Shaping the Future Donors Report 2013/2014

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1 Shaping the Future Donors Report 2013/2014

2 Contents 2 Advancing our school together /2014: financial overview of the school 6 Empowering INSEAD to advance: new gifts and pledges in 2013/ Where did donors direct their gifts in 2013/2014? 8 Alumni and friends: partners in INSEAD s evolution 10 Advancing INSEAD: alumni gifts in 2013/ Where did alumni direct their gifts in 2013/2014? 12 Alumni support fuels INSEAD s advancement 16 Ensuring excellence and diversity in the classroom: student financial aid 46 Loyal donors: constant partners in building our future 51 A promise for the future: legacy commitments 52 Class results at a glance 56 Donor honour roll Circle of Patrons Salamander Holders Centres of Excellence Major Research & Teaching Funds Chairs Fellowships Endowed Scholarships Named Facilities Organisational Giving: Corporations, Foundations, Special Entities Corporate Associate Programme Taxe d Apprentissage Individual Giving: Alumni, Friends & MBA Students 28 Driving research and learning innovations: gifts to research 36 Powering a flexible, agile school: unrestricted gifts in current funds and to the endowment 42 Developing state-of-the-art facilities: Asia campus expansion and Europe campus renovation

3 4 INSEAD Donors Report 2013/ Advancing our school together Dear donors, INSEAD s story is truly remarkable. The vision of our founders to be international, diverse, entrepreneurial and independent set us on a different path from other business schools. Throughout our 55-year history we have introduced innovations that have disrupted existing concepts of management education. We created the first international school, the first one-year MBA programme and the first company-specific executive programme. Today we are the first and only school to operate seamlessly on campuses in three distinct locations. Like all new ventures, ours was fraught with challenges. We began with no endowment, no campus and no permanent faculty. But our founders had a vision and the determination to succeed. In the early years of INSEAD they enlisted among our supporters key organisations like the Paris Chamber of Commerce, Royal Dutch Shell, IBM and the Ford Foundation. Over time, other corporate friends, foundations and government entities followed. Most importantly, as the school grew and our alumni were becoming more and more successful in their professional life, they stepped forward to invest in the school and secure its success. They gave their time, shared their expertise and invested financial resources to build what today we are proud to call The Business School for the World. As an independent school, without a university affiliation and reliant on programme fees to meet running costs, the support of our donors is critical in ensuring excellence in everything we do and continuous innovation through our research and teaching. Every gift, large and small, is an investment in the future of the school. Every gift is vital to ensure that the school grows, innovates and enhances its distinctive identity. With contributions to scholarships, research funds, facilities and student life, our donors have helped us to attract and retain talent, build our unique diversity and expand our facilities worldwide. I am delighted to report that donor investment in 2013/2014 increased significantly and propelled us beyond our Asia campus expansion campaign target. The new Leadership Development Centre will provide state-of-the-art facilities for INSEAD to extend our portfolio of innovative programmes for today s business leaders. Targeted gifts gave new stimulus to the fusion of creativity and business as well as to Family Business and the European Competitiveness Initiative. The Dean s Annual Fund provided a boost to the Corporate Governance Initiative and the Initiative for Learning Innovation and Teaching Excellence, as well as much-needed resources for the Career Development Centre. Our goal in the years ahead is to establish INSEAD as the most innovative and impactful business school. In a globalised, fast-changing, digitally connected world, the challenges we face are complex and competition is tough. But we are confident that together we can meet these challenges. With your help, we can reach our highest aspirations. Together we will build INSEAD as the business school for the future and we will deliver on our mission to develop the future leaders, managers, and entrepreneurs who through their skills and innovation change the world for the better. Thank you for investing in the future of INSEAD. Ilian Mihov Dean of INSEAD

4 6 INSEAD Donors Report 2013/ /2014: financial overview of the school INSEAD s status as an independent, private institution differentiates us from many schools that are part of a university or benefit from regular state funding. We are also non-profit, which means that any surplus is reinvested in the school. These characteristics shape how we operate and work. Striving for excellence is a continuous process with us as it is critically linked to our financial strength. Though tuition fees serve to meet the running costs of the school, philanthropic aid is vital to plan new ventures and build future capabilities. The financial year 2013/2014 closed with solid results. Revenues from degree and executive education programmes saw a 6% increase over the previous year and contributed to 86% of the total income, which amounted to 200 million. Gifts during the year, coupled with yields from INSEAD s endowment and earnings from contract research, contributed to 8% of INSEAD s total revenues. Donor generosity provided INSEAD with essential resources to strengthen our competitive edge and our thought leadership. INSEAD s physical assets expanded with a major extension (10,000m²) to our Asia campus in Singapore, thanks in large part to the generosity of our donors. INSEAD s endowment Over the years, donors have helped INSEAD to establish a sizeable endowment. At the close of the financial year in 2014, the market value of the endowment stood at 174m. Managed by the Endowment Management Committee and advised by Partners Capital, the performance rate was at 10.8%, an increase over 7% in the previous year. As in all years, the annual distribution was 4% of the average endowment value, which translated into a spending amount of 6.2m. We sincerely thank all donors who are supporting the school s progress in this way. While our endowment is growing, it still remains a fraction of those in many US schools. Given its importance in the long-term development of INSEAD, building our endowment is a major priority of the school and we invite our donors to continue their support in strengthening it. Allocation of spending from endowment in 2013/ % 39% Endowment at market value ( millions) 42.5 Aug Aug Aug Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug revenue 2014 expenditure 8% % % Aug Aug 14 29% Total revenues in 2013/ m 44% 44% 19% 11% 27% Key Key Key Chairs Scholarships Research Other Degree programmes Executive education programmes Gifts, endowment yield and contract research Other Faculty and research Facilities, IT and support functions Degree and Executive Education programmes

5 8 INSEAD Donors Report 2013/ Empowering INSEAD to advance: new gifts and pledges in 2013/2014 Where did donors direct their gifts in 2013/2014? Collectively you gave 11,123, , , ,404 of which, alumni gave 4,264,375 Given in current funds 4,941, , ,658 & corporations, foundations & friends 6,859,261 Given in endowment 1,425, ,458 4,520,874 Given in capital 4,757,011 Grand total 11,123,636 2,121,079 Increase in gifts over the last four years in million Key 2013/ / / /2011 Key 1,994,609 2 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Asia campus expansion Research Scholarship and financial aid Dean s annual fund Unrestricted gifts Campus facilities Centre for Economic Growth in Abu Dhabi Endowment (general) Gifts for specific projects and events

6 10 INSEAD Donors Report 2013/ Alumni and friends: partners in INSEAD s evolution Dear INSEAD donor, Thank you for the support that you have given to INSEAD, The Business School for the World. As a global donor community, the reasons why you support INSEAD vary widely. In keeping with your unique motivation and expectations, our team works to ensure that the impact you want to create and the engagement you want with the school is realised in full. Motivations to give to INSEAD are as unique as the person making the decision to provide support. Your reasons range from giving back to the school where I had the best experience of my life, to providing opportunities to talented men and women, honouring a loved one, expressing a deep belief in the power of INSEAD s education to make a change and partnering with the school to push the frontiers of knowledge. Singular as each motive may be, it is very gratifying to witness the trust placed in the school and the satisfaction of doing something significant through INSEAD. I am delighted to report that in 2013/2014 the total of your gifts and pledges increased by 6% on the previous year. The impact of your gifts is immeasurable. The following pages are intended to give you a sense of how your gifts are translating into building the school s reputation, extending our global learning community and forging a strong future. In our goal to bring you closer to INSEAD, we are increasing engagement opportunities for all donors. Alumni, individual friends and corporations will have further access to the school s global talent and latest research. The Corporate Associate Programme has been revamped with additional opportunities and improved visibility. We will enhance our recognition programme for all donors both alumni and non-alumni to express our appreciation fully. I also wish to thank the thousands of volunteers who give their valuable time and expertise in support of the school s activities. My special thanks go to the Chairman of the INSEAD Alumni Fund Leonidas Los and the global directors and trustees of the IAF your help has been vital to our efforts. I would like to thank the INSEAD Alumni Association President Sven Kado, the National Associations, Global Clubs and National and International Councils for their amazing support. To the members of the Board and the Advisory Council I offer my gratitude for your counsel and leadership it is a privilege to work with such an esteemed group of leaders from around the world. Under Dean Ilian Mihov s inspiring leadership, we will continue to work together to raise the excellence, innovation and relevance of our school to a new level. These are exciting times to be part of the INSEAD donor community. I thank you for offering your unique motivation and contributions to our school s future success. Joanne Shoveller Associate Dean Advancement and Alumni Relations

7 12 INSEAD Donors Report 2013/ Advancing INSEAD: alumni gifts in 2013/2014 Where did alumni direct their gifts in 2013/2014? Total alumni gifts and pledges 4,264, Bronze Salamander holders 2,290 Green Pin holders 162 Silver Salamander holders 176 Blue Pin holders 76 Gold Salamander holders 775 Black Pin holders Total number of alumni donors 2, Platinum Salamander holders 4 Millennium Salamander holders IAF results: new records 21% increase in new gifts and pledges over 2012/ % increase in alumni donors 1,919, ,106 IAF Chairman IAF Trustees Leonidas T. Los MBA 75 IAF Global Directors Gérard Despinoy MBA 95J, France Dorothée Deuring MBA 96D, Switzerland Bettina Langenberg IEP 97Oct, Germany Caroline van Scheltinga MBA 88J, USA Alexandra von Schroeter MBA 87J, Canada Paolo Senes MBA 01D, Belgium Cintia Tavella Gomez MBA 07D, Singapore Virginia Brumby MBA 09J, Singapore Alexandre Dias da Cunha MBA 91D, Portugal Nikolaos Fotilas MBA 07J, UAE Nourdin Hadj-Larbi MBA 08D, Singapore Christophe Hamal MBA 08D, Belgium Paul Huysmans MBA 05J, UK Roberto Italia MBA 94J, Italy Youssef Kamel YMP 00S, Lebanon Frederic Lammens MBA 09J, Belgium Miguel Moresco MBA 01D, Australia Yasemin Okur EMBA 13D, Singapore Laura Qiu EMBA 11D, China Diederik van Rappard MBA 99J, The Netherlands Brigitte Reverdin MBA 81J, Switzerland Almir Salimov MBA 09D, Russian Federation Key Scholarships & financial aid Research Dean s annual fund Facilities 693, , , ,304 66,305 Endowment (general) Asia campus expansion Gifts for specific projects and events

8 14 INSEAD Donors Report 2013/ Alumni support fuels INSEAD s advancement Dear fellow alumni and friends, Our pride in our school and belief in its mission are manifested increasingly through wider alumni support. This is a promising indication of maturing awareness of the resources our school needs to maintain its leading position in the world. Dean Ilian Mihov s clear and constant message that fundraising is critical to the future of our school is inspiring new engagement from our community and for this we are most grateful to him. There were 312 new alumni donors last year, an increase of 19% compared to 2012/2013. Gifts and pledges below 50,000 rose by 21% over the same period, indicating that alumni participated at all levels. On behalf of the IAF trustees, I warmly thank you for your engagement. Your collective gifts are providing much-needed funds to invest in the future and build quality in every part of the school s activities. They are helping our school to compete with peer institutions and to preserve INSEAD s exacting standards, reflected in the fact that an INSEAD degree continues to be one of the most prized in the world. I would also like to take this opportunity to thank our fundraising volunteers for their dedication to this important activity and in particular the Board of the IAF. They are exemplary in giving in kind and selfless in their service to the INSEAD community. I am delighted to welcome Caroline van Scheltinga, MBA 88J, who joins the IAF Board as a Global Director. Her experience will prove invaluable. Furthermore, I would like to thank the INSEAD Alumni Association President Sven Kado, MBA 72, for his continued passion and service to the school s alumni community. Our work and the enjoyment we draw from it would not be possible without the encouragement and commitment of Joanne Shoveller, Associate Dean, Advancement & Alumni Relations, and her team. They are indeed integral to our efforts to increase alumni support and to serve the alumni community. Building INSEAD s future requires teamwork, partnership and alumni uniting to support the school. Your participation at every level counts and every gift, whatever the amount, is a gift that enables the school to take a step forward. So I ask you to remember INSEAD in your annual giving. Remember also to share your enthusiasm for INSEAD with fellow alumni. Together we can take INSEAD to even greater heights. With gratitude and best wishes, Leonidas T. Los, MBA 75 Chairman INSEAD Alumni Fund

9 16 INSEAD Donors Report 2013/ Scholarships are a powerful means to attract and retain the best candidates to our programmes and enhance diversity.

10 18 INSEAD Donors Report 2013/2014 Ensuring excellence and diversity in the classroom: student financial aid Thank you to all donors who gave to scholarships and the INSEAD Loan Fund. Your support is helping INSEAD to attract the brightest students and sustain true diversity in our classes. Outright gifts during the year and yield from past endowed gifts enabled the school to award scholarships to 220 students in the classes of 15J and D, that is 21% of the combined classes. We are pleased to report that the average scholarship amount rose from 12,600 to 13,600 this year. The INSEAD Loan Fund for MBA students grew by more than 200,000 thanks to alumni support, thus providing more deserving students with the opportunity to join INSEAD. While the donor honour roll that concludes this report gratefully acknowledges the support of all donors in the year, we would especially like to recognise the following classes, individuals and corporate donors. IAF Diversity Scholarships: More than 500 students have benefited from these scholarships since 2001 INSEAD Alumni Fund Diversity Scholarships The Class of 68 was the first class to study on the Fontainebleau campus. Led by fund chairs Edward Mork, Anthony Simon, Angelo Abdela, Duncan Payne and Jürgen Zech, they raised more than 102,000 for the MBA 68 IAF Diversity Scholarship, the highest amount as well as the highest percentage of participation for a 45-year anniversary class gift. The school thanks François Vachey for his significant gift to this initiative. The first scholarship was awarded to a Taiwanese student in the class of 15J. The Class of 69, led by Goran Elfverson and Gerald Kempf and also celebrating their 45-year anniversary, were close contenders for the highest amount, raising more than 100,000 for the MBA 69 IAF Diversity Scholarship. The school thanks Christoph Tribull for his significant contribution. The first scholarship from this class gift will be given to a student from the class of 15D. The Class of MBA 79 earmarked 40,000 from their class gift towards the MBA 79 IAF Diversity Scholarship. The school would like to thank Findlay Black for his generous support. The first award has been made to an Indian student from the class of 15J. The IAF Diversity Scholarships received significant funds from anniversary gifts from the classes of 63, 78, 83J, 88D and the classes of 09J and 09D. The school thanks Piet van Waeyenberge, MBA 63, Egbert Willam, MBA 78 and John Singer, MBA 78, for their generous gifts. The 09J and 09D classes, celebrating their five-year anniversary, achieved exemplary participation rates for their fundraising project. My time at INSEAD will enable me to contribute to the economic development of my country I took a degree in international development at a private liberal arts college in the USA before joining a legal services firm in Myanmar where I have been working as a business researcher and corporate affairs manager for the last two years. My work has exposed me to a variety of industries and business issues in this rapidly emerging market as I help foreign investors understand the local business and policy environment for their market entry projects. I decided to take an MBA degree in order to broaden my knowledge of current international business issues and to deepen my business knowledge through academic and analytical work. I chose INSEAD because of the school s distinguished faculty, its academically rigorous programme, and the diversity of the student population. I strongly believe that the knowledge I acquire and networks I form during my time at INSEAD will enhance my ability to contribute to Myanmar s future economic progress. I am extremely grateful for the financial support of the IAF Diversity Scholarship, which has enabled me to attend the INSEAD MBA programme. Khant Khant Kyaw MBA 15J Burmese IAF Diversity Scholarship recipient Meet the scholars

11 Meet the scholars Denys Bilodid MBA 15J Ukrainian INSEAD Alumni Association (IAA) Scholarship recipient Good things happen if you try hard My father died when I was a small child and consequently my mother had to work hard to bring me up. As a result, I had to become independent earlier then my peers. I went and came back from school alone and my mother almost never checked my homework. I knew that I would never let her down, so I did my best and studied well. I understood very early that we were a team and a team could succeed only if each member did his part of the job well. I finished school, got top marks in everything and decided that I would look for work in a bank. I studied economics and law at university and negotiated part-time work in a bank. I needed a flexible study schedule so I proposed a deal with the university dean if my grades went down the deal would be off. He accepted it. By 22, I was a branch manager and by 24 at the head office of the local subsidiary of Commerzbank. This brought me into contact with a German management consulting firm and the local director asked me to join them. During the last three years the projects took me to Austria, Russia and Germany. Soon I understood that if I wanted to try and find a job outside Ukraine I would need a degree from a well-known school. I decided that I needed an MBA. When I was offered my place at INSEAD, I was unsure whether to accept it as the money was a big worry. I applied for all the scholarships I could. To the IAA Scholarship donors I would like to say thank you, not only for the money but also for believing in me. The scholarship gave me the feeling that good things can happen if you try hard. Most of all I am grateful for this chance; I will not let them down. The INSEAD Alumni Association Scholarship The Class of 74, led by Eberhard Crain, raised 90,000 towards the INSEAD Alumni Association (IAA) Scholarship Fund. The school is pleased to acknowledge Philippe Houzé for his major contribution to the scholarship in the year. The INSEAD Loan Fund Surpassing their previous fundraising results, the Class of 88J, under the leadership of Wouter Jongepier, raised 220,000 for the INSEAD Loan Fund a critical financing vehicle that the school is developing to help students in countries where access to fair loans is particularly difficult. Their record-breaking results, for a 25-year anniversary class gift, owed much to the matching gifts from Henry Engelhardt and David Stevens. To the IAA Scholarship donors I would like to say thank you, not only for the money but also for believing in me. Denys Bilodid 21

12 22 INSEAD Donors Report 2013/2014 In memory of Antonio Borges In the summer of 2013, our former dean, Antonio Borges, sadly passed away. Antonio was the architect of our expansion in Asia, which today is recognised as one of the key differentiators of INSEAD. He was also a passionate advocate of the need to build a strong research culture to complement our high teaching quality. Alumni and colleagues expressed their desire to honour his memory and, with the consent of his family, the Antonio Borges Endowed Scholarship was established. The first major donation came in January 2014 from a generous alumnus who transferred the endowed fund that he had created in 2008 to the Antonio Borges Endowed Scholarship. Subsequently, the scholarship, which is reserved for candidates who demonstrate outstanding academic achievements and enhance class diversity, has received additional funding from Antonio s friends, colleagues and INSEAD alumni. The school thanks all donors to the scholarship, particularly Paulo Cartucho Pereira, MBA 87J, and Charles Manby, MBA 89D, who provided matching gifts. Thanks to tribute events in both Portugal and the UK, substantial funds were raised and the scholarship s endowment now stands at 500,000. The yield will enable the school to make an award to a student in each class. Antonio Borges ( ) INSEAD would like to recognise the following donors for their substantial gifts to the Antonio Borges Endowed Scholarship: Michael Butt MBA 67 Paulo Cartucho Pereira MBA 87J Philippe and Martine Haspeslagh-Van den Poel Samuel Laidlaw MBA 81 Andreas Lehmann MBA 83J Charles Manby MBA 89D George Muller MBA 65 James Pike MBA 84J Michael Pragnell MBA 72 I warmly applaud those alumni who have undertaken to double donations. It is inspiring to have generous peer alumni support our personal acts of tribute. It is equally gratifying to know that the impact of the scholarship will increase with each participation. Andreas Lehmann MBA 83J Andras Vastag MBA 15J Hungarian Antonio Borges Scholarship recipient Singapore in my heart I was born in Budapest, Hungary and barely left the country until I had a chance to go to Switzerland for a semester in my third year at university. That s when things changed for me. I met people from other nationalities, my eyes were opened and I realised what a small portion of the world I had experienced. I decided I wanted to have a more international life. I studied finance and international management and completed two 6-month internships in Singapore and Seoul. I returned to Hungary for a post with Citibank but cost restrictions meant that the international mobility I had been promised didn t materialise. Even though it was from the best university in the country, my degree wasn t well recognised outside Hungary, so applying for international positions was difficult. I felt any other move would be a step back, so I applied to INSEAD, because it has a global reputation, it is international and well known for its diversity. Without my scholarship I could not have taken up my place. My partner left her job to come with me and because Hungarian salaries are generally low, we would have been unable to meet the fees, even though we always lived quite frugally. Scholarships are so, so important. They transform the experience from being a struggle constantly worrying about making ends meet into peace of mind. Psychologically and economically, it makes a huge difference. My dream after INSEAD is to stay in Asia, specifically in Singapore, a country I love very much. The culture there is very similar to that of INSEAD: people work hard and play hard. I would like to work in corporate financial management, preferably in the technology sector. I enjoy understanding the big picture and I feel that once you understand a company s finances, you can understand its strategy, strengths and weaknesses. Meet the scholars

