Annual Report 2021

Our Institution

Governance

IMD’s governance structure is composed of three layers – the Executive Committee, the Supervisory Board and the Foundation Board.

Overview

Overview

Comprised of key stakeholders – including CEOs from companies with which IMD has strong learning partnerships, leaders of academic institutions, alumni and faculty – the IMD Foundation Board and IMD Supervisory Board are responsible for governance at IMD, as well as ensuring the organization remains relevant to the evolving needs of the global corporate community.

In IMD’s three-tier governance structure, the Executive Committee is the management body of the institution.

Led by IMD President Jean-François Manzoni, the Executive Committee proposes IMD’s business goals, financial targets and annual budgets within the strategic guidelines agreed with the Supervisory Board. Together, they take decisions in a timely manner with the required quality. The IMD President is appointed by the Supervisory Board.

Executive Committee

The President proposes the structure and composition of the Executive Committee, regularly informs the Supervisory Board about developments, issues, actions and results, and delivers annually an activity report to the Foundation Board.

The members of the Executive Committee include faculty members responsible for high priority strategic tasks and senior staff who lead key functions of the institution.

Details for members of Executive Committee and boards correct for 2021 composition.

Jean-François Manzoni

Jean-François Manzoni
President and Nestlé Chaired Professor

Yassine Ayadi

Yassine Ayadi
Chief of Staff

David Bach

David Bach
Dean of Innovation and Programs

Delia Fischer

Delia Fischer
Chief Communications Officer

Ana Gil-Robles

Ana Gil-Robles
General Counsel and Board Secretary

Louis Leclezio

Louis Leclezio
Chief Digital & Customer Experience Officer

Peggy Le Roux

Peggy Le Roux
Chief Finance and Administrative Officer

Anand Narasimhan

Anand Narasimhan
Dean of Faculty and Research

Laurent Tranchida

Laurent Tranchida
Chief People Officer

Supervisory Board

The IMD Supervisory Board is presided over by the Chairman of the Foundation Board. The Foundation Board appoints the Supervisory Board from among its members to support, challenge and supervise IMD’s operations.

In 2021, the IMD Supervisory Board consisted of seven members.

Michel Demaré

Michel Demaré
Chairman of the Foundation and Supervisory Boards
Supervisory Board Member
VODAFONE GROUP PLC

Hanne de Mora

Hanne de Mora
Vice Chairperson of Foundation and Supervisory Boards
Chairperson & Co-Founder
A-CONNECT GROUP AG

Gilbert Achermann

Gilbert Achermann
Chairperson
STRAUMANN HOLDINGS AG (EMBA 2000)

Jouko Karvinen

Jouko Karvinen
Chairperson of the Board
FINNAIR OYJ

Liselott Kilaas

Liselott Kilaas
Chairperson
COALA LIFE (MBA 1987)

Damien O’Brien

Damien O’Brien
Non-Executive Director
ARDAGH GROUP AND ST VINCENT’S HEALTH AUSTRALIA

Woods Staton Executive

Woods Staton Executive
Chairperson of the Board
ARCOS DORADOS SA (MBA 1976)

Foundation Board

The role of the Foundation Board which in 2021 consisted of 50 members, is to provide guidance to administer and represent IMD and, generally, all steps permitting IMD to achieve its objectives. At their annual meeting in November, IMD Foundation Board members approve IMD’s overall strategic direction and the financial results, and elect board members.

Gilbert Achermann

Gilbert Achermann
Chairperson
Straumann HOLDINGS AG

Tiina Alahuhta-Kasko

Tiina Alahuhta-Kasko
President & Chief Executive Officer
MARIMEKKO CORPORATION

Hana Al Rostamani

Hana Al Rostamani
Group Chief Executive Officer
FIRST ABU DHABI BANK

Vinita Bali

Vinita Bali
Non-Executive Director and Member of the Board
SYNGENE INTERNATIONAL LTD

