Dean of Faculty. Laurence joined INSEAD in 1997, served as INSEAD Board Faculty Representative since 2016 and is a leading expert on M&As, alliances and business portfolio growth. She has won many awards, including the INSEAD MBA Best Teacher Award.

Ziv Carmon
Ziv Carmon
Dean of Research

Professor Ziv Carmon is our new INSEAD Dean of Research. An expert in judgment and decision-making, and its public policy, strategic and tactical implications, his research has been extensively published in leading academic journals. Ziv also served as Chair of the R&D Committee over the past five years.

Attila Cselőtei
Attila Cselőtei
Chief Operating Officer

Attila Cselotei has been appointed Chief Operating Officer, a step towards achieving our strategic goals and improving operational effectiveness. For the past eight years, Attila served as Chief Information Officer, where he increased student satisfaction, digitalised many of our processes and improved our digital agility.

Katy Montgomery
Katy Montgomery
Associate Dean of Degree Programmes

Katy Montgomery is our new Associate Dean of Degree Programmes. She has 14 years of experience in higher education, most recently serving as Associate Dean of Student Development at Johns Hopkins Carey Business School before joining INSEAD in 2017 as INSEAD Global Director of Career Development.

Lukas Thalhammer
Lukas Thalhammer
Chief of Staff

Lukas Thalhammer MBA’17J has been appointed Chief of Staff. His role is to align the Dean’s priorities and agenda with the school vision and strategy, manage the Dean’s Office and lead school-wide strategic projects. Lukas is a member of the Executive Committee and acts as its general secretary.

Download

Annual Report Description
We are pleased to provide downloadable versions of Our Year in Review 2017/2018. These downloads include a single page format ('Print'), a booklet format ('Screen') and pullouts of our Finances and Special Features chapters. All downloads are provided as a PDF file.