13 24 INSEAD Donors Report 2013/2014 Louis Vuitton Scholarship Louis Vuitton made a new gift to their scholarship, established in The scholarship provides significant support to Chinese or Indian MBA candidates. To date, 14 MBA students have benefited from this scholarship. L Oréal Scholarship L Oréal has been investing in INSEAD scholarships for over 16 years. In 2013/2014 the company made a new gift for the L Oréal Scholarship, which supports students demonstrating creativity, innovation and entrepreneurial spirit. We are delighted to announce that L Oréal has pledged to increase the scholarship amount in Russian Alumni Scholarship The Russian Alumni Scholarship was created in 2010 by a group of Russian alumni led by Alexei Beltyukov, MBA 97D, with the purpose of supporting INSEAD s efforts to attract top talent from Russia to the MBA programme. Further notable support for the scholarship in 2013/2014 came from: Alexei Beltyukov and Olesya Chikunova MBA 97D Denis Bugrov MBA 00D Sergey Grechishkin MBA 97D Vladimir Yakushev MBA 97D Reaching for the sky I m from a military family so we moved from one town to another in Russia until my parents settled in Moscow, where I went to university. I took economics, international management and marketing and graduated at the beginning of 2009, right in the middle of the financial crisis. I applied to every open position I could find. I was lucky to get an offer from Procter & Gamble in market strategy and planning. From there I moved to Anheuser- Busch InBev as a management trainee; then I was headhunted by Unilever and spent three years in the company. I wanted a deeper understanding of teamwork and developing people, so I decided to do an MBA. I wanted an international experience, to explore the booming regions of Asia and the Middle East. INSEAD fitted perfectly. Meet the scholars It was crucial for me to get this scholarship. I was in a meeting when the Congratulations message showed up on my cell phone. I was so happy I could hardly sit through till the end of the meeting. Yulia Andreeva Mid-term, I would like to gain skills in management consulting. But my ultimate dream is to work in aviation. I love the whole travel experience. I have taken flying lessons: they were scary but great! I wanted to experience flying as both a passenger and a pilot. Long-term, my aim is to work for one of the top airlines and impact the passenger experience at airports and in-flight. I m already in touch with INSEAD classmates and alumni who know the airlines industry. INSEAD is the only school I applied to. But on a Russian salary I was not able to save much. I applied for a loan but was initially refused. So, it was crucial for me to get this scholarship. I was in a meeting when the Congratulations message showed up on my cell phone. I was so happy I could hardly sit through till the end of the meeting. That same day I reapplied for my loan and in one week it was granted. It was wonderful! Yulia Andreeva MBA 15J Russian Russian Alumni Scholarship recipient

14 27 Meet the scholars Follow your heart you will be good at what you do I grew up in Oslo and at first started to study law but I missed fact-based subjects, like chemistry. So I later applied to study for a Master of Pharmacy and eventually specialised in immunology. Norway Scholarship The Robin Hood Scholarship Meet the scholars Anne Sveaass MBA 15J Norwegian Norway Scholarship recipient My course took me to Mali to interview healers who were using a particular plant to treat malaria. This led to a collaborative study between Bamako and Oslo into the properties of this plant. While I was in Mali, a lot of things were not working in the rural areas. Back in Oslo I started a student group for Pharmacists Without Borders (PWB), which ran collaborative projects with pharmacy students in Mali. PWB is an NGO, supported by Norwegian pharmacy chains and fundraising. After two years, by which time I was working in sales for Merck, I became chair of PWB as it extended its reach into Zambia and Ghana. PWB works with local pharmacists to improve production methods, logistics communications, supply, resource allocation, transport and treatment delivery methods. In Zambia I saw that a major challenge for medicine and healthcare is the lack of facilities and education. There are not enough pharmacy professors in the universities, so students leave to study abroad and either do not return or go into the private sector. In particular we looked into the preparation of cancer medicine in hospitals, which was done in a manner unsafe for both manufacturer and patient. Looking to the future, I want to be part of the movement to take medicine and healthcare into other emerging markets. I had expertise in pharmaceuticals but I needed the tools to make business decisions and be able to move on to managerial positions. I applied only to INSEAD for my MBA because it is so international, so multicultural and it has an entrepreneurial soul. I visited it and knew that it was my school, my place. I had to self-finance my course, so a scholarship was critical. The day I received the scholarship was a very happy day. BCG Norway made a generous gift to the Norway Scholarship. Created in 2010 by three corporate members of the INSEAD Norway Council, the scholarship is intended to spur the development of future Norwegian business leaders with an international orientation. Communication on the scholarship was strengthened through advertisements by Schibsted, who renewed their support during the year. Jewish Scholarship David Ades, MBA 02D, and Alan Philipp, MBA 67, made significant gifts towards the Jewish Scholarship. This scholarship has been running for many years and we are grateful for the continued support it has received. MBA students on campus continued their great tradition of fundraising for a scholarship to be awarded in the following classes. We are delighted to announce the results below. INSEAD thanks the MBA students, Advanced Management Programme participants, faculty and staff for their generosity. Class Amount Participation Scholarship MBA 14J 24,000 83% I applied only to INSEAD for my MBA because it is so international, so multicultural and it has an entrepreneurial soul. I visited it and knew that it was my school, my place. Anne Sveaass Robin Hood Scholarship for 15J class Robin Hood MBA 14D 10,643 52% Scholarship for 15D class

15 28 INSEAD Donors Report 2013/ INSEAD s reputation as a leading business school is due to its academic excellence and thought leadership.

16 30 INSEAD Donors Report 2013/2014 Driving research and learning innovations: gifts to research To be a leader in management education implies not only excellence in teaching and continuous pedagogical innovation, but also requires our school to be at the forefront of knowledge creation. Today, INSEAD has become a leader in academic research. True to our values we strive to publish academic articles that are not only rigorous but also relevant for practitioners. Impactful research, however, requires time and financial resources. INSEAD is fortunate to have alumni and corporate friends who partner with the school in this core activity. Their gifts have played a key role in INSEAD s exponentially increasing reputation in research and teaching. The academic year 2013/2014 brought many accolades: from top positions in academic rankings and case surveys to prestigious research awards. Donor trust and generosity continued, providing critical means for faculty to advance knowledge and learning. Creativity and business We thank Gary Wang, MBA 02J, who made a leadership gift to establish the INSEAD Creativity-Business Platform. The gift enables a major advance in innovation, building on the endowed fund previously established by Heinrich Baumann, MBA 72, and his wife Esther Baumann-Steiner. The Platform will bring together business managers and industrial designers, enabling research in the emergent field of experience innovation and new content for classes on creativity management. Family enterprises Wendel made a new gift to the Wendel International Centre for Family Enterprise. Wendel s support since 1997 has been essential in advancing INSEAD s knowledge creation in family enterprises. Their new gift will help underwrite and maintain the activities of the Wendel International Centre at INSEAD. This includes the organisation of all INSEAD events, presentations and educational programmes that benefit family firms across the globe. The school is also pleased to acknowledge Werner Baier, MBA 69, who made a significant contribution to the Family Business area. Centre for Economic Growth The Consolidated Contractors Company (CCC) and Crescent Petroleum have each made generous contributions to help launch the Centre for Economic Growth at INSEAD s Abu Dhabi campus. The Centre will carry out research on the key economic topics impacting the MENA region and encourage private sector engagement in challenges such as youth unemployment, job creation and sustainable and inclusive economic growth. The Creative-Business Learning Platform sponsored by the generous gift of Gary Wang has been a crucial catalyst to help us re-imagine how to teach creative thinking in our MBA programme. We are transforming the teaching of creativity into a handson learning experience that combines theory in creativity with practice in design. This requires the configuration of new physical spaces, the use of novel materials and tools and the development of innovative and relevant content. We are working with faculty and design students from the Art Center College of Design (Pasadena, California) as well as industry partners from various design firms to develop novel learning experiences that integrate creative and business thinking for successful innovation management in organisations. Our current efforts are building upon the 10-year collaboration with the Art Center College of Design supported by the Heinrich and Esther Baumann- Steiner Endowed Fund for Creativity and Business. Manuel Sosa Associate Professor of Technology and Operations Management

17 In the spotlight 33 Gary Wang MBA 02J Founder and CEO Light Chaser Animation Studios Entrepreneur Gary Wang is something of a polymath in the media industry. A novelist, screenwriter, ballet librettist and playwright who set up the phenomenally successful video-sharing website Tudou, Gary has made a S$1 million donation to the new INSEAD Creativity-Business Platform. Creativity is a critical power in making sustainable business success, he explains. In the past decade, we ve seen innovation evolving in an accelerated manner and with a broader horizon. Convergence is happening everywhere, particularly around art and technology. INSEAD has been strong in innovation and I hope to further strengthen it in this area by supporting this practical creativity platform. We hope this initiative will foster creative business ideas and, eventually, a mindset that is always open to new possibilities. Gary Wang was born in Fujian in southeast China in Initially an admittedly indifferent student, his attitude changed when he moved to New York in 1993 and took a degree in international business at the College of Staten Island. He described his time in the US as eye-opening. I realised that there are people with very different ways of thinking. He was particularly inspired by his English professor at Staten Island, who gave him credit for the original ideas in his work rather than penalising him for the grammatical errors in his newly learned English. Gary went on to study computer science at Johns Hopkins University in Baltimore, then came to INSEAD to take his MBA. After graduating from INSEAD, he became corporate business director at the German media group Bertelsmann in China before founding Tudou in Gary saw Tudou as a way to bridge the huge gap between those people who have creative ideas and talent, but cannot get their work to the audience because of the restrictions placed on television content in China. Within six years, the number of registered Tudou users had grown to over 90 million. In 2012 Tudou merged with its largest rival in China and was valued at US$1.2 billion. Gary s current project is the Beijing-based Light Chaser Animation Studios, which produces animated films. This will put him head-to-head with Hollywood studios keen to capture the booming Chinese movie market. But Gary is not afraid to take on the big players with the new creative team he has recruited from the US as well as China: There are very few animation movies that Chinese people can call their own. It will take time, but this could be potentially bigger than Tudou. Creativity is a critical power in making sustainable business success.

18 34 INSEAD Donors Report 2013/ Corporate social responsibility The Isaac Dreyfus-Bernheim Stiftung, a new foundation created by Dreyfus Sons & Co. Ltd, Banquiers, made a leadership gift to the school s Corporate Social Responsibility Research Fund, critical to continued research in the area. INSEAD thanks the bank s Vice- Chairman Pierre Dreyfus, MBA 76, for his invaluable role in this support. INSEAD European Competitiveness Initiative (IECI) Lionel Sauvage, MBA 87J, made a major pledge to the INSEAD European Competitiveness Initiative to help support the running costs of the Initiative as its activities gain momentum. Thierry Breton, a close friend of the school, made a generous gift facilitated by the Bank of America to support case writing and data access at the IECI. Andreas Jacobs, MBA 90D, and presently Chairman of the INSEAD Board, made a significant gift in support of the Initiative s outreach. Entrepreneurship and social entrepreneurship Andy Phillipps, MBA 99J, made another significant gift to the Entrepreneurship Teaching Innovation Fund, which he created with Timothy Bovard, MBA 89J, in The fund has been key to the development of INSEAD s innovative teaching methods, courses and materials, including the development of the successful Your First Hundred Days elective and award-winning case studies. The Apax Foundation made a major new gift towards social entrepreneurship scholarships and research. The school would also like to recognise Chris Broad, MBA 88D, for his gift towards Social Entrepreneurship. Enhancing executive education programmes INSEAD Board member Sandy Ogg made a generous donation to fund a survey that will help our executive education programmes to reach out to new markets. Besides enhancing INSEAD s reputation in this sector, the donation will also help us to better understand corporate needs a founding commitment of the school. Research on emerging economies Luis Freitas de Oliveira, MBA 93D, made a generous gift to support research with a focus on emerging economies. The gift made to the PhD programme, highlights both a key research area for the school and the importance of our doctoral students in advancing INSEAD s thought leadership. Learning innovation The Doriot Fund for Innovation and Excellence in Management Education received new gifts from both The Beaucourt Foundation and The James M. and Cathleen D. Stone Foundation. The school is grateful to the Foundations for their support over many years. Their latest gifts to the Doriot Fund will help the school to enhance learning innovation, particularly the use of digitalisation in the learning experience. In memory of Dominique Héau Eminent professor Dominique Héau, deeply respected and loved by his colleagues and students, sadly passed away in the summer of To honour his immense contribution to the school, a special memorial fund was created. Gifts will be directed to the Dominique Héau Award for Pedagogical Innovation and Mentoring and will also enable us to name a meeting room in the East Wing of the Europe campus after him. Special thanks go to Professors Peter Zemsky and Javier Gimeno for leading the initiative and to Dominique s colleagues, friends, EMBA alumni and executive education participants who generously expressed their support. Dominique Héau ( ) General research The Class of MBA 83D made a valuable 30- year anniversary gift to help advance faculty research. Their gift will help to provide seed money for new research projects, particularly sought by our young faculty. How your gift to INSEAD translates into impact across the world: The story of Apax Foundation s gifts Since 2008, the Apax Foundation s support for the INSEAD Social Entrepreneurship Initiative has enabled exceptional leaders in the field from around the world to join INSEAD s Social Entrepreneurship Programme (ISEP). The ISEP Scholarship Fund helps bridge the financial gap faced by many who come from low-income areas and seek to address neglected but important social issues in their countries. The fund has enabled over 100 INSEAD participants to gain the top-level strategy, management and innovation knowledge and frameworks needed to develop and scale practical solutions. In addition, Apax Foundation selects two outstanding leaders in the field each year for a full scholarship to the programme. The funding from Apax has also allowed the school to develop a strong research agenda in areas such as scaling social innovations and corporate social entrepreneurship. Finally, it has enabled the development of partnerships that have taken INSEAD Social Entrepreneurship programmes to new audiences in southern Europe, Africa and southeast Asia, reaching more than 1,000 participants.

19 36 INSEAD Donors Report 2013/ Unrestricted gifts are highly appreciated as they give the school the flexibility to strengthen areas of priority and seize new opportunities.

20 38 INSEAD Donors Report 2013/ Powering a flexible, agile school: unrestricted gifts in current funds and to the endowment Dean s annual fund: funds raised in 2013/2014 and allocation Unrestricted gifts in current funds and endowment INSEAD thanks all donors who provided the Dean with the resources to support areas of priority in realising our vision. Thanks go equally to the donors who made unrestricted gifts to the school s endowment. While the Dean s Annual Fund disburses gifts in the academic year, gifts to the endowment are helping us to build the school s financial foundation and to plan for the future. Dean s Annual Fund Your gifts to the Dean s Annual Fund give me the flexibility to direct resources in vital areas that are critical to our competitiveness and in strengthening our global network. In 2013/2014, your gifts were channelled in three areas building our brand, strengthening our Career Development Centre and in reinforcing our global network. In each of these areas, your gifts have fuelled projects that have been instrumental in driving learning innovation, building great services for our students and interaction within our community. On behalf of the school, my sincere thanks for your belief and trust in my vision for the future success of INSEAD. We are especially grateful to the following donors for their gifts to the Dean s Annual Fund: Pierre Bastid MBA 85J Rémy Best MBA 93D Philippe Cloesen MBA 94J Paul Desmarais Jr MBA 79 Peter Guberan MBA 86 Franz Humer MBA 71 Leonidas Los MBA 75 Leon Lowenstein Foundation Stichting Benevolentia Wolfgang Schaefer MBA 87D Dieter Voegtli MBA 91D Class of EMBA 09 Total value of gifts and pledges to the Dean s Annual Fund in 2013/2014: 745,458 Total value of gifts received to date: 531,000 Allocation area details 124,000 Number of donors: ,000 Key Strengthening global network MyINSEAD (INSEAD community portal) Alumni magazine Alumni forums Brand and Reputation Digital communications Research initiatives Global business Leaders conference Ilian Mihov, Dean of INSEAD 209,000 Career Development Student summer projects Benchmarking and action plan Rankings study for degree programmes

21 41 Rémy Best MBA 93D Managing Partner Pictet Group & Chairman of INSEAD s Endowment Committee A beautiful thing each day Success is always reached thanks to a group of people, says Rémy Best, MBA 93D, Managing Partner of the Pictet Group, one of the leading independent wealth and asset management groups, headquartered in Geneva, Switzerland. This was an early lesson he learnt during his MBA year at INSEAD. You are not alone with your problems or solutions. If you understand this fact, then you can share and make other people shine. Helping others shine is Rémy s personal commitment, especially in his leadership role in the firm. His main objective at Pictet now is to make sure I give others the chance to succeed. Both individual and organisational success is important to him. At INSEAD, he is happy to spend time interviewing MBA candidates and has donated generously to scholarships: I believe in giving the bright guys the possibility to join the school. And vice versa, INSEAD flourishes by having these talented candidates become part of the school s global network. It s a win-win situation for both sides. Rémy commits time and expertise as an INSEAD Board member and as the Chairman of the school s Endowment Committee. At INSEAD, an independent school that does not benefit from university affiliation and funding, gifts are not embellishments, he emphasises. Gifts are vital to the school s continuous excellence and development. This appreciation has inspired Rémy to make significant donations allowing the school to invest in areas of priority. It s my duty to give back, says Rémy. I am very fortunate to have benefited from a good education, a loving family and a safe country. A private person, Rémy gives high priority to work-life balance. Life is a marathon, not a sprint. I have known too many sprinters who have had to stop along the way. He dedicates time to his wife and children and keeps some time for his own interests. An accomplished pianist, he loves gardens, landscape architecture and chocolate-making. A personal recommendation? At the end of every day, try to remember the most beautiful thing that happened that day. If you can do so, then it has been a day worth the while. It can be something very simple a flower, a great project, reaching out to a colleague or making a gift. Unrestricted gifts for INSEAD s endowment INSEAD is privileged to recognise all donors who help to strengthen our endowment. We would especially like to recognise the MBA classes 04J and 04D who together raised nearly 116,000 for the school s endowment during their ten-year class anniversary. The Class of 04J was led by Ogden Hammond and Lutz Finger and the Class of 04D by Michael Wingenroth, who inspired a great 54% of the class to invest in the future of the school.

22 42 INSEAD Donors Report 2013/ Integral to the INSEAD learning experience, campus facilities have enduring emotional associations that go beyond bricks and mortar.

23 44 INSEAD Donors Report 2013/ Developing state-of-the-art facilities: Asia campus expansion and Europe campus renovation All of INSEAD s three campuses embody the school s unique history and spirit. Connected virtually and through constant exchanges, they are arenas of learning and interaction for our global community. Donor support is important to growing and changing our facilities so that they match the highest standards and serve our mission of excellence. INSEAD thanks donors who have helped in the creation of the Leadership Development Centre, part of our Phase III expansion of the Asia campus. Your collective giving helped us to raise over S$20 million for the strategic development of our school. We also thank donors for their gifts to renovate and refurbish our Europe campus, where the INSEAD story began for so many of us. Asia campus expansion INSEAD gratefully thanks Edward Soeryadjaya, Edwin Soeryadjaya, Joyce Kerr Soeryadjaya and Judith Soeryadjaya for their leadership gifts for the Asia campus expansion. Their gifts highlight the long and respectful relationship between the Soeryadjaya family, Astra and INSEAD, founded on the educational programmes that first brought Astra executives and INSEAD faculty together almost 40 years ago. The Soeryadjaya family gifts are their second major contribution to INSEAD. The first was made in 1984 and helped substantially in the building of the Euro-Asia Centre on INSEAD s campus in Fontainebleau. INSEAD is honoured to name the 70-seater amphitheatre in the new Leadership Development Centre The William and Lily Soeryadjaya Amphitheatre. Diageo has made a significant sponsorship contribution to the Leadership Development Centre, strengthening the excellent relationship between the two organisations that spans recruitment, educational programmes and shared values. INSEAD is pleased to name the lounge in the new Centre and the Residence Bar after Diageo. Several generous gifts have contributed to the success of the initiative to name an amphitheatre in the Leadership Development Centre after Professor Henri-Claude de Bettignies who pioneered INSEAD s presence in Asia.