Joan Beets

Joan Beets
Partner
KENNEDYFITCH

Thomas Buberl

Thomas Buberl
Chief Executive Officer
AXA GROUP

Ronan Cassidy

Ronan Cassidy
Chief Human Resources and Corporate Officer
ROYAL DUTCH SHELL PLC

Boris Collardi

Boris Collardi
Managing Partner
PICTET GROUP & CIE SCA

Jo Deblaere

Jo Deblaere
Chief Operating Officer
ACCENTURE

Alain Dehaze

Alain Dehaze
Chief Executive Officer
ADECCO GROUP AG

Hanne de Mora

Hanne de Mora
Chairperson & Co-Founder
A-CONNECT GROUP AG

Michel Demaré

Michel Demaré
Supervisory Board Member
VODAFONE GROUP PLC

Henrik Ehrnrooth

Henrik Ehrnrooth
President & Chief Executive Officer
KONE CORPORATION

Annika Falkengren

Annika Falkengren
Managing Partner
LOMBARD ODIER GROUP

Bernard Fontana

Bernard Fontana
Chief Executive Officer
FRAMATOME

Harsh Goenka

Harsh Goenka
Chairman RPG
ENTERPRISES

Michael Hengartner

Michael Hengartner
President
ETH BOARD

Nouria Hernandez

Nouria Hernandez
Rector
UNIL

Karen Huebscher

Karen Huebscher
Chief Executive Officer
SOLVIAS AG

Ilham Kadri

Ilham Kadri
CEO, chairwoman of the Executive Committee and a member of the Board of Directors
SOLVAY

Jouko Karvinen

Jouko Karvinen
Chairperson of the board
FINNAIR OYJ

Liselott Kilaas

Liselott Kilaas
Chairperson
COALA LIFE

Jorgen Vig Knudstorp

Jorgen Vig Knudstorp
Executive Chairman
LEGO BRAND GROUP & LEGO A/S

Jill Lee

Jill Lee
Chief Financial Officer
SULZER

Axel Lehmann

Axel Lehmann
President
UBS SWITZERLAND & PRESIDENT PERSONAL & CORPORATE BANKING

Michel Liès

Michel Liès
Chairman
ZURICH INSURANCE GROUP

Thierry Lombard

Thierry Lombard
Vice Chairman
BANQUE LANDOLT & CIE

Christoph Loos

Christoph Loos
Chief Executive Officer
HILTI CORPORATION

Margarita Louis-Dreyfus

Margarita Louis-Dreyfus
Chairperson
LOUIS-DREYFUS HOLDING BV

Jean-François Manzoni

Jean-François Manzoni
President and Nestlé Chaired Professor
IMD

Geraldine Matchett

Geraldine Matchett
Co-CEO, CFO and Member of the Managing Board
ROYAL DSM N.V.

Stefan Michel

Stefan Michel
Professor Marketing and Service Management
IMD FACULTY REPRESENTATIVE

Christian Mumenthaler

Christian Mumenthaler
Group Chief Executive Officer
SWISS REINSURANCE COMPANY LTD

Bernhard Nuesser

Bernhard Nuesser
President
AMERA, ONLINE AND DIGITAL ESSILOR

Damien O’Brien

Damien O’Brien
Non-Executive Director
ARDAGH GROUP AND REDROCK LEISURE GROUP

Adolfo Orive

Adolfo Orive
President and Chief Executive Officer
TETRA PAK

Sami Rahal

Sami Rahal
Chief Executive Officer
DELOITTE FRANCE & AFRICA

Philipp Rickenbacher

Philipp Rickenbacher
Chief Executive Officer
JULIUS BAER

Urs Rohner

Urs Rohner
Chairman of the Board of Directors
CREDIT SUISSE GROUP AG

Urs Schaeppi

Urs Schaeppi
Chief Executive Officer
SWISSCOM AG

Thomas Schmidheiny

Thomas Schmidheiny
Honorary Chairman of the Board of Directors
LAFARGEHOLCIM LTD

Mark Schneider

Mark Schneider
Chief Executive Officer
NESTLE SA

Severin Schwan

Severin Schwan
Chief Executive Officer
F. HOFFMANN-LA ROCHE AG

Ulrike Schwarz-Runer

Ulrike Schwarz-Runer
Managing Director and Senior Partner
THE BOSTON CONSULTING GROUP

Feike Sijbesma

Feike Sijbesma
Supervisory Board Member of Philips and Co-Chair of the Board
PHILIPS / GLOBAL CENTER ON ADAPTATION

Woods Staton

Woods Staton
Executive Chairperson of the Board
ARCOS DORADOS SA

Robert Uggla

Robert Uggla
Chief Executive Officer
AP MOLLER HOLDING AS

Martin Vetterli

Martin Vetterli
President
EPFL

Penelope Warne

Penelope Warne
The Senior Partner and Chair of the Board
CMS UK

Poul Weihrauch

Poul Weihrauch
Global President PetCare
MARS INC.