24 46 INSEAD Donors Report 2013/ INSEAD is delighted to recognise major gifts from Christina Law, MBA 91D, David Syz, MBA 72, and Professor Ian Woodward towards the Asia campus expansion. We are pleased to name meeting rooms in the new Leadership Development Centre after each of them. Brick campaign The INSEAD Brick Campaign was launched in 2014 as an exciting opportunity to support the INSEAD Asia campus expansion. Bricks are available for naming at five different price points to allow everybody to participate at the level at which they feel most comfortable. So far, the project has received an exceptionally broad interest and donors include not only alumni from many INSEAD programmes but also faculty, administrative staff, national alumni associations and corporate supporters. INSEAD thanks all donors who gave to the renovation of Amphi A through the Amphi Seat Sale. We are delighted to report that donor gifts to this project have reached 1 million. Half the money raised will provide funds for the renovation of Amphi A and the other half will be directed to the IAF Diversity Scholarships. The Mews, launched in 2012/2013 with the support of Accenture, received two further generous contributions from the firm. It continues to be a central point for entrepreneurship students, faculty and alumni alike to meet, exchange and hold events. We thank Accenture for their continued support. Close to 150 bricks have already been named and we are delighted to thank the donors who responded positively to this appeal. Europe campus enhancement Renovation of the Europe campus, particularly in and around the Camembert area, will be partly financed by a gift from the Class of 73. Led by Fund Chairs Edward Krubasik, James Kelly, Philippe Alexandre and Paco Moreno, the class raised over 260,000, the highest amount achieved for a class returning after more than 40 years. INSEAD is very pleased to acknowledge lead gifts from Jacques-André Gelin, James Hanson, James Kelly and Rudolf Maag.

25 48 INSEAD Donors Report 2013/2014 Loyal donors: constant partners in building our future In the spotlight Towards a cohesive society For me, philanthropy is a part of living responsibly in society, one of many ways of showing our solidarity with the communities that are part of our life, says Luis Freitas de Oliveira, who is a portfolio manager with the Capital Group. The motivation is not dissimilar to the one behind paying your taxes, taking your political rights seriously and engaging with civil society. Moreover, he says, in many countries, philanthropic gifts allow us to direct public resources to our causes because, at the end of the day, the tax deduction made on charitable gifts translates into investment of public resources in them. It is a great way to both extend the impact of our contribution and express our individual values! While Luis has given to other areas at INSEAD, scholarships hold a special place for him. They tie in closely with his deep belief that promoting inclusiveness in business spurs greater socioeconomic mobility. Business must not be the privilege of the elite few. Its role in building an inclusive society is second only to education. Building this cohesiveness is, in Luis eyes, fundamental for a modern, open and democratic society. If, through giving to scholarships, I can help INSEAD to deliver high-quality business education to deserving, bright students who otherwise would not have access to it, then I am making a small contribution to building a fairer and more cohesive society. Luis Freitas de Oliveira MBA 93D Portfolio Manager Capital Group 15 Years of Giving A self-described ordinary INSEAD person, Luis has been giving consistently to INSEAD since What differentiates INSEAD, he says, is its pursuit of excellence while embracing diversity in its richest, broadest sense. Contrary to schools that are melting pots, INSEAD embraces a whole range of differences in lifestyles and ways of thinking, teaches tolerance and respect for those differences. Luis says that what is most impressive about INSEAD is that there is no trade-off between excellence and diversity. Diversity serves as a means to attain excellence. Diversity at INSEAD is a source of insight and strength. Earning my MBA there has been indispensable as I ve pursued my career at Capital Group a company that also prizes diversity and excellence within its culture. I would also note that Capital Group has a very generous matching gift policy, allowing me to increase the impact of my giving to INSEAD and other causes. 217 donating for years 89 donating for over years 124 donating for years 20 donating for over 30 years

26 In the spotlight 51 Sustainability creates the true value of an education Sharyanne McSwain is visibly emotional when she talks about INSEAD: I don t consider INSEAD a one-year experience. I look at INSEAD as a lifetime commitment to an institution it s a part of my life. Sharyanne quit Wall Street in 2007 to become the CFO of non-profit StoryCorps, one of the world s largest oral history archives. StoryCorps funding comes mostly from donations, something that has deepened Sharyanne s understanding of philanthropy: I am looking at philanthropy from a totally different angle and now I really get it. The perspective on revenue is totally different from for-profit organisations. Above all, Sharyanne wants to ensure that the INSEAD experience will continue for others. You go from your regular desk job pre-insead and you are plonked in this big country house with people from countries and cultures you don t know, in the middle of nowhere in a forest in France. As a student, you can t appreciate the fact that at INSEAD you are building relationships with people who are a lifelong support network. It s powerful and magical bonding. Sharyanne McSwain MBA 91J Chief Financial and Administrative Officer StoryCorps 15 Years of Giving A prominent figure in the alumni community, Sharyanne has supported INSEAD continuously for many years. The funding difficulties she experienced when she came to INSEAD she recalls how her fellow participants chipped in to buy her ball ticket motivated her to help students who don t have the means to come to the school, especially women: I am a very strong believer that the female side of the universe is a powerful force in all aspects of life. And women with business education bring an even more powerful force into the world. I would like INSEAD to be the best business school for women. Asked why she puts so much time into voluntary work for the school, Sharyanne does not hesitate: It is important to me to ensure the sustainability, the longevity of the institution. With her experience in the non-profit sector, Sharyanne points out that, Even the most successful institutions need continuous philanthropic support to stay alive. Sustainability creates the true value of an INSEAD education. And I think that s something everybody needs to understand and contribute to.

27 52 INSEAD Donors Report 2013/ A promise for the future: legacy commitments INSEAD honours alumni who believe in its mission and who, besides giving in other ways, are also supporting the school by including INSEAD in their planned legacy gifts. While some donors prefer to direct their future gifts to areas of their choice, most leave the decision to the school. INSEAD is proud to recognise the Georges and Edna Doriot Society donors for their exceptional foresight and generosity and to name them here. Our sincere thanks also to those donors who have expressed their wish to remain anonymous. There are many ways to make a planned legacy gift to INSEAD: bequest intention, designation of a retirement account, insurance policies or gifts of real estate. These are commonly made with full or partial tax relief. By making a bequest in your will, you can ensure that INSEAD, the institution that meant so much to you, will benefit from your generosity many years into the future. The Georges and Edna Doriot Society Angelo Abdela MBA 68 Michael Butt MBA 67 Roderick Chamberlain MBA 70 Beck Chiu MBA 08D John Cutts MBA 76 Teena Fazio MBA 99J J. Peter Hunt MBA 67 Avery Juhring MBA 67 (Deceased) Susan Brookstone Mirbach MBA 84J Patrick Mork MBA 00J Jan Murray MBA 77 (Deceased) Roger Paice MBA 70 Alan Philipp MBA 67 Robert Pine MBA 76 Several donors who wish to remain anonymous My husband and I have included organisations in our estate plans that have had great impact on us for me, one of those organisations is INSEAD. Susan Brookstone Mirbach MBA 84J

28 54 INSEAD Donors Report 2013/ Class results at a glance MBA 60 New gifts and pledges: 300 Participation in the year: 3.2% MBA 71 New gifts and pledges: 49,967 Participation in the year: 7.1% MBA 81 New gifts and pledges: 21,002 Participation in the year: 5% MBA 87D New gifts and pledges: 41,137 Participation in the year: 4.4% MBA 61 New gifts and pledges: 1,598 Participation in the year: 7.9% MBA 62 No new gifts or pledges in the year MBA 63* New gifts and pledges: 31,135 Participation in the year: 8.8% Class anniversary results: 36,865 Class anniversary participation: 17% MBA 64* New gifts and pledges: 81 Participation in the year: 4.8% Class anniversary: no report MBA 65 New gifts and pledges: 26,551 Participation in the year: 5.3% MBA 66 New gifts and pledges: 5,220 Participation in the year: 3.1% MBA 67 New gifts and pledges: 22,786 Participation in the year: 4.2% MBA 68* New gifts and pledges: 84,726 Participation in the year: 28.2% Class anniversary results: 102,508 Class anniversary participation: 29% MBA 69* New gifts and pledges: 80,266 Participation in the year: 20.9% Class anniversary results: 100,266 Class anniversary participation: 22.0% MBA 70 New gifts and pledges: 29,740 Participation in the year: 6.6% MBA 72 New gifts and pledges: 52,201 Participation in the year: 7.3% MBA 73* New gifts and pledges: 245,055 Participation in the year: 16.9% Class anniversary results: 263,110 Class anniversary participation: 14.9% MBA 74* New gifts and pledges: 92,605 Participation in the year: 11% Class anniversary results: 90,000 Class anniversary participation: 9% MBA 75 New gifts and pledges: 179,333 Participation in the year: 6.4% MBA 76 New gifts and pledges: 13,294 Participation in the year: 4.9% MBA 77 New gifts and pledges: 14,363 Participation in the year: 4.9% MBA 78* New gifts and pledges: 52,514 Participation in the year: 12.8% Class anniversary results: 174,005 Class anniversary participation: 18% MBA 79* New gifts and pledges: 275,232 Participation in the year: 11.7% Class anniversary results: 275,232 Class anniversary participation: 11.7% MBA 80 New gifts and pledges: 4,055 Participation in the year: 3.6% MBA 82 New gifts and pledges: 8,124 Participation in the year: 2.9% MBA 83J* New gifts and pledges: 44,847 Participation in the year: 10.1% Class anniversary results: 56,323 Class anniversary participation: 12.8% MBA 83D* New gifts and pledges: 4,012 Participation in the year: 5.7% Class anniversary results: 23,500 Class anniversary participation: 4.1% MBA 84J New gifts and pledges: 22,016 Participation in the year: 10.2% MBA 84D New gifts and pledges: 19,009 Participation in the year: 7.6% MBA 85J New gifts and pledges: 18,014 Participation in the year: 6.8% MBA 85D New gifts and pledges: 4,058 Participation in the year: 3% MBA 86J New gifts and pledges: 2,009 Participation in the year: 2.9% MBA 86D New gifts and pledges: 16,370 Participation in the year: 6.2% MBA 87J New gifts and pledges: 221,810 Participation in the year: 4.4% MBA 88J* New gifts and pledges: 170,001 Participation in the year: 13.5% Class anniversary results: 220,000 Class anniversary participation: 15.2% MBA 88D* New gifts and pledges: 88,444 Participation in the year: 8.2% Class anniversary results: 75,300 Class anniversary participation: 9.1% MBA 89J New gifts and pledges: 287,175 Participation in the year: 14.7% MBA 89D New gifts and pledges: 117,360 Participation in the year: 12.9% MBA 90J New gifts and pledges: 28,270 Participation in the year: 3.2% MBA 90D New gifts and pledges: 37,751 Participation in the year: 5.8% MBA 91J New gifts and pledges: 18,898 Participation in the year: 5.8% MBA 91D New gifts and pledges: 85,427 Participation in the year: 5.5% MBA 92J New gifts and pledges: 7,838 Participation in the year: 4.6% MBA 92D New gifts and pledges: 12,390 Participation in the year: 5.3% *Class anniversary campaigns extend beyond the academic year and the results published are the most up-to-date

29 56 INSEAD Donors Report 2013/ MBA 93J New gifts and pledges: 50,454 Participation in the year: 5.6% MBA 93D New gifts and pledges: 94,964 Participation in the year: 4.4% MBA 94J New gifts and pledges: 44,531 Participation in the year: 10.5% MBA 94D New gifts and pledges: 4,118 Participation in the year: 5.0% MBA 95J New gifts and pledges: 19,553 Participation in the year: 3.2% MBA 95D New gifts and pledges: 8,773 Participation in the year: 4.8% MBA 96J New gifts and pledges: 7,773 Participation in the year: 5.2% MBA 96D New gifts and pledges: 9,397 Participation in the year: 5.1% MBA 97J New gifts and pledges: 14,876 Participation in the year: 5.5% MBA 97D New gifts and pledges: 80,907 Participation in the year: 5.8% MBA 98J New gifts and pledges: 38,769 Participation in the year: 28.2% MBA 98D New gifts and pledges: 3,474 Participation in the year: 5.4% MBA 99J New gifts and pledges: 14,076 Participation in the year: 5.7% MBA 99D New gifts and pledges: 8,616 Participation in the year: 4.5% MBA 00J New gifts and pledges: 5,008 Participation in the year: 3.9% MBA 00D New gifts and pledges: 27,883 Participation in the year: 4% MBA 01J New gifts and pledges: 1,636 Participation in the year: 1.4% MBA 01D New gifts and pledges: 13,638 Participation in the year: 2.2% MBA 02J New gifts and pledges: 578,305 Participation in the year: 2.1% MBA 02D New gifts and pledges: 41,801 Participation in the year: 4.3% MBA 03J New gifts and pledges: 16,950 Participation in the year: 3.9% MBA 03D New gifts and pledges: 17,147 Participation in the year: 2.8% MBA 04J* New gifts and pledges: 47,344 Participation in the year: 47.4% Class anniversary results: 48,002 Class anniversary participation: 47% MBA 04D* New gifts and pledges: 66,494 Participation in the year: 53.2% Class anniversary results: 67,965 Class anniversary participation: 54% MBA 05J New gifts and pledges: 26,107 Participation in the year: 4.5% MBA 05D New gifts and pledges: 2,715 Participation in the year: 2.3% MBA 06J New gifts and pledges: 5,946 Participation in the year: 8.1% MBA 06D New gifts and pledges: 5,084 Participation in the year: 4.1% MBA 07J New gifts and pledges: 5,296 Participation in the year: 3.6% MBA 07D New gifts and pledges: 12,548 Participation in the year: 3.6% MBA 08J New gifts and pledges: 4,257 Participation in the year: 2.9% MBA 08D New gifts and pledges: 5,470 Participation in the year: 4.4% MBA 09J* New gifts and pledges: 50,616 Participation in the year: 51% Class anniversary results: 51,383 Class anniversary participation: 51% MBA 09D* New gifts and pledges: 38,157 Participation in the year: 47.4% Class anniversary results: 37,178` Class anniversary participation: 46.6% MBA 10J New gifts and pledges: 3,452 Participation in the year: 2.9% MBA 10D New gifts and pledges: 3,725 Participation in the year: 2.7% MBA 11J New gifts and pledges: 7,641 Participation in the year: 3.3% MBA 11D New gifts and pledges: 3,116 Participation in the year: 2.4% MBA 12J New gifts and pledges: 3,067 Participation in the year: 2.3% MBA 12D New gifts and pledges: 3,364 Participation in the year: 2.9% MBA 13J New gifts and pledges: 1,434 Participation in the year: 1.2% MBA 13D New gifts and pledges: 226 Participation in the year: 1% MBA 14J New gifts and pledges: 23,918 Participation in the year: 71.2% MBA 14D New gifts and pledges: 9,612 Participation in the year: 52.8% EMBA 04 Class anniversary results: 3,016 Class anniversary participation: 11.1% EMBA 09 Class anniversary results: 8,503 Class anniversary participation: 21.2% *Class anniversary campaigns extend beyond the academic year and the results published are the most up-to-date

30 58 INSEAD Donors Report 2013/2014 Circle of Patrons 59 Circle of Patrons The INSEAD Circle of Patrons, created in 1995, recognises a select group of supporters organisations, friends and alumni who have made outstanding contributions to the advancement of INSEAD. Individual donors who contribute 1 million or more and organisations that contribute 3 million or more are invited to become members. Charter Members 1995 Warren M. Cannon Former Board Member INSEAD John S. Clarkeson Chairman Emeritus The Boston Consulting Group Inc General Georges Doriot Founder of INSEAD in memoriam Olivier Giscard d Estaing Honorary President INSEAD Foundation Pierre-Antoine Gailly Président Chambre de Commerce et d Industrie de Paris Roger Godino Président Holding International de Développement Richard Hardie Vice-Chair UBS Investment Bank Tuulikki and Claude Janssen Honorary Chairman INSEAD Jonkheer John H. Loudon Honorary Chairman INSEAD in memoriam Jean Marcou Founder and First Chairman INSEAD in memoriam Jean Martin Honorary President INSEAD Research in memoriam Caroline and Georges Muller, MBA 65 Chairman Lemantrust SA Annie and Claude Rameau, MBA 62 Professor Emeritus Former Dean of INSEAD Co-Président, France Angels Frédéric Lemoine Chairman of the Executive Board Wendel Washington SyCip Founder SGV Group Jean-François van Boxmeer, YMP 89 Chairman and CEO Heineken NV BP plc Novartis International AG Royal Dutch Shell plc The Timken Company Emeritus Member Henry Grunfeld Former President S.G Warburg Group plc in memoriam Members 1996 Paul Desmarais Jr., MBA 79 Chairman and Co-CEO Power Corporation of Canada Raoul de Vitry d Avaucourt in memoriam Strategy& (Formerly Booz & Co) Members i Group plc The Ford Motor Company Members 1998 Laurent Attal, MBA 85D Executive Vice-President Research and Innovation L Oréal Baron Daniel Janssen Honorary Chairman of the Board Solvay SA George Mallinckrodt KBE President Schroders plc Members 1999 Dr. Roland Berger Honorary Chairman and Founder Roland Berger Strategy Consultants Frederik W. Huibregtsen Former President The Public Cause Gerhard Mayr Former Executive Vice-President Pharmaceuticals Eli Lilly & Company Paul Polman Chief Executive Officer Unilever Ute and Michael Roskothen, MBA 63 Former Corporate Officer & Retired President Global Oral Care, Colgate-Palmolive Baron Eric de Rothschild Chairman Rothschild Bank AG Leo Yip Chairman Economic Development Board of Singapore ABN AMRO Bank Morgan Stanley Members 2000 Baron Berghmans, MBA 74 Chairman Lhoist Group Philippe Bouriez Président d Honneur Cora in memoriam Paul Dubrule Co-Fondateur Accor Valeria and Rudolf Maag, MBA 73 Edward S. Mork, MBA 68 Former Executive Vice-President Royal Ahold PricewaterhouseCoopers SAP AG Members 2002 François Hériard Dubreuil, MBA 75 Président Directeur Général Orpar Belmiro Mendes de Azevedo Chairman Sonae SGPS SA Edgar de Picciotto Chairman of the Board Union Bancaire Privée Sukanto Tanoto Chairman RGM International Pte Ltd Members 2003 Aviva plc Members 2004 Michael Butt, MBA 67 Chairman Axis Capital Holdings Ltd Rosalie and André Hoffmann, MBA 90D Vice-Chairman, Roche Holding Ltd. Vice-Chairman, Givaudan Ltd. Vice-President, WWF International Members 2005 John Atkin Chief Operating Officer Syngenta AG Members 2006 GlaxoSmithKline Members 2007 H.E. Dr. Amal Al Qubaisi Abu Dhabi Education Council Wolfgang Marguerre, MBA 72 Founder and Chairman Octapharma AG Dick Verbeek, MBA 76 Vice-Chairman Emeritus Aon Group Members 2008 Esther and Heinrich Baumann, MBA 72 Chairman of the Board EBS Holding AG Ala a Eraiqat Chief Executive Officer Abu Dhabi Commercial Bank Members 2009 Deepak Gupta, MBA 93J Founder and Chairman Denita Group of Companies H.E. Mohamed M. Al Mazrouei Emirate Abu Dhabi Crown Prince s Diwan H.E. Khaldoon Al Mubarak CEO and Managing Director Mubadala Development Company Members 2010 Lionel Sauvage, MBA 87J Senior Vice-President Capital Group Members 2011 Pierre Dreyfus, MBA 76 Vice-Chairman of the Board Dreyfus Sons & Co Ltd, Banquiers Members 2014 Eirini and Leonidas Los, MBA 75 Shipbroker Trimarine S.A. W. Soeryadjaya Family

31 60 INSEAD Donors Report 2013/2014 Salamander Holders 61 Salamander Holders The Salamander awards, created in 1987, recognise cumulative giving from INSEAD alumni. To date there are close to 800 Salamander holders. Their generous contributions enable INSEAD to continue to grow. The names in italics are new Salamanders in the academic year 2013/2014. Originally the insignia of King François I and later the city of Fontainebleau, the Salamander, representing the virtue of perseverance, was deemed fitting for recognition of alumni giving, since it is also the symbol of the INSEAD Alumni Association. Platinum Salamander Yves Burrus 60 Claude Rameau 62 Michael Roskothen 63 Youssef Bissada 65 Jean-Bertrand Gérard 65 Georges Muller 65 Michael Butt 67 Avery Juhring 67 Alan Philipp 67 Cees van Lede 67 Edward Mork 68 Charles Mackay 69 Elmar Schulte 69 Rolf Abdon 70 Jens Heyerdahl d.y. 70 Remmert Laan 70 Jean-Claude Larréché 70 Franz Wassmer 70 Rainer Heubach 71 John Jackson 71 Heinrich Baumann 72 Wolfgang Marguerre 72 Rudolf Maag 73 Jean-Pierre Berghmans 74 Alexander Dembitz 74 Philippe Houzé 74 François Hériard Dubreuil 75 Leonidas Los 75 Jean-François Clin 76 Pierre Dreyfus 76 Dirk Verbeek 76 Ulysses Kyriacopoulos 77 Peer Kolendorf 78 John Singer 78 Michael Ullmann 78 Paul Desmarais Jr 79 Christopher Fawcett 80 Hoda Irani Bissada 80 Alexis Habib 81 Blake Goldring 82 Wiet Pot 82 Gabriele Quandt 85J Paulo Cartucho Pereira 87J Lionel Sauvage 87J Guy Weston 88D Henry Engelhardt 88J Timothy Bovard 89J André Hoffmann 90D Andrew Burgess 91D Deepak Gupta 93J Rémy Best 93D Luis Freitas De Oliveira 93D Ian Potter 93D Andrew Phillipps 99J Gary Wei Wang 02J Honorary Alumni Gabriel Hawawini Claude Janssen Faculty & Former Faculty Landis Gabel Pekka Hietala Theo Vermaelen Millenium Salamander Christopher Bielenberg 65 Horst Grosspeter 68 Andrew Hall 80 Honorary Alumnus Roger Godino Gold Salamander Franz Leibenfrost 63 Piet van Waeyenberge 63 Lord Simon of Highbury 66 Peter Hunt 67 Turo Tukiainen 67 François Vachey 68 Jürgen Zech 68 Michael Nairn 69 Lindsay Owen-Jones 69 Graham Williams 69 Jan Maarten de Jong 70 Michel Guillet 70 Thomas Hauser 70 Andrew Large 70 Frank Neyens 70 Gerhard Woehrl 70 Franz Humer 71 Ruedi Wassmer 71 Michael Pragnell 72 Guy Wais 72 Frank Burgel 73 Horacio Furman 73 Jacques-André Gelin 73 Christopher Holloway 73 James Kelly 73 John Burgess 75 Russell Pollack 75 John Cutts 76 Philippe Delouvrier 77 Patrick Dewez 77 Cornelius Grupp 77 Jan Murray 77 Nicholas Nanopoulos 77 Alain Azan 78 Helmut Meier 80 Finn Rausing 81 Luigi Consiglio 82 Marc de La Bruyère 85J Guthrie Stewart 85J Mikael Ahlström 86J Jack Boyer 86J Anat & Dov Bar-Gera 87D Evan Price 87D Michael Sacher 87D Sophie Velge Lammerant 87D Christian Dreyer 88D David Stevens 88J Pieter Eenkema Van Dijk 89J Jeremy Golding 89J Michael Phillips 89J Michael Salomon 89J Cynthia Edge-Phillips 89D Charles Manby 89D Graham & Maria Wrigley 89D Andreas Jacobs 90D Aref Lahham 90D Kevin Ryan 90D Pascaline Servan-Schreiber 90D Eric Steiner 90D Patrick Firmenich 90J Sebastian Grigg 91J Jonathan Knowles 91D Michael Hill 92D Hans van der Wind 93J Bernard Brenninkmeijer 95J Pierre-André Maus 96D Alexandre Manson 97J Hans Hammer 98J Mirjam Staub Bisang 99J Honorary Alumni Arnoud De Meyer David Scholey Ludo van der Heyden Faculty & Former Faculty James D. Fleck Silver Salamander Paul-Louis Durand-Ruel 61 Victor Kneip 61 Louis Fréling 63 Damien Mulliez 63 Dieter Spaethe 63 Rudolf Hauser 64 Claes Dinkelspiel 65 Gareth Dyas 65 Christopher King 65 Yves Brasseur 66 Richard Paice 66 Freddy Salem 66 Zahi Khouri 67 Angelo Abdela 68 Jürgen Mülder 68 Hugh Murray 68 Anthony Simon 68 Kaj Burchardi 69 Hans-Petter Finne 69 Hans-Jurgen Mueller 69 Martin Ricketts 69 Christoph Tribull 69 Louis Balthasar 70 Roberto Buaron 70 Roderick Chamberlain 70 Bruno Frey 70 Bernard-Philippe Giroud 70 Dirk Hoijer 70 Eric Janssens 70 Michael Muth 70 Timothy Noble 70 Roger Paice 70 Tom Sommerlatte 70 Armin Timmermann 70 Charles Aldington 71 Peter Gram 71 David Howat 71 Peter Kraljic 71 Igor Landau 71 Detlef Bindert 72 Bernard Courtaud 72 Simon Critchell 72 John de Penne Rouge 72 Goetz Dyckerhoff 72 Jan Oscar Frøshaug 72 Wolfgang Heinz 72 Sven Kado 72 Roderick Kent 72 James Leek 72 Richard Lyon 72 Bernard Mencier 72 Claude Piccot 72 Hans-Peter Schomaker 72 David Syz 72 Peter Felix 73 James Hanson 73 Sibel & Emin Iren 73 Christopher Reilly 73 Adom Tenjoukian 73 Michael Andreae-Jäckering 75 Jonathan Keighley 75 Joost Van Heijningen Nanninga 75 Luc Argand 76 Patrick Cescau 76 Wolfgang Fieger 76 Martin Flash 76 Oscar Kienzle 76 Raymond Lonfat 76 Philip Percival 76 Pierre-Etienne Poncet 76 Philippe Sevin 76 Boudewijn Gerner 77 Norbert Jann 77 Rudolf Knuenz 77 Wenke Thoman 77 Egbert Willam 78 Findlay Black 79 Heinz-Joachim Neubürger 79 Henrich Wilckens 79 George Elliston 80 Daniel Fulda 80 Peter Kruyt 80 Richard Batty 81 Odile Saavedra Batty 81 André Citroen 81 Clemente Corsini 81 Joep de Valk 81 Daniel Labrecque 81 Samuel Laidlaw 81 Florian Schilling 81 John Sloss 81 Harald Thiel 81 Cyril Dalamel de Bournet 82 Jacques Garaialde 82 Eduard Van Der Pluym 82 Andreas Lehmann 83J Michel Marbot 83J Jacqueline Sevin 83J Mark Spelman 83J Hans Breuninger 83D James Pike 84J Anders Swahn 84D Anne Coyne Holbach 85J David Fleck 85D Erik Westerink 86J Wiet Heerkens Thijssen 86D Herman Brenninkmeijer 87J James Fleck 87J Bart Hartman 87J Alexandra von Schroeter 87J Norbert Albin 87D Johan Hvide 87D Margaret Osius 88J Loudon Owen 88J Caroline van Scheltinga 88J Karen Fawcett 88D Philippe Castonguay 89J Philippe Holderbeke 89J Per Jonsson 89J Baudouin Contzen 89D Martin Hardens 89D Frank Steinhoff 89D Eduard Van Dijk 89D Thomas Cahill Jr 90J Neil McArthur 90J William Morneau 90J Anthony Todd 90J Vijai Gill 91J Antonio Horta Osorio 91J Tim Kingston 91J Henk Luykx 91J Bruno Berthon 91D Richard Jenkins 91D

32 62 INSEAD Donors Report 2013/2014 Salamander Holders 63 Emmy Labovitch 91D Christina Choi Lai Law 91D Bruno Basler 92J Lambros Papakonstadinou 92J Isabelle Georgeaux 93J Joop Heijenrath 93J Bansi Nagji 93J Antoine Bachmann 93D Renaud Lagesse 93D Eric Scots 93D Michael Fischer 94D James Pitt 94D Jean-Marc Le Roux 95J Benoît Habert 96J Ilona Nemeth Quasha 96D Domnin de Kerdaniel 97J Marc Jalabert 97D Julie Meyer 97D Frederick Goltz 98J Emma Goltz 98J Tom Adams 01J Anne de Picciotto 01D David Ades 02D Paul Huysmans 05J Antoine Chemali 05D Honorary Alumnus Antonio Borges Faculty & Former Faculty Philippe Haspeslagh David Weinstein Bronze Salamander Jean-Marie d Arjuzon 60 Claude Friederich 60 Jacques Gerbet 60 Paolo Sorteni 60 Brian Barrow 61 Gustav Beck 61 Biørn Biørnstad 61 Erich Brammertz 61 Yves Defago 61 Michel Gauthier 61 Jeremy Leigh-Pemberton 61 Rudolph Morin 61 Charles Nussle 61 Ernst Rath 61 Alain Van Den Broek D Obrenan 61 Herman Van Der Stichele 61 Detlef Hofmeyer 62 Bernard Le Luc 62 Leon Morange-Selig 62 Yves Kempf 63 Patrick Koerfer 63 Paul Munchen 63 Jacques Rejeange 63 Guy Warlop 63 Stanislas Lepoutre 64 Christian Mustad 64 Heinz Thanheiser 64 Detlev von Rosen 64 Eddo Bult 65 Ronaldo Schmitz 65 Timothy Ades 66 Tony Bernard 66 Daniel Leveque 66 Roger Levy 66 Svante Pahlson-Moller 66 Karl-Ernst Vaillant 66 Lister Vickery 66 Roger Wippermann 66 Hanspeter Buehler 67 Roland D Ieteren 67 Geert Flammersfeld 67 Gérard Francin 67 John Irvine 67 Gijsbrecht Key 67 Janusz Madej 67 Yehuda Perry 67 Maurice Piccot 67 David Roberts 67 Victor Scherrer 67 Volker Schicht 67 Martin Siegmann 67 Bruno Simma 67 Richard Bernstrom 68 Gérard Charlier 68 Henri Frisch 68 Charles Krombach 68 Duncan Payne 68 Hélène Ploix 68 Bastiaan Rohrer 68 Guido Stubbe 68 Peter von Puttkamer 68 Werner Baier 69 Pierre Chapgier 69 Rainer Kahrmann 69 Bernard Kasriel 69 Gérald Kempf 69 Terence Mahony 69 Harald Niemann 69 Attila Oess 69 Dieter Pommerening 69 Ole-Kristofer Roed 69 Eckhard Tiemann 69 Miklos Vendel 69 Anthony Albert 70 Christopher de Beck 70 Bernard gr. Broermann 70 Alain Chapuis 70 Paul Evans 70 Jaak Felix 70 François-Pierre Henrion 70 Jan Lourens 70 Constantin Mitropoulos 70 François Moes 70 Bernard Steck 70 Joachim Steinert 70 Robert Van den broeck 70 Lars Wesslau 70 Peter Wetli 70 Harald Witte 70 Terje Aass 71 Andreas Barth 71 Remy Caillaux 71 Michael Johnson 71 Willem Prinselaar 71 Philippe Revenu 71 Ralph Schauss 71 Peter Schreve 71 Mathieu Vanderbroeck 71 Timothy Wood 71 Roger Abravanel 72 Karl Anselmino 72 Pierre Carbonez 72 David Cardale 72 Gerald Carter 72 Willi-Jurgen Dupré 72 Martin Escher 72 Roland Finckh 72 Johannes Hamann 72 Rudolf Hug 72 Maarten Janssen 72 Daniel Martenet 72 Gérald Meyer 72 Jochen Muennich 72 Klaus Oesch 72 Christopher Pike 72 Bernard Rolley 72 Kar Chun Shen 72 Paul Verweyen 72 Sergio Vitali 72 Peter Záboji 72 Ghassan Zok 72 Ernst zur Linden 72 Daniel Gauchat 73 Mats Hermansson 73 Bodo Holz 73 Geert Peters 73 Montague Style 73 Stefan Svikovsky 73 Dirk Bensdorp 74 Leonard Broese van Groenou 74 Eberhard Crain 74 Alasdair Findlay-Shirras 74 Walter Fuhrberg 74 Romain Gozalo 74 Timothy Ingram 74 Guy Joly 74 Nabil Kettaneh 74 Patrick Mocatta 74 Rodney Short 74 Bernhard Steinbeis 74 Norbert Bierbaum-Hillejan 75 Luca Garabet 75 Peter de Haydu 75 Richard Hallows 75 William Hoover 75 Michael Howell 75 Joseph Assemat-Tessandier 76 Mary Lou Carter Burr 76 Silvano Fumagalli 76 Carl Gabrielson 76 Anton-Ferdinand Gassauer- Fleissner 76 Reinold Geiger 76 Peter Gruendling 76 Alex Kaye 76 Francisco Melo E Castro Guedes 76 Baudouin Monnoyeur 76 Robert Pine 76 Andreas Verykios 76 Vincent Berghmans 77 Rodolfo Danielli 77 Cabot Henderson 77 Michael Obermayer 77 Christopher Outram 77 Pierre Petit 77 Armand Phares 77 Maarten Schönfeld 77 Georges Van Ussel 77 Olav zu Ermgassen 77 Mahmood Ahmed 78 Berry & Charles Chevasco 78 Carlos Dexeus Sanpere 78 Jan Mojto 78 Wolfgang Neuberger 78 Doucas-Paul Paleologos 78 Randolf Rodenstock 78 Hans Schmidt-Horix 78 Jean-Francois Schock 78 Robert Warfield 78 Daniel Fustier 79 Guido Gamucci 79 Marcel Giacometti 79 Bruno Gibert 79 Anthony James 79 Philippe Jouan 79 Franz Obermeyr 79 Roland Zoomers 79 Aristoklis Jacovides 80 Gervase McCabe 80 Helmut Pfeifle 80 Harley Potter 80 Martine Reynaers 80 Dick Siekman 80 François Simon 80 Bernard Speeckaert 80 John Byrne 81 Harold Carter 81 William de Prémorel Higgons 81 Roch Doliveux 81 Heinrich Hoyos 81 James Parker 81 John Scott 81 Thomas Starkloff 81 Bernd Tietze 81 Sebastian Van Den Hoven 81 Bertram von Plettenberg 81 Lucian Wagner 81 Etienne Blondiaux 82 Thomas Geitner 82 Lucinda Herrick 82 Raymond Liu 82 Stephen Pettit 82 Gunther Strothe 82 Maarten van Berckel 82 Frans Charles Cornelis 83J Francis Cukierman 83J Mark Ellison 83J Didrik Hamilton 83J Kenneth (John) Mckelvey 83J Nicholas Minogue 83J Johann Schneider-Ammann 83J Raimund Koenig 83D Achilleas Kontogouris 83D Marc van t Noordende 83D Michiel Westermann 83D Charles Al-Sidaoui 84J Peter Bassett 84J Markus Conrad 84J Bruno Meyenhofer 84J Jean-Louis Schmitlin 84J Helen Alexander 84D Andre Calantzopoulos 84D Said Darwazah 84D François-Marie Guidet 84D Sami Hisarli 84D Paul Larue 84D Birger Magnus 84D Pascal Ravery 84D Pierre Bastid 85J Florian Langenscheidt 85J Francesco Loredan 85J Charles Mackinnon 85J Paul Marshall 85J David James Barron 85D Philippe Coffin 85D Disque Deane Jr 85D Claire Gouzouli 85D Patrick Wetzel 85D Joost De Haas 86J Gordon Fyfe 86J Laurent Levy 86J Philip Lingard 86J Pim Oomens 86J Sandeep Sander 86J David Stern 86J Aljosja van Dorssen 86J Marc Van Rooijen 86J Matthias von Armansperg 86J Lydia Zaininger 86J Peter Guberan 86D Charles Hollenkamp 86D Richard Pagan 86D Moritz Spilker 86D Gabriel Tanbourgi 86D Eric Bernheim 87J Paul Bodart 87J Christopher Roderick de Mattos 87J Athina Dessypri 87J Gilles Destremau 87J Robert Greenhill 87J Per Kaufmann 87J Ad Ketelaars 87J Ali Khalil 87J Ivo Lurvink 87J Bruce McFee 87J Jean-François Sauvé 87J Federico Aliboni 87D Hans Berg 87D Matthew Cadbury 87D Alastair Guggenbühl-Even 87D Paul Lomas 87D Mark Sarvary 87D Wolfgang Schaefer 87D Domenico Cavaliere 88J Detlef Dinsel 88J Robert Frowein 88J Adam Goldstein 88J Andreas Haindl 88J Wouter Jongepier 88J Joachim Luserke 88J Patrick Maselis 88J Tim Mckinlay 88J Jacques Prost 88J Thomas Robl 88J Alistair Stranack 88J Jon Tenvik 88J Chris Broad 88D Christopher Mathias 88D Bert Meerstadt 88D Beat Siegrist 88D Jos van der Hyden 88D Manuel von Moeller 88D Vicken Aharonian 89J Christian Burger 89J Luca Caruso 89J Michael Doherty 89J Jean-Marc Etlin 89J Joris Heerkens 89J Dirk Luyten 89J John Philips 89J Bernd Reuther 89J Dean Stone 89J Ralph Van Den Broek 89J Susanne Wamsler 89J Samer Azhari 89D Caspar Baumhauer 89D Nicholas Bell 89D Paul Brynsrud 89D

33 64 INSEAD Donors Report 2013/ Vivienne Cox 89D Ferdinando Grimaldi Quartieri 89D Konrad Mech 89D Paul Nehmé 89D Philip Aminoff 90J Driss Ben Brahim 90J Espen Fjogstad 90J Bernard Frieling 90J Christian Hultner 90J Stephen Ko 90J David Orr 90J Nandu Patel 90J Martin Fraenkel 90D Olivier Jory 90D Georg Madersbacher 90D Carl Pfeffer 90D Karl Schweitzer 90D Christoforos Stratos 90D Henrik Wareborn 90D Byron Woodmansee 90D Francesco Conte 91J Aaro Tilde Eide 91J Kathryn From 91J Stephen Harrison 91J Siri Hatlen 91J Dagmar Hesse-Kreindler 91J Daniel Lalonde 91J Julius Landell-Mills 91J Sharyanne McSwain 91J Hervé Sarteau 91J Charles Schanen 91J Richard Teichmann 91J Claus Zieler 91J Wolfgang Falter 91D Jérôme Moitry 91D Dieter Voegtli 91D Michele Appendino 92J Rob Becker 92J Anne Campbell 92J Andreas Fetting 92J Boudewijn Neijens 92J Jean de Skowronski 92J Marie Elaine Teo 92J Georges Burki 92D Jean de Cloedt 92D Frank Gulich 92D Diego Labarquilla Basabe 92D Ronald Ling 92D Geoffrey Ralston 92D Mika Salmi 92D Niels Christiansen 93J Patrick Demoucelle 93J Christophe Inglin 93J Monique Muri 93J John Witt 93J Anneke Wyman de Boer 93J Jeroen Zaalberg 93J Natalie Man Se Chan 93D Klaas de Boer 93D Andrew Hunziker 93D Eric Nordin 93D Bernard van Bunnik 93D Philippe Cloesen 94J Andrew De Csillery 94J Martin Friedrich 94J James Gardiner 94J Andrew Harman 94J Stuart Lloyd-Hurwitz 94J Susan Lloyd-Hurwitz 94J Kaveh Sheibani 94J Marc Thomas 94J Oren Zeev 94J Michael Bonte-Friedheim 94D Leopoldo del Pino 94D Carlo Mobayed 94D Brett Rierson 94D Gérard Despinoy 95J Paul G. Smith 95J Karim Abboud 95D James Maughan 95D Rory O Sullivan 95D Nina Patawaran 95D Bechara Tony Raad 95D Arthur Vayloyan 95D Shane Feeney 96J Scott Henderson 96J Joseph McMillen 96J Anne Marie Roumieux 96J Dorothée Deuring 96D Christoph Grosspeter 96D Amy Jane Bull 97J Eric Sanschagrin 97J Natasha Tsukanova 97J Alexei Beltyukov 97D Jean Bergeron 97D Matthias Calice 97D Olesya Chikunova 97D Sergey Grechishkin 97D Karl Robijns 97D Timothy Spurr 97D Vladimir Yakushev 97D Andrey Kashubsky 98J Kathy Litalien 98J Patricia Sharma 98J Peter Marissen 98D Lauren Ptito Anderson 98D Pierre Charalambides 99J Teena Fazio 99J Vincent Gerondeau 99J Jean-Philippe Grosmaitre 99J Andrew Hanff 99J Bing Xie 99J Patrice Collette 99D Frederic Debruyne 99D Olivier Gorter 99D Marina Koupeeva 99D Rolf-Günther Nieberding 99D Sebastian Reschke 99D Hoi Tung 99D Eric-Joost Ernst 00J Gary O Brien 00J Denis Bugrov 00D Mike Hawthorne 00D Hendrik Van Beuningen 00D Peter Schuh 01D Paolo Senes 01D Todd Hannigan 02J Panagiotis Mitarachi 03J Wassim Sacre 03J Pasha Bakhtiar 03D Milena Ivanova-Venturini 03D Enio Shinohara 03D Konstantin Winterstein 04J Julien Bentz 04D Saman Ahsani 05J Vanessa Fraiberger-Netter 05J Georgios Allamanis 05D Tim Noortman 07J Basile Cayatte 09J Rose Maria Louise Damen 13D EMBA Alumni Kay Noh EMBA 04 Mark Norbury EMBA 06 Layi Gobir EMBA 11 Magdalena Sacre Svensson EMBA 13 Honorary Alumnus Frank Brown Executive Education Alumni Ian Edwards AMP 01 Hoon Ping Ngien AMP 12 Martine Van den Poel CCC 03 Philippe Haspeslagh CCC 07 Salina Mei Chun Ho CIM 92 Jennifer Walton IEP F/S 01 Alexis von Busekist IEP 02 Jochum Pihl IEP 88 Bettina Langenberg IEP 97 Faculty & Former Faculty Lourdès Casanova Henri-Claude de Bettignies José de La Torre Soumitra Dutta Dominique Heau Centres of Excellence A Centre of Excellence is a collection of co-ordinated research activities established to focus on a designated area of academic interest, usually from an inter-disciplinary perspective. Named Centres The Rudolf and Valeria Maag INSEAD Centre for Entrepreneurship (ICE) Wendel International Centre for Family Enterprise INSEAD Centres Asia Pacific Institute of Finance (APIF) Centre for Decision Making and Risk Analysis (CDMRA) The Creativity-Business Platform (2013) The Avery B. Juhring Endowed Fund for Entrepreneurship (2012) The Patrick Cescau/Unilever Endowed Fund for Research in Diversity and Leadership (2009) The Heinrich and Esther Baumann- Steiner Endowed Fund for Creativity and Business (2007) (elab) INSEAD Blue Ocean Strategy Institute (IBOSI) INSEAD Corporate Governance Initiative (ICGI) INSEAD Emerging Markets Institute (IEMI) INSEAD European Competitiveness Initiative (IECI) INSEAD Global Leadership Centre (IGLC) INSEAD Global Private Equity Initiative (GPEI) The Dreyfus Sons & Co Ltd, Banquiers endowed Research Fund for Corporate Social Responsibility (2007) The Entrepreneurship Teaching Innovation Fund (2006) The Doriot Fund for Innovation and Excellence in Management Education (2005) The André and Rosalie Hoffmann Research Fund for Family Enterprise (2004) INSEAD Healthcare Management Initiative (HMI) INSEAD Initiative for Learning Innovation and Teaching Excellence (ilite) INSEAD Innovation and Policy Initiative (IIPI) INSEAD Social Innovation Centre (ISIC) INSEAD-Sorbonne Behavioral Lab INSEAD-Wharton Centre for Global Research and Education Major Research & Teaching Funds These Funds encourage and support interdisciplinary research and teaching projects of strategic importance to the School. The ABN-AMRO Endowed Research Fund (2000) The Yves Burrus Endowed Fund in Ethics (2000) The Morgan Stanley Research Fund for (2000) The SAP ecommerce Research Fund for (2000) The Dean s Innovation Fund (1995)

34 66 INSEAD Donors Report 2013/2014 Chairs & Fellowships 67 Chairs A Chair is an endowed faculty position and is considered the highest honour that can be bestowed upon a faculty member. Endowing a chair signals particularly strong support of the role of faculty. The AXA Chair in Financial Market Risk (2013) Joël Peress (2013) The Portuguese Council Chair in European Studies (2000) Antonio Fatas (2006) The Henry Ford Chair in Manufacturing (1997) Luk Van Wassenhove (1998) The Raoul de Vitry d Avaucourt Chair in Leadership Development (1982) Narayan Pant (2012) The John H. Loudon Chair in International Management (1979) Henrich Greve (2014) INSEAD Chairs The INSEAD Chair in Finance Bernard Dumas (2009) The INSEAD Chair in Business Ethics and Corporate Responsibility N. Craig Smith (2007) The INSEAD Chair in Management Science Philip Parker (2005) The INSEAD Chair in Marketing in Memory of Erin Anderson Ziv Carmon (2012) The INSEAD Chair in Corporate Governance Ludo Van der Heyden (2014) The Abu Dhabi Crown Prince s Diwan Endowed Chair in Societal Progress (2009) Subramanian Rangan (2010) The Mubadala Chair in Corporate Governance and Strategy (2008) Gilles Hillary (2014) The Abu Dhabi Commercial Bank Chair in Int l Management (2007) Nils Rudi (2014) The Aon Dirk Verbeek Chair in International Risk and Strategic Management (2007) Javier Gimeno (2008) The GlaxoSmithKline Chair in Corporate Innovation (2006) Amitava Chattopadhyay (2012) The Strategy& Chair in Revenue Management (2006) Ioana Popescu (2006) The André and Rosalie Hoffmann Chair in Family Enterprise (2004) Morten Bennedsen (2009) The Aviva Chair in Leadership and Responsibility (2004) Charles Galunic (2006) The Orpar Chair in Risk Management (2002) Anil Gaba (2002) The de Picciotto Chair in Alternative Investments (2002) Pierre Hillion (2002) The Paul Dubrule Chair in Sustainable Development (2001) Karan Girotra (2014) The Cora Chair in Leadership and Learning (2000) Herminia Ibarra (2007) The Eli Lilly Chair in Strategy and Innovation (1999) Peter Zemsky (2007) The Berghmans Lhoist Chair in Entrepreneurial Leadership (1999) Randel Carlock (2001) The Roland Berger Chair in Strategy and Organization Design (1999) Phanish Puranam (2012) The Novartis Chair in Healthcare Management (1999) Stephen Chick (2008) The Rothschild Chair in Banking (1999) Massimo Massa (2007) The Unilever Chair in Marketing (1999) V. (Paddy) Padmanabhan (2014) The Schroders Chair in European Competitiveness and Reform (1998) Timothy Van Zandt (2013) The L Oréal Chair in Marketing - Innovation and Creativity (1998) Pierre Chandon (2012) The Solvay Chair for Technological Innovation (1998) Yves Doz (2011) The Paul Desmarais Chair in Partnership and Active Ownership (1996) Laurence Capron (2011) The Claude Janssen Chair in Business Administration (1996) Hubert Gatignon (1996) The BP Chair in European Competitiveness (1995) Karel Cool (1996) The Boston Consulting Group Bruce D. Henderson Chair in International Management (1994) W. Chan Kim (1994) The Timken Chair in Global Technology and Innovation (1994) Serguei Netessine (2011) The UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld (1994) Theo Vermaelen (2013) The Shell Chair in Human Resources and Organisational Development (1993) Jean-François Manzoni (2011) The IAF Chair in Entrepreneurship (1992) Philip Anderson (2001) The Novartis Chair in Management and Environment (1990) Ilian Mihov (2008) The Alfred H. Heineken Chair in Marketing (1988) Jean-Claude Larréché (1993) Fellowships Fellowships allow faculty and researchers to explore an academic area of importance to INSEAD. The Shell Fellowship in Economic Transformation (1993) Pushan Dutt (2013) The Shell Fellowship in Business and the Environment (1993) Jasjit Singh (2013) The Akzo Nobel Fellowship in Strategic Management (1996) Andrew Shipilov (2008) The Salmon and Rameau Fellowship in Healthcare Management (1995) INSEAD Healthcare Management Initiative (2012) The INSEAD Dutch Alumni Fellowship in Leadership, Diversity and Governance (2011) Elizabeth Florent Treacy (2014) The INSEAD Fellowship in Strategy and International Management (1997) Renée Mauborgne (1997)

35 68 INSEAD Donors Report 2013/ Endowed Scholarships Scholarships are the most powerful means to attract and retain the best candidates. A robust scholarship programme allows INSEAD to increase offers to top candidates and help generate more high quality applications while preserving our hallmark of diversity. MBA Scholarships Alcatel-Lucent Scholarship for Asians Andrew Hordern Scholarship - 91D Andy Burgess Scholarship for Social Entrepreneurship Antonio Borges Scholarship Belgian Council and Alumni Scholarship Bischoff Family Scholarship Deepak and Sunita Gupta Scholarship Elof Hansson Foundation Scholarship Esa Hietala Scholarship Named Facilities Gabel Family Scholarship Giovanni Agnelli Scholarship Groupe Galeries Lafayette Scholarship for Women Ian Potter 93D and Family Asia Scholarship INSEAD Alumni Association (IAA) Scholarship Fund Jacques Nasser Leadership Scholarship Judith Connelly Delouvrier Scholarship - 77 Louis and Evelyn Franck Award for Excellence Marguerre Scholarship for Entrepreneurial Talent INSEAD s pursuit of academic excellence must be supported by world-class facilities. A state-of-the-art learning environment strongly enhances the learning experience on campus. MBA 70 Special Profile Scholarship MBA 87J Special Profile Scholarship MBA 89D Diversity Scholarship MBA 1991 June Scholarship MBA 93J Endowed Scholarship MBA 03D Diversity Scholarship Nelson Mandela Scholarship - 75 Orange Scholarship for Emerging Markets Ryoichi Sasakawa Young Leaders Fellowship Fund (Sylff) Sam Akiwumi Scholarship - 07D Syngenta Scholarship for Emerging Country Leadership Organisational Giving: Corporations, Foundations, Special Entities INSEAD s close connections with corporations and foundations go back a long time. Their on-going support of all our activities is critical for the school in its mission as The Business School for the World. Corporations Abraaj Accenture Bain & Co Canada Consolidated Contractors Company Danfoss Diageo DIMLux Fiera Capital General Atlantic Johnson & Johnson L Oréal Louis Vuitton Oclaner Asset Management Power Corporation of Canada Roland Berger Strategy Consultants Syngenta The Boston Consulting Group Norway Wendel Foundations Apax Foundation Carlock Family Foundation Elizabeth Cabot Lyman 2002 Charitable Lead Annuity Trust Isaac Dreyfus-Bernheim Stiftung J. Frank & Susan S. Brown Family Foundation James M. & Cathleen D. Stone Foundation Leon Lowenstein Foundation Stichting Benevolentia The Beaucourt Foundation The Greendale Foundation Special Entities Abu Dhabi Crown Prince s Diwan Matching gifts Capital International SA Capital Group International Inc Deutsche Bank AG S.H. Cowell Foundation Barclays Investment Bank Standard Chartered Bank Google Asia Pacific Pte Ltd BC Partners McKinsey & Co Inc Edwards Lifesciences Corp American Express In kind Michel et Augustin Schibsted Europe Campus The BCG Amphitheatre Chris King Amphitheatre Dean Berry Amphitheatre Georges and Edna Doriot Library Freddy s Bar Hammer Roof Garden Henri-Claude de Bettignies Room Henry Ullmann Forum The Biergarten: INSEAD Gesellschaft Deutschland John Loudon Amphitheatre The Mews (Accenture) Macquarie Bench MBA 67 Breakout Room MBA 70 Breakout Room MBA 70 Amphitheatre MBA 72 Amphitheatre MBA 73 Amphitheatre MBA 74 Reading Area MBA 77 Breakout Room MBA 78 Bar Terrace MBA 87D Breakout Room Mickey & Company Lifestyle Center Raoul de Vitry Amphitheatre Rudolf and Valeria Maag Amphitheatre William Soeryadjaya Amphitheatre Asia Campus Claude and Tuulikki Janssen Auditorium André and Rosalie Hoffmann Amphitheatre William and Lily Soeryadjaya Amphitheatre Henri-Claude de Bettignies Amphitheatre Edward S. Mork Amphitheatre Michael S. Roskothen Amphitheatre Gilbert Sauvage Conference Room Shaw Foundation Water Lily Garden Leonidas and Eirini Los Meeting Room Christina Law, MBA 91D, Meeting Room David Syz, MBA 82, Meeting Room Ian Campbell Woodward Meeting Room Rose Damen, MBA 13D, Terrace Tanoto Library Gabriel Hawawini Orchid Garden Corporate Associate Programme Partnering with INSEAD annually opens the door to unique opportunities for organisations seeking visibility and impact at The Business School for the World. Our corporate associates provide essential funding for innovative projects and join an elite global community who advance the school s mission. Accenture AT Kearney Bain Strategy& (Formerly Booz & Co) Citi Deutsche Bank Goldman Sachs McKinsey Novartis Olayan Philip Morris Robert Bosch Roland Berger Strategy Consultants The Boston Consulting Group WPP

36 70 INSEAD Donors Report 2013/2014 Taxe d Apprentissage 71 Taxe d Apprentissage L Oréal Publicis Activ France Société des Centres Commerciaux The taxe d apprentissage is a compulsory tax for companies operating in France and goes towards developing professional and technical skills throughout the workforce. At INSEAD, the funds collected are used to enhance INSEAD s MBA and PhD Programmes. 3I France AAA Riviera Acta Manent ADL partner AJT Instrumentation Alcatel Lucent Alma Services American Express Voyage d Affaires Ampersand Aon France Appsfire Astavoz Automatisation Systèmes Mécaniques Axa Millesimes Gestion Axegaz Banque de France Banque Léonardo Banque Neuflize OBC Becton Dickinson France Befor Technitrans Bioamber Bissada Management Simulations Bonnardel Brammer France Brossette Capital Continental Gestion Carbovac Carrier Transicold Europe Carrières & Fours à Chaux de Dugny Cars Fraizy CFI Technologies Chaux & Dolomies du Boulonnais Ciclad gestion Cie Lebon Cinven Cisco Systems Europe SARL Claire Augros Management Climaver Cofrinvest Colibriwithus Compagnie Chao Courvoisier Credit Agricole Dang Mong Hoan & Associés Diamoon Districom Sales and Marketing Dolwez DPC Associés E.I.M. Egon Zehnder International Eiffage Energie Ile de France Elec 90 Electrofroid Enteleia Strategy Entreprise Pointeau Eurasie Europe Rouleaux Fast retailing Fête In France FFP Fiducial Filliatre et Sigot Finadvance Financière Bonnat Financière EVS Fineiffel Firmenich FMC Technologies Fnam Fontainebleau Langues Communications Food 4good Fours à Chaux de Sorcy France Télévision Publicité Galeries Lafayette Gamin Tout Terrain Genticel Genzyme Gibert Jeune Groupe Gie Resa Taxis Pro GMG Sarl Groupe Rothschild GTV Gymworks Habert Dassault finance Hilfiger Stores France HSBC France Imaginvest Industrielle de vitrages INSEAD Résidences Invus Isol France ISS Propreté Iteca Kao France Kapa Reynolds Kellydeli SAS Kering Knauf AMF Plafonds & Systemes La Bonde La Carterie La Route des Langues La Tour d Argent Lafarge Laphal Industries Le Pain et le Vin Le Troubadour Leo pharma Letsact Lhoist Lincoln International Macspe McKinsey Mediagong Meple Metin holding MHG Europe Michael Page Microsoft Moet Hennessy Monnoyeur SAS Mosaic Associés Motivation Factory Multeam Mythic Brands Nauteq Europe BV Oaktree France Oceans Evasion (World Ocean) Olympus Omapi Label Omniscope Orascom Int Hotels Development PC 30 Family PCL Pechel Industrie Partenaires Peugeot SA Pfizer International Pharmacie Savelli Pictet & Cie Europe SA Piller Placoplatre Polyflame Europe PVH France Pyle Partners Rand Frères SA Randstad Reverse technology Rexel France Rivierakeys France Roofmart France Royal Airport Saatchi & Saatchi Sabre SA SAF Services Sagop Saint-Gobain Groupe SAP France Taxis Canavy Sarl SAS IFE Mezzanine SAS Intersanté Sasu Calya consultant Savarez Savoie Refractaires Schoeller Allibert Selas Pharmacie du Soleil Sephirot Servair SGGSMI-ETBS Auvergne Isolation SIACI Saint Honoré Sincoplas Smurfit France Smurfit Kappa Goethe Sneci Société Générale Corporate Investissement Société Générale Melun Sodexo Sofac Sofidy Soft Paris Solutions 30 Strategy Analysis International StratX Technicontrol Telima Groupe The Myndset Company Tiano Touratier Electronique Systemes Trianon Corporate Finance Truffaut Tubauto SA UBS Securities France Ulmann SAS Union Française des Semenciers UOB Global Capital Vauban Partenaire Vinci Construction Management Warnaco Groupe Waterlogic France Wefcos Xerox Groupe Zegones

37 72 INSEAD Donors Report 2013/2014 Individual Giving:Alumni, Friends & MBA Students 73 Individual Giving: Alumni, Friends & MBA Students Annual donations of any amount are an effective way to contribute to INSEAD in an ongoing manner. Here we acknowledge all donors whose gifts and pledge payments were received between 1 Sept and 31 Aug MBA programme MBA 60 Guenter Luedemann * MBA 61 Victor Kneip Michel Gauthier * Jeremy Leigh-Pemberton * Paul-Louis Durand-Ruel MBA 62 Claude Rameau MBA 63 Reunion Fund Chair Louis Fréling Piet van Waeyenberge Louis Fréling Jacques Rejeange David Hudson Colin Perry Emmanuel De Vicq De Cumptich MBA 64 Reunion Fund Chair Alain Spicq Brian Meringo * Jagadish Rao Juan Llaguno-Farias MBA to Georges Muller Frans Haelwaeters * Peter Falk * Gareth Dyas MBA 66 Daniel Leveque Timothy Ades * Daniel Arvet-Thouvet MBA 67 Michael Butt Alan Philipp * Gérard Francin * John Irvine Jean-Claude Seys Jean-Marie Bacholle MBA 68 Reunion Fund Delegates Duncan Payne * Eddie Mork Jürgen Zech to François Vachey Eddie Mork Horst Grosspeter Hugh Murray Anthony Simon Guido Stubbe Francis Desforges Henri Frisch Charles Krombach Duncan Payne * Jorgen Perch-Nielsen Angelo Abdela * Michel Brisset Gérard Pierre Charlier Daniel Furman Juergen-Helmut Schulze Nicholas Ward Jürgen Zech Jean-Louis Benoit Yves Fedida Dietmar Fuchs Paolo Jurkic Ted Mott Leif Palmblad Hélène Ploix Bastiaan Rohrer Nabil Zok Robert Briefel Jonathan Michael Franklin Claude Jonemann Peter von Puttkamer Johan Wennberg MBA 69 Reunion Fund Co-Chairs Kaj Burchardi Martin Ricketts Reunion Fund Delegates Bruno Bertrand Goran Elfverson Jean-Pierre Faisant Gérald Kempf Attila Oess Ole Roed to Christoph Tribull Bernard Kasriel Gérald Kempf Hans Petter Finne Diederich Framhein Miklos Vendel * Eric de Montille * Charles Mackay Harald Niemann Ole Roed Frederik Van Den Bergh Christian Baumann Jacques Berry Jean-Philippe Delcroix Jean-Pierre Faisant Frederic Farnoudi Jean-Louis Gleizes Guy Le Pechon Gour Shavit Wolfgang Van Oven Corso Aloisi De Larderel Jacqueline Aloisi De Larderel Nicholas Bradshaw Gerard de Sepibus Wolfgang Fuerboeck Patrick Lamotte Henry-Jean Petit Reinfried Spazier MBA to Jens P. Heyerdahl d.y. * Michael Muth * Franz Wassmer Alain Chapuis * Thomas Hauser * Bernard gr. Broermann * Andrew Large Lucien Arbel Christian Sonnenstein Anthony Vyvyan Richard Madey * Andrew Somogyi MBA to Rainer Heubach Franz Humer Ruedi Wassmer * Rolf Dziallas * Matty Vanderbroeck * Roland de Calonne d Avesnes Guenther Dietrich * Peter Schreve * Luís B. Brito da Silva Correia Aldo d Incau Louis Ferran Gerhard Fischer Frans Kok Tim Wood MBA to Michael Pragnell * David Werner Syz Sven Kado Roger Abravanel James Leek Charles Metherell Hans-Peter Schomaker Sebastian Tham Goetz A. Dyckerhoff * Paul Verweyen * Jeremy Howarth * Raymond Le Roy Liberge MBA 73 Reunion Fund Co-Chairs Philippe Alexandre James Kelly * Edward Krubasik Francisco Moreno de Alboran to Jacques Gelin Rudolf Maag to Eric Hanson Mats Hermansson James Kelly * Philippe Alexandre Peter Felix Bodo Holz Edward Krubasik Paco Moreno De Alboran Vierna Frank Burgel * Jean-Rémi Camus Daniel Gauchat John J. Grumbar David Blacklock Christoph Fahr-Becker Horacio Furman August Gruber Johann J Hovan Olivier Seigneur Stefan Svikovsky John Chamaah Michael Cole John Gaither Laurent Giacometti Monty Style Michael Travis * Recognises alumni who have given to INSEAD for the past five consecutive years.

38 74 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 75 Nigel Forrest * Frédéric Jourdain Herbert Kontges MBA 74 Reunion Fund Chair Eberhard Crain * Alex Dembitz Alasdair Findlay-Shirras Philippe Houzé * Dirk Bensdorp Eberhard Crain * Leonard Broese van Groenou Georg Eder Romain Gozalo Marc Guyader Timothy Ingram Nabil Kettaneh * Christian Monod Bernhard Steinbeis Xavier Accariès Jean-Denis Hatt Naomi Kogon-Steinberg * Maarten Van Eeghen * Despina Nikolopoulou Udo Petschnigg * MBA and above Leonidas Los * Luca Garabet Patrick Berthon * Jean-Paul Van Keirsbilck Manuel Serzedelo de Almeida Peter Kappeler * Guy Desseaux Zvi Markuszower Ivo Vandenbussche MBA and above Pierre Dreyfus * Philip Percival * Martin Flash Hans-Jürgen Bernsen * Ayman Choucair Gérard de Hemptinne * Raymond Lonfat * Robert Pine * Mary Lou Carter Burr * Wolfgang Fieger * Thomas Kran Bruce Pollock * François Tesch MBA 77 Cornelius Grupp * Ulysses Kyriacopoulos * Michael Obermayer Pierre Petit Grant Tait Patrick Dewez * Chris Outram Jean-Pierre Dupont Maarten Schoenfeld Bill Fraser Arild Nerdrum * Bob Stillerman MBA 78 Reunion Fund Co-Chairs Luigi Mencarelli John Singer Egbert Willam Reunion Fund Delegates Geneviève von Hahn Crepin Jean Huber Yasushi Matsushita Hervé de Vriendt to John Singer Peer Kolendorf * Michael Ullmann Alain Azan Egbert Willam Fares Korkmaz Alix de Poix Hervé de Vriendt Henri Guillemin Ilham Eliane Khalil Régis Mitjavile Ralph Montandon Brigitte Morel-Curran Yutaka Nakamae Randolf Rodenstock Hubert Clasen John Hodgson Yasushi Matsushita Sue Mcinerney-Potter Luigi Mencarelli Gianni Patuzzo Michel Blumenthal * Richard Duron Gautier Germ Gilbert Gras * Jean Huber * Hans Schmidt-Horix Sotiris Sotiropoulos MBA 79 Reunion Fund Co-Chairs Ashwini Kakkar Babette Pettersen Reunion Fund Delegates Mark Doswell Bruno Gibert Paolo Guidelli Guidi François Macaire to Findlay Black Marcel Giacometti Bruno Gibert * Roland Zoomers Mark Doswell Xavier de Froment Greg Infeld François-Marie Raymond Spyros Capralos * Yoav Chelouche Daniel Fustier Harry Kyriazis Thomas Livingstone-Learmonth Denis Metzger Carlo Montenovesi Yves Spoerry Jean-François Caeymaex François Gall Brynjolfur Helgason MBA 80 Daniel Fulda Bernard Guez François Momboisse Jean-Gérard Blanc * Simone Amber Makiyo Narushima Didier Riou Gavan Sellers * MBA to Alexis Habib * Clemente Corsini Samuel Laidlaw William de Prémorel Higgons * Sebastian Van Den Hoven * Daniel Labrecque Florian Schilling * Jennifer Szersnovicz Stephen Ewin * Katharina Gregor * Dirk Perquy John Scott Lucian Wagner Richard Bissonnet MBA 82 Jacques Garaialde Blake Goldring Robert Pfrunder Nathaniel Hone * Annie Luypaert-Maurice Philippe Luypaert William Murrell * Michael Polya MBA 83J Reunion Fund Chair Nicholas Minogue Andreas Lehmann Kenneth McKelvey Mark Spelman Frans Cornelis * Didrik Hamilton Conor Kehoe Elisabeth Kehoe Johann Schneider-Ammann Charles Irving-Swift * Christoph Lindenmeyer François Casier * Philippe Corthouts Viviane Doguet Corthouts Paul Hancock * Christopher Hopton * Anthony Palmer Henri Thijssen Jean-Charles Uyttenhove * Sylvie Vercruysse-D heygere MBA 83D Reunion Fund Co-Chairs Marc van t Noordende Michiel Westermann Bernard Bastier Jerzy Ullmann Michiel Westermann Didier Nuq George Katsouris Stavros Kourias Hans Pirker Antonio Viana Baptista MBA 84J Jamie Pike Markus Conrad Peter Bassett * Susan Brookstone Mirbach Paul Diercks * Patrick Esnouf Marcel Genadry * Martín González del Valle Chavarri Jeff Johnson Shuichi Watanabe Eric de Beauvoir Wendy Giardina Victoria Provis Tania Vranopoulos MBA 84D Sami Hisarli François Bertreau * Bruno Cousin Marijke Horensma * Jose Pedro Caldeira Da Silva Ines De Andrade Tavares Ako Doffou Luis Gravito Dimitrios Katsaounis Lazaros Sakellariou Heinz Waser MBA 85J to Gabriele Quandt Pierre Bastid Hans Hollenweger * Recognises alumni who have given to INSEAD for the past five consecutive years.

39 76 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 77 Marc de La Bruyère Emmanuelle Peltre Guthrie Stewart Jan Van Toulon Van Der Koog Beat Scherrer Martin Van Grevenstein James Watt MBA 85D Joaquim Paiva Chaves Claire Gouzouli Thomas Seiler Yiannis Sakellariadis Eckhard von Muenchow * MBA 86J Erik Westerink Jack Boyer Dominique Descours Stefan Dragu * Matthias von Armansperg * Elizabeth Lank MBA 86D Peter Guberan Wiet Heerkens Thijssen * Ron Bosch * Marc-Henri Decrop Marc Doucet Sanche Thomas Hansson Nadia Usunopulu Pierre Cassimatis * Joao Castello Branco Arndt Ehrlich Memoria Lewis * Sergio Mir Mafalda Pessoa De Araújo MBA 87J to Paulo Cartucho Pereira Lionel Sauvage * Eric Bernheim Paul Bodart * Bruce McFee Per Kaufmann Ichiro Miyake Thierry De Schryver Ad Ketelaars MBA 87D Anat Bar-Gera Dov Bar-Gera Wolfgang Schaefer Sophie Velge Lammerant Norbert Albin * Hans W. Berg * Micky Sacher Eric Loontjens MBA 88J Reunion Fund Chair Wouter Jongepier * to Henry Engelhardt * David Stevens Adam Goldstein * Wouter Jongepier * Loudon Owen Caroline van Scheltinga Andreas Haindl * Patrick Maselis Peter Chittick Ray Eitel-Porter Carolyn Fairbairn Eric François * Mark Hudson Joachim Luserke * Louise Morwick Meg Osius Richard Parsonson Jacques Prost William Spurgin Willem van Lawick Ronald Berger-Lefébure MBA 88D Reunion Fund Co-Chairs Jos van der Hyden Manuel von Moeller Chris Broad Christopher Mathias Manuel von Moeller Olivier Beaumont Ewoud Goudswaard Bert Meerstadt Bruno Mercier * Sylvie Denoble Peter Lakin Ean Lewin * Niels Madsen Hideaki Mizuno Johannes Naerger Bruno Raguet Elizabeth Rantzen MBA 89J to Pieter Eenkema Van Dijk to Dirk Luyten Michael Phillips Luca Caruso Michael Doherty Jeremy Golding Vicken Aharonian * Jean-Marc Etlin * Rick Yan Diogo da Silveira Andreas Krohn Christof von Branconi Bertrand Hainguerlot Hideo Hirano Pascal Lecordier Patrick Mueller Ralph Van Den Broek * Susanne Wamsler Gisele Alexis Catharine Elliott Jan Willem Van Heemstra Paula Van Heemstra Gilles van Nieuwenhuyzen * Yann Vincent Michael Carter Philippe Castonguay Jaap De Mare René Frion Florian Meister Paulo Rodrigues Da Silva MBA 89D to Charles Manby to Cynthia Edge-Phillips Samer Azhari Martin Hardens Andreas Tobler Eduard Van Dijk Vivienne Cox * Konrad Mech Patrick Michielsen Ulrich Paessler Frank Steinhoff * Ala a Al-Jabri Paul Brynsrud Christian Burrus * Hans-Hermann Rahlmeyer Stefan Ziegler Walter Baudisch Baudouin Contzen Philippe Vasseur Caspar Baumhauer George Bradt * John Coleman * Susie Hedegaard Michael Jary Manuel Ravara Cary Conrad Roos MBA 90J Stephen Ko * Philip Aminoff * Thomas Cahill Jr * Darin Deschamps * Christian Hultner Brian Buckley Vassilios Koutentakis MBA 90D 1 million and above André Hoffmann * to Andreas Jacobs Alain de Borchgrave d Altena * Jean-Yves Grisi Tommaso Trionfi Warren Tucker * Henrik Wareborn Robert Woelflein * Kira Heizer Biber * Emmanuel Pouliquen Mark Spence * Christina Theofilidis MBA 91J Sebastian Grigg Hervé Sarteau Humphrey Cobbold * Tim Kingston * Eva Liu Claus Zieler * Karsten De Clerck Luis Isava Sanabria * Gigi Letts Ben Timmerman Dagmar Hesse-Kreindler * Sharyanne McSwain * Andreas Papakyriacopoulos Isaak Tsalikoglou MBA 91D to Andy Burgess Christina Law Jonathan Knowles Dieter Voegtli Bruno Berthon * Emmy Labovitch * Jerome Moitry * Scott Mosher * Joseph Worrall Gabor Arkosy Alexandre Dias Da Cunha Marina El Hajj Peter Federico Michael Gansser-Potts * Andreas Tsochantaris MBA 92J Bruno Basler * Jean de Skowronski Loic de Surville Bertrand George * Lilia Jolibois Sandra Nebgen Dias Da Cunha Jane Sommers-Kelly Kozo Suzuki Paul Beattie Peter Douglas Diogo Rezende Perses Sethna * Joao Silveira Lobo * Recognises alumni who have given to INSEAD for the past five consecutive years.

40 78 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 79 MBA 92D Georges Burki * Jean De Cloedt Mika Salmi Laura Freedman Diego Labarquilla Basabe Arnaud Sergent Arnaud Francq Dominic Miles * Nigel Yeung Elsbeth Boerboom * John Hall John Marcom Laura Money Macrae Elaine Yao MBA 93J Deepak Gupta * Christophe Inglin * Bansi Nagji * Joop Heijenrath * Alali Hart Yanni Paniaras * Jeanette Sundberg-Cohon Didier Theraulaz Michael Alic Philip Brackin * Patrick Demoucelle Kirsten Lange José Pereira Da Costa Peter Schindler Jeroen Zaalberg * MBA 93D to Rémy Best * to Luis Freitas De Oliveira * Renaud Lagesse Bernard van Bunnik Andrew Hunziker * James Howe Sander Nieuwland * François Paulus Michael Schueppert * Tom Bennet Pontus Bergdahl Joanne Harrison-Gross Ian Potter * MBA 94J Philippe Cloesen * Stuart Lloyd-Hurwitz Susan Lloyd-Hurwitz Eduardo Moradas Oren Zeev Kevin (Ke-yung) Chiang Paula Kirby McWhinnie * Peter McWhinnie * Cristina Sapsezian-Flett Jan Keller Laurent Musy * Tobias Reich Ivan Svitek Marc Weber Alessio Ascari Markus Bachmeier * Paul Davidson Nicholas Davies * Joaquim de Goes Christina Gitsiou Jean-Marie Masse K. Scott Mcafee Jean-Christophe Mieszala * Eric Morisset Diogo Simoes Pereira Alex Varelas MBA 94D James Pitt Isabel Bonacker Jolyon Barker Stellios Boutaris * Eduardo Damasceno-Ferreira * Alexandra De Mello Stadler Sali Hallsworth * Jay Herratti David Baverez Leonhard Krauthause * Nicolas Meeus Jean Muls Damien Salauze MBA 95J Jean-Marc Le Roux Gérard Despinoy * Teresa Cowherd * Graham Hastie Jerome Kamer * Manuel de Lancastre Philippe Mauron Linda Nel Petros Papathanasiou Patrick Strafford MBA 95D Sadia Khan James Maughan Martin McCourt Bechara Raad * Andreas Zingg P.C. Abraham Maya Andraos Gilles Bouyer Jean Laprevotte Marcelo Prieto Martinez Philippe Suzan MBA 96J Robert Maegerlein Anne-Catherine Chevalier David Mair Nicolas Vryghem * Susanne Abell-Janssen Mark Antonelli Steven Cuppy George Kourtis Stuart Morstead Charles Portes Anne-Marie Roumieux MBA 96D Pierre-André Maus Ilona Nemeth Quasha Bart Blommers Dorothée Deuring Jean-François de Jaegher Hans Rudolf Keller Claudia Eckert * Maria Carioca Rodrigues Thomas Fischer Jann Hatz Egil Hogna * Hillar Lauri Mark Melford * Constança Monteiro Jean-Marc Novene Ernesto Priarollo MBA 97J Alexandre Manson Domnin de Kerdaniel Laurent Buiatti Thomas Flatt Karen Hitschke * Jack Azagury Patricia Or Francesco Valmarana Belal Atiyyah Carlo Moroni Filipe Santiago Baptista Li Hsin Tsien - d Oultremont MBA 97D Alexei Beltyukov Olesya Chikunova Marc Jalabert Vladimir Yakushev Sergey Grechishkin Bart Markus Matthias Calice Andrew Moore Aidar Gabidoulline Christina Pamberg Jérôme Petit Carl Bouthillette Jorge Freire Cardoso Peter Matthews * Norbert Van Der Harst MBA 98J Patricia Sharma * Andrey Kashubsky Alexey Khudyakov Keren Misgav Pal B. Ristvedt Frederick Goltz Emma Goltz Keren Misgav Claudia Elisa Soares Pierre Sorel Beat Bachmann * Max Billingham David Brabazon Leo Cloma Caroline Harding Craig Loudon Keiko Mitsuda Ken Ng Eric Pathe Yanni Spiropoulos Olivier Van Calster Jan-Teun Van Efferink Jean-Marie Vigneron Simon York Steven Achord Gilles Brunschwig Barney Burgess Javier Cano Lucaya Cherry Chan Carlos Corona Andre Covre Jonathan Cumberlege Claire Davenport Richard Daw Geoffroy Dedieu Marco Del Carlo Pedro Guerra Hans Hammer Mark-Anthony Holloway Marc Julien Panos Kanellopoulos Rune Kavlie Adhish Kulkarni Marc Lawrence * Kathy Litalien Sophie Li Wan Po Jessica Ma Kleon Makris William Micklethwait Andrea Orlandi Nuno Pais Quina Peri Shamsai Nathan Simmons Joy Tadaki Kiko Thiel Ed Van De Logt * Edzard Van Holthe Christian Van Schoote Stefan Vlachos Linda Li Wei Emma Welsh Julian Wood Tony Wood MBA 98D Bertram Pachaly * Marcia Poletti * Deepak Shahdadpuri Erik Urnes * Recognises alumni who have given to INSEAD for the past five consecutive years.

41 80 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 81 Fabrice Delville Olivier de Percin Jean-Christophe Fare * Guido Grobbink Madoka Hokamura Nancy Jain * Stefanie Peters Simonetta Rigo Matthias Schneider Steven Smuck Magnus Sonnorp * Claudia Tornquist * MBA 99J to Andrew Phillipps Vincent Gerondeau Jean-Philippe Grosmaitre Jean-Marc Liduena Melissa Roethe Carnathan * Diederik Van Rappard * Jean-Philippe Bouillé * Francois Dagneau Brigitte de Vet-Veithen Jacques Favre Marc Galin María Gil Marin Michael Green * Andrew Hanff Taro Hirano * Vasily Karasyov Fernando Manuel Pires Gonçalves Rob Rankin * Spyros Trachanis Jan van den Berghe * Oscar Van Dijk MBA 99D Rolf-Günther Nieberding Olivier Gorter * Frederic Debruyne * Sebastian Reschke Fredrik Ahlberg Hank Boot Mark Hanson * Scott Jackson Fabio Mondini William Vickery * Nuno Miguel Carvalhosa Erwin Feldhaus Artur Kocharyan * Shinobu Murakami * Antonius Reittinger Gijs Van Breda Vriesman Kostas Vilos MBA 00J Eric-Joost Ernst Gary O Brien * Bernard Tubiana * Bruno Borricand * Andrei Immoreev Theo Lindqvist Klaus Kassing Leandros Kontogouris Oliver Paul Filipe Serzedelo De Almeida MBA 00D Denis Bugrov Mike Hawthorne Craig Martin Rodrigo Santos Silva Christopher Bischoff * Thomas Boehm Stephen Lister * Alasdair Maclay * Pierre Nilles Jin Akiyama * Christoffer Galbo Masaaki Kobayashi Kaspar Lechner Severino Pugliesi MBA 01J Pierre-Yves Buisson Paul-Olivier Raynaud-Lacroze Nestor Casado Richard Smith * MBA 01D Paolo Senes * Yaron Spigel * Jaap Bruining * Ludovic Helfgott Andrew Howell Charles Yuan Svetlana Karpova * David Martinon Markus Moelbert * Roger Müller Peter Spirig MBA 02J to Gary Wei Wang Farid Issa-El-Khoury Sophie Bertin Hadjiveltcheva Stéphane Marchand Nieke Martens * Olivier Rabiller Marina Citus * Stéphane Foucaud * Klaus Geissdörfer Rafal Karski * Alison Klein Yann Lorido MBA 02D David Ades * Marat Atnachev Kwangjae Sung * Ingrid Bateman Elsie Chan Pierfranco Di Gioia Alexandre Douzet Andrew Foster Holden Sibley * Matthew Stephens Eric Witt * James Copinger-Symes Lukasz Dobrowolski Jack McFarlane Monica Pinto Akash Shah Katharine Ugeux Lewis MBA 03J Notis Mitarachi MP Wassim Sacre Justin Bateman Alex Sao-Wei Lee Michal Lubieniecki Panos Petropoulos Pierre Salbaing Antonio Soler Peter Grypdonck Julia Kaplan Alessandro Lonardo Geetha Panchapakesan Rahul Sharma * Jose Zaide MBA 03D Enio Shinohara Laurent Bertrand Kavya Gopal * Plamen Jordanoff Johannes Withoeft Suzie Tan Marcello Cavalcanti Marita Hemmelskamp R. Cavalcanti Christopher Coleridge * Kasper Hansen Fei Pei Diogo Quental Andre Schnidrig * Endre Szabo MBA 04J Reunion Fund Co-Chairs Ogden Hammond Lutz Finger Reunion Fund Delegates Emmanuel Abate Srinivas Artham Leila Azmoudeh François Bourienne Giuseppe D Antonio David Choe Yoko Kloeden Alieksiei Martins Amelia Ng Anne-Hélène Nicolas Krister Paulsen Friedrich Rojahn Antonio Stochino Sacha Talmon Timo Voswinckel Khiloni Mehta Westphely Konstantin Winterstein Ying Xiong Phoebe Yeh Konstantin Winterstein Nuno Delicado Hugo De Stoop Laurent Grandidier Felix Hauser Marton Hunek Yann Marmonier Guillaume Renaud Yuan Tian Raoul Advani Sri Artham Leila Azmoudeh François Bourienne * Achraf Cherkaoui Shane Chesson David Choe Maurizio Cortese Ziad Dagher Michel Dauguet Jean-Pierre Dekker Chase Emson Christian Fild Carlos Garcia-Mendoza Ogden Hammond * Mark Hayes * Jeffrey Kadanoff Ari Kesisoglu Cristina Kuo Jean-Christophe Lebraud Jocelyn Low Anja Madsen Samir Maha Anne-Helene Nicolas Lodewijk Offerhaus Rafael Orta Isabelle Paternot Boergel Raul Peris Kresimir Profaca Markus Scheuermann Edgar Senior Martin Spit Antonio Stochino Luu Truong Shelley Tseng Timo Voswinckel Wei Wang Ibrahim Abdel Rahim Naman Aggarwal Karolina Albuquerque Alper Aras Gaia Arnaboldi Stéphane-Alexandre Badoy Joseph Baribeau Tiago Bartolomeu Bruno-Frederic Baudouin Antonio Beja Ritesh Bhavnani Roberta Bonomi Evgeny Burau Massimiliano Caraffa Jonas Celebiler Ivo Cicolini Paul Clark Christopher Coleon Nathalie Criou Giuseppe D Antonio Bjorn Decard Enrico Del Prete Chiara De Mel Sander Den Hartog Serena Doshi Damien Dubourdieu Kutty Dutta Julio Estrada * Recognises alumni who have given to INSEAD for the past five consecutive years.

42 82 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 83 David Ferrin Lutz Finger Jennifer Flood Erik Floor Regis Folbaum Jody Ford Alan Foster Christine Beilhartz Foster Florian Gerhardt John Gilchrist Gael Gioux Claire Grant Dimitrios Hatzichristos Tom Hill-Norton Frederic Hoffmann Simon Holmes Andrea Ingrisch Lucio Intelligente Dag Jessel Andy Jiang Ricardo Jorge Zennon Kapron Roland Kastoun Keisuke Kirimoto Yoko Kloeden Thilo Knaupp Will Koch James Kuiper Akash Lal Joel Lau Andrew Laurie Parik Laxminarayan Raphael Leiteritz Juan Lopez-Valcarcel Ana Patricia Martinez Alieksiei Martins Khiloni Mehta Westphely Alex Metzler Oliver Mosmann Chad Myers Jean Nabaa Anik Nagpal Manuj Naman Philippe Negre Patrick O Donnell Tanja Ogland John Parapatt Cyril Perez Shoomon Perry Jon Pinchuk Jeremy Pocklington Tobias Reiss-Schmidt Benjamin Revillon Friedrich Rojahn Olivier Rousseau Bente Saetervoll Razid Samdjy Doris Schmidt Oliver Schubert Candy Sing Dheeraj Soni Ariel Spivak Andrei Stamatian Tanuj Suri Betul Susamis Unaran Rolfe Swinton Eugene Tan Glenn Taylor Andre Tegner Markus Thadaney Nick Tolley Katerina Tsasis Coralie Van Wilder Yuriy Vitrenko Alexander von Malmborg Holger Westphely Ying Xiong Phoebe Yeh MBA 04D Reunion Fund Chair Michael Wingenroth Reunion Fund Delegates Ian Bennink Vasco Borges Anne Charlotte Desruelle Inna Farian Thierry Ferey Jason Jia Brian Love Mark Roth Tony Thomas Lior Yagil Michael Wingenroth Matthieu Lauras Lu-Yi Lim Joycelyn Ng Ian Bennink Vasco Borges Michelle Cheo Anne-Charlotte Desruelle Chirag Doshi Ghassan El Kara Jennifer Hamilton Johannes Huber Krisztina Kormoczi Marko Lesic Jun Okada Gianni Pisanello Visar Sala Ilya Arkhipov Angus Barnett Alexis Burckhardt Hak Chng Daniele Crose Ferdinand Dalhuisen Carol Deacon José Delgado S. Marques Luciano Diana Ghislaine Djapouop Laurent Doucet Bassel ElDabbagh Rami Eljisr Jackie Fan Thierry Ferey Alex Garcia Mohit Gupta Richard Hogan Fadi Hraibi Marc Hulin Mirza Manar Hussain Amit Jain Paul Manwell Mark Mildon Nick Mole Michael Phelan Richard Pulliam Claudio Ribeiro Maria-Sylvia Sahmkow Elias Sakellis John Saliba Christophe Sanchez Frederique Steels Yusuke Taguchi Guo Qing Tang Tony Thomas Andrea Vallejo Adele Van Zijl Gonzalo Acha Alessandro Agostini Luis Angel Sonia Ansieaux Jihane Azar Eriko Bagatim David Bailey Ramona Barden Kane Bayliss Meng Wui Beh Borhene Ben Mena Julien Bentz Angus Booth Cyril Bouchet Nick Brambring Henry Brown Timothy Burns Santiago Castagnino Andrew Chang Erica Chang Philana Chen Benjamin Choy Pedro Coelho Evan Cohen Douglas Cook Sylvain Coriat Chris Davies Vasco De Castro Steven de Gruyter Côme Derouaux Atanas Dimitrov Vivek Dogra Alain Dos Santos Benoit d Udekem Johan Dulat James Fulton Antonin Giroux Julien Godard Hian Goh Ron Golan Colleen Grady Sameer Hajee Ivan Halasz Philip Hallenborg Jonathan Halloran George Hebard Steven Hegarty Bernard Hernandez Grace Hu Abdellatif Imani Hiroya Isa Xiaoyu Jia Nandini Joshi Fredrik Juto Masami Kato Rishi Khubchandani Andrew Kloeden Alexandre Koroleff Christopher Kramme * Lars Kreutzmann Shamik Lala Larry Lee Wee Hau Lee Christian Lelong Nicolas Lemaitre Alexey Lesin Yuk-Yee Mary Leung Brian Love * Bas Ludoph Lily Luo Peter Margetis Peter Maxmin Karen McCormick Rob McDowall Panagiotis Metsis Phani Michaelides Tali Miller Amir Mishriky Natasha Mitchell Rob Moffat Luis Mota Duarte Wes Nicol Nima Obbohat Angela O Connell Martin Oppenrieder Louise Parlons Bentata Shilpa Patel Maria-Christina Perez de la Sala Guillaume Picot Jean-Christophe Pitie Thomas Plant Andrew Priest Boris Przytulski Markus Puttlitz Letizia Quaranta Carmen Racy Jatin Rajput Timm Reutter Bruno Romand-Monnier Mark Roth Chetan Sahai Roopak Saluja Joe Sawyer Walden Shing Hugues Steinier Sai Tampi Tao Tang Jack Tan Markus Taraba Carsten Thode Sven Van Den Bergh Jan Willem van den Broek Alexis Van De Wyer Wolfram von Braunschweig Julien Wallen Chris White David Wong Aaron Yeo Tricia Yeo Claire Yim Moon-Ghee Yu MBA 05J Saman Ahsani Julien Blocman Paul Huysmans Laurence Byrne * Artem Fomenko Katja Berlinger * John Clarkin Patrick Stalder Marios Trivizas Kashif Aslam Alexandros Bistis Vincent Decoux * Patrick Grona Anastasios Manos * David Martin * Paul Thienprasit * Song Bac Toh Thomas Veulemans MBA 05D François Aguerre * Bertrand Bacaud Nicolas Hunke * Hari Krishnan Alexander Rodriguez Wilson * Alain Cochenet Jan De Moor Marius Holzer Eric Karst Jani Puroranta * Harvonne Hui Ha Yap MBA 06J Miha Zerko Elizabeth Chen Guillaume Horreard Partha Seshadri * Sander Zboray * Recognises alumni who have given to INSEAD for the past five consecutive years.

43 84 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 85 Rudi Airisto * Dora Bose Eloi Carbonell Alan Casey Carolina Clemente Valerie d Argembeau Juan Manuel Gomez Georges Houtappel Shota Ishii Nitin Lamba Erik Lautier Veronica Lee Nicolas Legrand Greg Li * Lily Lin Rainer Maerkle * Colin Mutchler Udi Nachmany Amir Ofek Tony Ren Guillaume Rigoigne Guillaume Sagez Yoji Sawada Rajiv Shankar Jasrin Singh Jamie Staal Roland Stapper * Federico Suria Amit Vij Lars Windhorn Patricia Yeh MBA 06D Chirantan Barua Hemant Aneja Laurent Issner Yubo Liu Marwan Badran * Robin Daina Arnaud Henin * Chwee Sing Koo Sébastien Lacroix * Shun Maki Sandeep Menon Marta Obrebska Gauthier Van Eetvelde Bernd Wendeln * MBA 07J Edouard Muuls Olesya Struk-Kliapatski Daniele Cappelletti Felix Fischer * Nikolaos Fotilas George Fourniotis-Pavlatos Souhil Harchaoui * Matias Repetto Cynthia Schweer Robin Gandhi Jan Justus Milan Kulich Margaret Malewski * Annabel Noth * Pascal Noth * Fabricio Pettena Jonas Samsioe MBA 07D Gilberto Gaeta Cintia Tavella Gomez Safia Ladak Dries Vande Velde Riad Chowdhury Andy Holley Daniele Santini Josefine Staats Andreas Hilz Terence Leung Raffaele Maiello Mark Matthews Jai Mirpuri Joao Mora Wouter Stoutjesdijk MBA 08J Edward Touret Sandra Durth Salman Tarin Erik Berden Philip Breesch * Alexandra Commelin Timothy Cosulich Etienne Lecompte Johan Reynaert MBA 08D Alexey Pavlushkin Philip Salem Ying Chen Beck Chiu * Valerie Coscas Catherine Waldby Silvia Benedetto Christian Berghout Julian Catchick Stuart Fitzroy Christophe Hamal Jeremy Huycke Kent Lee Chandra Joan Margetis John Mullally Abraham Papakirillou Paul Rosenbaum * Alexander Salzmann Iordanis Sarafidis MBA 09J Reunion Fund Chair Virginia Brumby * Reunion Fund Delegates Nada Abdelnour Mohamed-Ali Baccar Sophie Eisenmann Jad Ellawn Guillermo Grande Renee Grossman Emiliano Guainella Hill Hardman Judy Huang Harinder Janjua Edouard Janssen Mads Jensen Jens Johansen Jamil Kabbani Jan Koelema Antonios Kondis Mariya Ladusane Frederic Lammens Christophe Larroque Gaby Lacuesta Geneviève Maltais-Boisvert Stefan Margolis Sebastiano Macchi McCall Dorr * Joe Nakhle Pooja Nanda Anna Ong Jan van Overbeek Juliana Pisani Vio Scarlat Michael Schelper Amir Segall Burcu Seslioglu Noa Silberklang Julia Stubben Abhay Varma Nadjia Yousif Marta Zareba Virginia Brumby * Grigory Fedorishin Mads Jensen * Anna Ong * Christian Rebhan Philippe Savariau Richard Smith Davide Archetti Moritz Butscheid Yulia Butscheid Samuel Castelo Wen Ying Choy Sebastien Demole Joseph-Patrick Dib McCall Dorr * Alexander Drummond Jad Ellawn Danielle Geara Hill Hardman John Hardman Nat Hautavanija Harinder Janjua Edouard Janssen Yasmin Meyohas Jensen Antonis Kondis Min (Sandra) Lin Sebastiano Macchi Sarah Mahmoud Marta Margolis Stefan Margolis Miguel Munoz Natalie Myshkina Kyoko Ogura Arie Orlovsky Emanuel Petros Robert Pike Omega Poole Farhad Rahimov Yuni Rohmanningrum Keenen Kai Roolf Serge Sacre Emile Salhab Michael Schelper Amir Segall Jan Van Overbeeke Quirine Van Voorst Tot Voorst Louis Versele Marcelo Vicintin Domenic von Planta Benny Yoshpa Nadjia Yousif Nadir Zafar Nada Abdelnour Olivier Adam Hugo Angelmar Imran Aslam Youssef Assabghy Vinay Badal Raka Basu Raphael Bick Tom Birkefeld Giulia Bortoletti Thomas Brunner Alessandro Cannarsi Tara Carella Gunish Chawla Artem Chestnov Emmanuèle Claeys François De Bodinat Tahira Dosani Robyn Doyle Guillaume Dupont Sophie Eisenmann Desiree El-Chebeir Eric Eyberg Peter Faulhaber Amanda Floyd Marc Georgiou Fernando Geraldi Mathieu Grodner Reene Grossman Emiliano Guainella Olivier Gudin Christoph Henseleit Alastair Horrocks Yawen Hsu Judy Huang Guilherme Issa Carol-Luc Jonard Faizal Karmali Keith Katz Jan Koeleman Dimitrios Kofodimos Sencer Kutlug Sam Kwong Maria Ladusane Khaled Lahlo Frederic Lammens Christophe Larroque Jasmine Lin Andrew Macdonald Christos Manolis Maryline Marquet Bertrand Martin Aleksey Martynov Christophe Meugnier Dheeraj Motwani Sven Henryk Mueller-Tempel Nigel Muyambi Joe Nakhle Priyanka Nath Hieu Nguyen Kirsten Nijsten Eric Nishimura Gustaf Nordback Ben Jin Ooi John O Shea Nicolas Pardo Lanzetta Rohan Parikh Sergio Pereira Alex Pericleous Nosh Petigara Shehryar Piracha Juliana Pisani Odmaa Purevsuren Greg Putka Marc Rademacher Nadia Rahim Mohan Rajamohan Julian Ratcliffe Thomas Robert Miquel Roca Michael Rochon Bertrand Romieu Daniele Rovere Joel Santos Xanthos Sarris Eloy Sasot Vio Scarlat Ritu Singh Niranjan Soni Ilias Sousis Tim Spillane Ferdi Steinbeis Chris Stone Jaap Strengers Julia Stubben * Recognises alumni who have given to INSEAD for the past five consecutive years.

44 86 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 87 Thomas Studd HongJoo Sun Eemei Tang Vanessa Tan Flávio Teixeira de Oliveira Radhika Thakker Vijay Thirumalai Keiko Tone Hang Tran Sylvain Triadou Beccy Turner Bowen Uhlenkamp Hidde Van Melle Victor Wan Sabine Weissinger Renato Weiss David Widmer Waleed Zamel MBA 09D Reunion Fund Chair Rachna Chowla Reunion Fund Delegates Ankit Bisht Adriana Buchler Mauricio Comi Grant Crosse Mounir Maurice Doumani Samantha Fisher Caroline Fricke Bas Gevaert Shikha Gupta Alberto Salvador De La Hoz Tanya Kalinina Soham Lamba Aziz Ndiaye Chhabra Meenakshi Simon Phillip Maria Vanessa Raymundo Gautier Rousseau Almir Salimov Manish Kumar Singh James Sitsankul Agnes Swierta Huda Treki Valentine Berghmans Meenakshi Chhabra Tony EdehJohannes Jarlebring Suksiri Kulvaraporn Pedro Rivero Gonzalez * Nader Antar Amélie Aurel João Pedro Carneiro de Mendonça Julien Cazorla Enrico Cesenni Mazunzo Chaponda Rachna Chowla Julien Dalamel De Bournet Ibrahim El Ghoul Brice Gilbert Oskar Handrick Andree Harahap Enzu Jeon George Kurian Chloe Lavedrine Kamal Parida Kimberley Stokes Philippe Turrian * Evgeny Yakushkin Abhijit Agate Keji Ajayi Tiago Almeida Henry Arias Amortegui Cathy Arnold Johannes Ballestrem Victor Barrero Calderón Sami Bejjani Miranda Berkhof Vishal Bhargava Hannes Braendli Layal Bulbul Michael Caracache Gonçalo Castelo Branco Lee Ling Chow Mauricio Comi Nathan Creswell Luis Flavio Da Cunha Araujo Joris De Boer Yavuz Demir Seyi Dere Janhavi Desai - Parikh Harald Deubener Orhene Dhaouadi Sheryl Dodd Mounir Maurice Doumani Stian Drageset Michael Drinkwater Isabelle Finger Samantha Fisher Sabine Flechet Marijn Flinterman Tom Foster-Carter Caroline Fricke Peter Fridell Hendrik Fröhlich Anna Fromme Desiree Fung Barboza Vytas Gaisrys Gadi Gefen Annette Gevaert Bas Gevaert Alexandru Ghita Giovanna Giamundo Gianluca Gindro Amit Golan Shael Green Sebastian Grobys Alvaro Guerrero Morras Maroje Guertl Herve Guisseau Kajal Gupta Nupur Gupta Shikha Gupta Keno Gutierrez Arpita Halgeri Gordon Hamilton Anna Hancock Daniel Hernandez Hayat Horma Ben Babana Davit Hovhannisyan Ahmed Ijaz Tushar Jain Paloma Jimenez Mazuelos Albert Jun Carl Kalapesi Tanya Kalinina Mona Kennedy Fabian Klinz Jonathan Kolb Alex Kraynyukov Rohit Kumar Wai Keng Kwok Aude Lamarche Soham Lamba Debbie Lam Yubin Lee Evgeny Levchenko Andrew Levitt Konstantin Liakhov Anne-Sophie Liduena Monica Li Susanne Loehr Adele Lomax Javier Lopez Aranguena Dora Lui Naush Malik Vincent Marchal Sergio Martinez-Burgos Paul Medrisch Francisco Meza Campuzano Mohamed Mirza Ben Moens Malcolm Murray Aziz Ndiaye Laurent Neuve Eglise Victor Ong Andrey Panov Clement Pasquier-Desvignes David Piehl Aristeidis Pilitsopoulos Konstantin Popov Ahmad Rammal Etiene Ramos Ketaki Rao Elena Revenko * Jan Riehle Jordane Rollin Gautier Rousseau Almir Salimov Alix Samuelson Samarth Sanghavi Lluís Sarrado * Tobias Schmitter Manish Kumar Singh James Sitsankul Ajay Sohoni Isaac Souweine Cristina Stefanita Panagiotis Stergiopoulos Karthik Subramanian John Timothee Claudia Torres Giammarco Tosi * Cheryl Tung Albert Valcarcel Sitja Ugo Valensi Mareike Waechter Chong Wang Tomas Wiedermann Marcus Wilson Alex Witt Joanne Yun * Oktawian Zajac Tamas Zelczer Raphael Zennou Peng Zhang Joy Zhu Andrey Zimenkov MBA 10J Brenda Wong Bermbach Maria Levanti Akiko Nomura Pol Brouckaert * Jun Casa Santa Sanchit Chokhani Mark Dembitz Tori Fahey * Themis Gkion * Dimitris Kossyfas Mihai Teognoste Yves Warnant MBA 10D Tushar Agarwal Noriko Hanada Per Johansson Rick Morioka Tao Liu Bo Luo Sabrina Ng Vanessa Vincent Juan Bengzon Bertrand Fallon-Kund Jeannie Kwok Kim Lauritsen MBA 11J Paul-Evence Coppée Adam Emilianou Glenn Huybrecht Henrietta Ko Kees Van Lede Siddharth Mani Benjamin Reynaud Zhengyu Zhou Sebastien Allard Sagar Chandaria Abhishek Gakhar Ivy Kim Mathias Korder Fort Adrienne Minster N.K. Modi Bud Nolan Sébastien Perron-Carle MBA 11D Matthias Bloennigen Andreas Durth Satoko Kaneko Ivan Kornoukhov Coralie Zaccar Paris Kallitsantsis George Papadakis Michelle Salomon Alexandre Sanguinetti Francois Van Bogaert Jinzhou Yi Fei Zhang MBA 12J Michael Steiger Yulia Alikhanova Yen Lee Eugene Woo Pim Altena Ashley John Karl Malmstroem MBA 12D Rénald Bejaoui Antoine Guillou Seán Hogan Breno Zaban Levent Bas Andrew Charbin Yannis Chatzidakis Ludovic Choppin Ayman Kichly Georgia Kokkini Carolyn Lek Pranav Mehta MBA 13J Gwen Vassy Adriaan Bloys van Treslong Pei Di Chin Shaili Agrawal Jaideep Dhanoa Jing Jin MBA 13D Nikolas Aletras Lydia Forte Lunah Nevhutalu Panos Papazoglou * Recognises alumni who have given to INSEAD for the past five consecutive years.

45 88 INSEAD Donors Report 2013/2014 Individual Giving: Alumni, Friends & MBA Students 89 Global Executive MBA Programme Philippe Lacoste 06 Sajan Koch 08 Magdalena Sacre Svensson 13 Axelle de Kerdanet 09 Gregory Cattin 04 Marcio Fujita 04 Rakiba Chowdhury 09 Margherita Fontana 09 Cyril Thiebaut 12 Ariane Rossi 06 Marijn Smit 06 Amaury Dauge 08 Fares Khaddour 08 Mauricio Teixeira Dos Santos 08 Jack Wang 08 CG Zhou 08 Valerie Gilles 09 David-Alexandre Guez 09 Greg Jakubowski 09 Petri Tuomola 09 Raed Adawieh 11 Remon Veraart 11 Yukiko Fujio 12 Yasemin Okur 13 Deepa Chatrath 04 Paul Jansen 04 Justin Chen 05 Patrick Klein 06 Su Lin Goh 08 Heng Hua 08 Tin Lin Lee 08 Gianfranco Olivieri 08 Marcus Hilger 09 Karan Mohla 09 Artemy Voroshilov 09 Rudolph Bella 11 Florent Dhaynaut 11 Thomas Perkmann 11 Jee-Young Kim 12 Miguel Bagôrra 13 Jasmine Oh 13 Stéphanie Villemagne 13 Tsinghua - INSEAD Executive Programme Gerald Lee 12 Soeren Seitz 10 Michael Wee 10 Adeline Lim 11 Luc Liu 13 Ming Ai Ong 12 Avalyn Lim 14 Ching-Eng (Jason) Png 14 PhD Programme Gabriel Szulanski 95 Rajdeep Patgiri 07 Luis Almeida Costa 95 Hakan Ener 09 Executive Master in Consulting and Coaching for Change Martine Van den Poel 03 Philippe Haspeslagh 07 Sai Ram Nilgiri 05 Master of Finance Sarfaraz Ahmed 14 Aaron Vale 11 Scott Peak 12 Executive Development Programmes Advanced Management Programme Hoon Ping Ngien 12 Paul van Grevenstein 01 Bruno Chevolet 04 Vitor Sevilhano Ribeiro 83 Carlos Teixeira de Moraes Rocha 98 Marc Bihain 99 Etienne Haumont 99 Labros Digonis 00 Ana Barreto Albuquerque 09 Massimo Scarcello 13 Programme Supérieur pour Dirigeants Blaise Matthey 00 International Executive Programme Bettina Langenberg 97 * Marijke Pubben 92 Sander Geelen 97 Alexander Krikis 87 Jean-Pierre Bienaimé 93 Thanassis Kefalas 98 Helen Henderson 04 Pantelis Lamprou 09 Management Acceleration Programme Rosalind Pereira 07 Tassos Los 12 Katja Boytler 10 Raymond van Eck 11 Audrey Scozzaro Ferrazzini 12 Kate Owens 13 Young Managers Programme Hilde Deschoemaeker 07 Luc Sterckx 86 Frederik Vladimir Declercq 90 Craig McKenna 06 Transition to General Management Xander Heijnen 11 Luc van Becelaere 12 Haris Sgardelis 13 International Directors Programme Luc Marie Jan Sterckx Honorary Alumni J. Frank Brown Ludo Van der Heyden Friends, Faculty & Staff to Thierry Breton Sandy Ogg to R.Todd Ruppert Martine & Philippe Haspeslagh- Van den Poel Patrick Snowball Peter Zemsky Elisabet & Manfred Kets de Vries- Engellau Javier Gimeno Quy Huy Norberto Morita Subramanian Rangan Thomas C. Barry Christopher Cheng Christopher Franck Ilian Mihov Narayan Pant Joannne & Herb Shoveller Andrea Bertoldi Marta & Pekka Hietala Paul Skinner Gabriel Szulanski Sally Williams-Allen Eelo Gitz Christos Adam Bassam Alaujan Ioanna Archimandriti Neil Bearden Cynthia Benoit Sarazin Shantanu Bhattacharya Esther Chang Rajeev De Mello Barbara Ebert Nynke Fautrat Stavros Ioannou David Jemison Helle Jensen Mads Larsen Maria Los Anna Mbow Rolie Mouandza Athanassios Peppas Corinne Ravault Christophe Rene Alice Santos Austin Tomlinson Marina Vergou Ivi Vigas Christen Wise Claudia Zeisberger Group donations AMP Participants 14D FBL Class of MBA 63 Greek Friends of INSEAD INSEAD Alumni Association Belgium INSEAD Alumni Association Denmark INSEAD Alumni Association Canada INSEAD Club of Singapore The 2013 INSEAD Americas Forum INSEAD gratefully acknowledges all donors who wish to remain anonymous. * Recognises alumni who have given to INSEAD for the past five consecutive years.

46 90 INSEAD Donors Report 2013/2014 MBA students: Classes of MBA 14J & 14D 91 MBA students: Classes of MBA 14J & 14D It is a tradition at INSEAD that students make a first donation to the school through a collective effort towards a special project. A majority of students in the classes of MBA 14J & D chose to support the INSEAD Robin Hood MBA Scholarship Fund which supports a deserving MBA student in each class. MBA 14J Nilla Lansman Vladimir Nazaryan Tiago Palma Jeremie Certes Nicoleta Hurubeanu Emmanuel Lange Philippe Reynier João Paulo Seabra Santos Lorenzo Sormani Ayo Tanimowo Maria Fernanda Valencia Mabohlale Addae Ali Agha Ubaldo Aguirre Saud Alaujan Ronja Altmann Matthias Amble Nikhil Amin Tomas Ancelovici Suhrcke Thomas Antonioli Hisashi Arakawa Miguel Arias Domecq Govinda Avasarala Sara Axelrod Ayla Azizova Ingmar Baer Sebastian Bak Murat Balci Deniz Barisik Helene Baudon Myriam Bau Samuele Bellani Adib Benazzi Raphael Bihler Shymaa Binbrek Gemma Bloemen Thomas Blondet Julien Bouverot Constance Breton Marie-Clotilde Brianchon Mezier Briefkani Jonathan Brugge Rahmat Budiardjo Linna Bun Alessandro Callioni Jaime Calvo De La Prida Frederico Capelao Felippe Carsalade Luis Castro Jeffrey Chalmers Michael Chang Joanne Chehab Joy Cheng Alexandra Chenguelly Yam Cheng Yury Cherevan Karen Chiao Imran Choudhury Andrzej Ciupak Caroline Cochin De Billy Anna Collier Recabarren Santiago Concha Dognime Coulibaly Brendan Cronin Ceyda Dagdelen Donatas Dailide Antonio D Angelo Bhuman Dani Thomas De Clerck Philippe De Schoutheete De Tervarent Damien Despinoy Qianyu Di JD Doraiswamy Sabrina Dorman Bruno Elias De Sousa Mehmet Energin Philippe Esteve Ignacio Fantaguzzi Jorge Fernandez Vidal Max Fieguth Juan Figar De Lacalle Angela Flaemrich Henry Fraser Eva Frommelt Daniel Fry Coralie Gache Christoph Ganahl Stephan Garabet Renata Gaspar Caitlin Gill Mudit Goenka Berthilde Goupy Herman Gouri Stefanie Grabner George Grumbar Teymur Guliyev Adya Gupta Manuj Gupta Pradyumna Gupta Roohi Gupta Shash Gupta Ellen Gursanscky Frederic Guyard Bo Harrison Jeff Hatcher Tim Heal Ted Hickey Linda Hogel Jayky Hong Wayne Hsu Daniel Hund Wenqi Hu Yoshiaki Hyodo Eugenia Iarina Karol Ignatowicz Andrei Ivanenko Mazen Jabado Zohaib Jalal Ingo Janisch Gilles Jaouen João Jara De Carvalho Vale Almeida Mikael Johansson Angela Johnson Pål Andre Jordanger Nijo Jose Zach Kapellakis Waichiro Katsuda George Keiser Tahir Khan Aditi Kibe Thomas Kirschstein Florian Kloessinger Kristy Koh Shruthi Komandur Dylan Kong Fredrik Kongsli Jungeun Koo Krystal Kovalick Eszter Koves Yun Jin Ko Brinda Kugapala Aigerim Kulseitova Tobias Kung Mariko Kusume Olivier Kuziner Jessica Lamothe Vargas Sok Yih Lam Christian Westlye Larsen Mattia Lattanzio Kathie Lewandowski Anna Li Audrey Li Leon Li Jonathan Lim Donnie Ling Christian Lippler Virro Liu Allan Lopez Valencia Nanne Louw Winnie Lo Bernardo Lucas Roland Luethy Tiago Machado Russ Macmillan Bartosz Majewski Naseer Mandozai Nikolas Mannio Charles-Henri Martin Alexandre Maurice Lana Mazahreh Francisco Meneses Elena Minardi Aditya Mirchandani Olga Mironova Wafic Mounla Prashant Mukherjee Fadi Muna Imran Musaev Shai Muthana Rohit Naag Ido Naftaly Saad Nassar Tilo Neumann Tu Ngo Davide Nicola Daniyar Nurskenov Gillian Gamuchirai Nyamayi Anthony O Byrne James O Hare Joni Andrea Ong Josselyn Padilla Quinto Kunal Parekh Su-Hyun Park Sam Patel Veronika Patkai Ted Paulus Peter Perquy Marco Piazzalunga Michel Pilot Remi Piwowarski Harsh Podar Camila Pombo Diaz Maruti Prasanna Puneet Raj Sharanya Ramachandran Miguel Ramos Leili Rasouli Waqas Rasul Deepak Rathee Marc Reinke Ricardo Renno Philip Rogers Alberto Rossi Vangelis Rousos Ozgur Saglam Matthieu Sagnier Kenta Sakakibara Karmini Sammantha Murthy Elia Sasia Yulia Savitskaya Arnold Scaglione Mayssa Scheib Andrew Schill Julian Schroeder Francois Schumayer Marc Schuster Rebecca Semrani Ashwin Seshadri Ajay Shivdasani Monica Sigrist Karambir Singh Mervin Singh Madhurina Sinha Mahmoud Sirry Rumbidzai Sithole Shreyas Srinivas Dmitry Stakhanov Mike Stamp Lisette Steins Itamar Stern Lara Sun Malvika Surendra-Pai Maria Sveshchinskaya Catherine Sylvain Rana Taghdisi Vaibhav Talwar Alexandre Tanaka Bernardi Vitaliy Tarasov Ankur Thakore John Theodorakis Tom Tilley Laurent Toinet Yaroslav Tomashyk Alessandro Trabaldo Togna Zagita Truhandiaz Ana Margarita Trujillo Thanassis Tsamis Eileen Tu Pinar Tunakan Alican Ulke Nikhil Vadgama Juan Pablo Valdes Maria Fernanda Valencia Gideon Valkin Deborah Van Dam Sommers Nicolas Verdon Luca Verre Lodovico Viola Veena Viswanathan Christoph Von Planta Chen Wang Julie Wang Mi Wang Qingqing Wang Ahson Wardak Ed Warrick Heidi Wildemann Katherine Wilson Waenyod Wongtrangan Alexander Wrey

47 92 INSEAD Donors Report 2013/2014 MBA students: Classes of MBA 14J & 14D 93 Subu Wuppalapati Lei Xia Zhouping Xu Lydia Yang Wissam Yassine Rudy Yazbek Jason Yee Loong Brata Yudha Alice Yung Aleksander Zahariev Kun Zhao Sasha Zhdanova Roman Zhdanov Joseph Sen Zhou Lin Zhu Kiril Zlatkov MBA 14D Jin Chung Christian Kruse Elias Aad Nazia Abdul Sathar Thomas Adank Rashmi Agarwal Peeyush Agarwal Sahaf Ahmed Tazreen Ahmed Ridhima Ahuja Ameera Akkila Alexandra Elisabeth Albers- Schoenberg Mohammed Al Kuraishi Latifa Almaraj Shadi Alsuwayeh Thiago Alvarenga Peng An Rowan Anders Johnny Antonios Jean-Pierre Aramouni Alya Armali Tushar Arora Frank Niranjan Arulpragasam Rami Atme Cristina Atomi Imad Atwi Adomas Audickas Vakhtang Babunashvili Phillip Spandre Badger Guilherme Augusto Saliba Barbone Brice Baro Matthew Barracosa Bruno Barros Marroig Silvia Brigitte Baumann Mostafa Bedair Metwalli Jean-Patrice Bellier Erin Bellsey Diego Bernal Carl Mikael Berner-Eyde Alvin Bharata Muhammad Omar Bilal Nikolai Boker Laukik Bothara Doron Brenmiller Andrew Broekelmann Konstantin Bykhanov Gonzalo Campuzano David Cao William Cappelletti Maximiliano Jav Casas Sanchez Yizhe Cen Edgars Cerps Amine Chabbi Kar Fei Catherine Chan Monica Chan Charissa Anne Chau Zakaria Chehab Wen Cheng Guillaume Cheron Ruo Yun Chong Tarini Chopra Yi-Chieh Chou Raphael Coelho Cristobal Correa James Cotton Chao Cui Paulo Cunha Jacques Dagher Steve Dakayi-Kamga Duc Dao Alienor De Buyer Iliana Ilieva Deevska Justin De Lanauze Alvaro Del Carpio Kevin Delissy Vikram Dhaliwal Riya Dhawan Yi Ding Marc Donnadieu Thiekoro Doumbia Romain Drauge Hong Du Bastien Durand Vishal Duriseti Roy El Chab Majdalani Nayla El-Haber Najla El Khatib Cesar EL-Khoury Pablo Elola Tur Sinan Erhan Andre Fadel Joao Figueira Uta Fischer Dmytro Fomin Marie Francis Adam Jan Fudakowski Dominic Gallello Ariane Gan Howard Gani Ying Gao Ketaki Garg Sarah Gass Jan-Ole Gerschefski Maria Ghibu Preston Gitlin Nicolas Godin Gonzaga Gomez-Albo Sanchis Umber Gosain Pierre Gourdain Rory Green Guanyi Gu Camila Guarnieri Kohler Ashmita Gupta Aanchal Gupta Nadezda Guzovina Edwin Hage Alireza Hajabbasgholi Achraf Hamoud Fadi Hariz Praewpatra Harnbumrungkit Khadija Hasan Bridget Lee Healy Richard Hillen Zain Hirani Andrew Hoffman Robert Christopher Hollas Neil Wayne House Han Huang Iaf Inconnu Massinissa Ibrahim Alexandra Ignatyeva Vladimir Ioseliani Bindya Jacob Bradley Allan Jacobs Ajay Jayaraman Ik Jae Jeong Yin Ji Vanessa Karvela Ankit Kedia Amos Song Jie Kew Mohammad Husain Khan Antoine Khawam Karen Ko Pavel Kovalevich Pinki Kumari Lev Kundin Sebastien Lai Sahasranaman Lakshmanan Amy Landwehr Sarah Jane Langham Mads Graves Larsen Haesung Paul Lee Kar Wai Lee Miao Xin Li Warren (Miaoxin) Li Luca Liberti Jingqing Lin Lena Sofia Lindvall Qinjie Liu Xiaoxiang Liu Rafael Roland Loehrer Bertrand Louvard Nicolas Gaspar Lucciarini Jacob Lund-Andersen Richard Mabey Zulfiqar Ricky Mahar Oliver Makins Gaurav Malik Arvind Manian Zdravko Marijic Lluis Mateo Dilme Ivan Matov Alice Medori Aman Mehra Nimit Mehta Rinki Melwani Mareike Mewes Fong Tien Miao Adnan Sohail Mirza Nadir Mirza Rashad Mirzayev Ole-Marius Moe-Helgesen Lai Lei Mok Sergio Andres Montenegro Juan Moreno Martinez Nikola Najdovski Georges Nakhle Ian Napier Yaniv Benjamin Neu-Ner Andrew Noble Sarah Camille Oblepias Maria Ochoa Sepulveda Ahmet Okay Shirley Okereke Abhishek Pandey Dular Pandya Pankhudi Pankhudi Varun Pardiwalla Sudarshan Pareek Andreas Petsas Oscar Patrick Pobre Diego Prina Ricotti Leonardo Principe Adam Tyler Purviance Ramya Ragupathi Kanika Rajdev Kaustubh Rajnish Yoni Ram Luiz Fernando Ramos Shruti Rastogi Varun Ravichandran Maarten Rijs Anjum Rishi Oleg Rogalev Marc Etienne Rousseau Seungbak Ryu Petr Sadilek Kaissar Salamy Kyle Salvatora Alexander Tomin Sarmiento Mayank Saxena Hadas Schragenheim Joe Sebastian Florentin Didie Servan Soni Shah Krutin Shah Vishal Ajmera Shah Abhishek Shankar Ram Irina Shigina Paul Shin Rohit Shrivastav Romain Sigot Gurpreet Singh Noorneet Singh Bret Smart Joseph Smolen Olivier Stapylton-Smith Marcel Sebastian Stötzel Iva Takovska Serene Tan Farjad Tanveer Wei Tao Elvis Terigin Paolo Testoni Chui-Jean Tham Arun Varghese Thomas Yunying Tian Minghong Eugene Toh Carmelo Truscello Meng Fai Tung Steven van den Bosch Maarten Van Hoek Joost Van Kempen Szilvia Varga Diego Vargas Vallejos Vladimir Varnavskii Jan Jasper Veldhuis Laure Velten-Jameson Georges Vuong Lucila Wagner Natalia Wagner Ruhuan Wang Hao Wei Felix Wickenkamp Christen Wise Sarah Wleklinski Adam Wos Hong Wei Wu Borys Yakovlev Qiran Yu Yolanda Yu Ernestina Zakrevsky Ryan Yuan Zhao Caroline Zimmerman Christiane Zogbi Amy Zwanziger We have made every effort to ensure the accuracy of our donor lists. If, however, there is any error or discrepancy please send to Stewardship and Donor Relations Services.

48 Thank you Contact information We will be delighted to provide you with information about giving to INSEAD. Please contact us. Advancement and Alumni Relations Joanne Shoveller, Associate Dean Tel: +33 (0) Annual Giving (INSEAD Alumni Fund) Nynke Fautrat, Associate Director Tel: +33 (0) Stewardship and Donor Relations Services Helle Jensen, Associate Director Tel: +33 (0) Corporate Relations Hilde Deschoemaeker, Associate Director Tel: +33 (0) Legacy Giving Christen Wise, Director Tel: +1 (408)

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