IVEY BUSINESS SCHOOL — 2014 ANNUAL REPORT

READY SET GO EVERYTHING IS READY, WE’VE SET OUR SIGHTS ON THE GOAL, AND NOW IS THE TIME, GO. The time is now for Ivey.

It was a year of change. But the new strategies implemented over that time have helped lay the foundation for the next phase of Ivey’s success. The detail is here in the 2014 annual report, and you will find more ativey.ca/ReadySetGo

2 Message from the Dean 12 Get Set 4 Message from the President 14 Go for It

6 Programs at a Glance 16 Message from the Advisory Board Chairman 10 Ready for This 17 Financials I have also been encouraged by new insights In the spring of 2014, the school faced A Message from that were not so obvious from outside: significant financial pressures due to a the Dean • There is a strong culture among faculty confluence of issues, including one-time and staff, who understand and support the building costs and shortfalls in revenue in direction that Ivey is taking. both our Executive Education programs and Robert (Bob) Kennedy the EMBA Program in Asia. And like many • Over the past two years, we have leading business schools, our MBA Program Dean, Ivey Business School welcomed 14 new tenure-track faculty Lawrence G. Tapp Chair in Leadership experienced a decline in applications and members, and their impact is already being enrollment. As a result, we had to make felt in the classroom, in leading academic some tough decisions. journals and in the media. Just over a year ago I took over as the ninth We reduced staff and restructured services Dean of Ivey Business School and the first • Research by Ivey faculty members is in our Canadian and Hong Kong operations, academic Dean in 18 years. I am pleased tackling some of the biggest challenges put recruiting for our next Hong Kong to bring you this report on the school’s that face business. EMBA cohort on hold while we explored activities in 2014 – a year that presented • Our new building is truly home to students, restructuring the program and centralized several challenges, but also established faculty and staff, and we have hosted some our Masters recruiting and admissions a solid foundation for the future. extraordinary events. efforts. We have also postponed a potential expansion into a new geography and Most leaders will agree that it normally • The expansion our HBA Program has been takes about a year to really understand any a huge success. Our HBA students enjoy much-needed renovations at the Spencer organization. I spent my first academic year the highest placement rates and the highest Leadership Centre. meeting Ivey’s faculty members, students, average salaries of any undergraduate We spent the summer working with an alumni and corporate partners. I was happy business program in Canada. internal team and a Task Force from the Ivey to confirm that the qualities that attracted This is an excellent platform upon which Advisory Board to analyze the situation and me to Ivey are truly unique: The school’s to grow. But the market would not let us develop a plan to respond to changes in the teacher-scholar model, the exceptional stand still. market for Masters-level education. We have student experience that Ivey provides and implemented several improvements: the power of our global community.

2 | 2014 IVEY ANNUAL REPORT • A new and somewhat more aggressive Other program highlights include: and comparative approach to marketing Highlighting a • The Ivey MSc, launched in 2010, is doing our programs; and very well, and we welcomed a class of year in gifts • The centralization of our Masters-level 42 students in January 2015. In the year With sincere thanks to all of our recruiting and admissions strategy, now ahead we will be adding two new streams donors, we highlight a few of the gifts led by J.D. Clarke, Executive Director, to the program – Data Analytics and that we received in 2014 and recognize Masters Programs Recruiting and Entrepreneurship and Innovation – in all of our generous donors in the listings Admissions. J.D., an Ivey EMBA alumnus, addition to the current International starting on page 18. is well known to many at Ivey from the six Business stream. • Ivey, along with five industry partners: years he spent at the School in roles in the ATCO Ltd., OMERS, Power Workers’ • Our EMBA Program continues to enjoy EMBA Program and Executive Education. Union, TransCanada Corporation and strong market share in Canada and Union Gas Limited, joined together In addition, three of our program directors exceptionally satisfied students and alumni. to form the Ivey Energy Consortium. completed their terms, and we welcomed • Our PhD Program continues its focus The Energy Consortium members have new directors on board. David Wood, who on quality measured by contribution to together pledged $1.25 million over five years to support the research and outreach became MBA Program Director in January scholarship and placement at high-quality 2015, started working with former Program activities of the Ivey Energy Policy and research universities. Management Centre. The Centre’s Director Fraser Johnson in July 2014 to mandate is to contribute to the national prepare for this important role. I would like to • Our Executive Education Program revenues are strong and saw the addition public debate on energy sector policy thank Fraser for his contributions to the MBA development. The Energy Consortium of several new custom clients, as well as Program. Fraser became Program Director will serve as a forum for identifying in May 2009 and, over the past five years, new open enrollment program offerings. and debating the critical issues. Research helped to build Ivey’s one-year MBA into We’re also excited about the appointment at Ivey is also supported by the Suncor the top program in Canada. Matt Thomson of Chris Chan as Associate Dean of Ivey Asia. Energy Foundation through its $1.125 million gift for the Suncor Chair in has taken on the role of PhD Director from Chris has an impressive track record in Energy Policy, as well as student June Cotte. June began as Program Director graduate business education and corporate scholarships, and outreach activities. in 2011, and during her three years she executive development with globally- developed and led significant improvements recognized schools based in Asia. This • Laura Hantho, MBA ’89 and Jon Hantho, MBA ’89 donated $500,000 to establish to the program. Andreas Schotter became experience will help Ivey grow its presence The Jon and Laura Hantho Family MSc Program Director in 2014, and he will in the region. Foundation MBA Scholarship. This lead the growth of the MSc Program. My vision for Ivey is to be recognized as academic scholarship will be given to You will be pleased to know that we have made a globally-elite business school. To me, that a full-time student entering the MBA Program based on their leadership great progress recruiting the incoming MBA means top 25 in everything we do. It means character and entrepreneurial ambition. class that began in March 2015. The class programs with the resources to attract top size is tracking well ahead of last year, and students and deliver high employment • Maria Smith and Eric Tripp, MBA ’83, have given a $500,000 donation to I am impressed with the high quality of our rates, top salaries and satisfied recruiters; establish The Eric Tripp and Maria Smith applicants. Former Dean Carol Stephenson research that is published in top academic MBA Scholarship. The scholarship will made an important strategic decision to journals; and a reputation for thought be awarded annually to a full-time focus on quality over size in the MBA Program. leadership on the critical issues of business. student entering the MBA Program That strategy has paid off, and we will It also means a financial model that enables based on academic achievement and continue to follow it. Ivey’s emphasis on us to be innovative, nimble and strategically demonstrated community leadership, quality has solidified our partnerships with invested in the right opportunities. and a preference given to those who have expressed a need for financial assistance. recruiting firms. Their confidence was The changes implemented over the year Bloomberg Businessweek • Mia Pearson and Justin Creally, reflected by MBA lay the groundwork for this next phase of rankings that placed Ivey first among 27 Co-Founders and Partners of North Ivey’s success. Strategic in Toronto, have established international schools (schools outside of Now we’re ready to go. an endowed fund of $25,000 to create the U.S.). Ivey also ranked first overall in The Duncan Fulton Creativity in the employer satisfaction category. Business Award. The award is in honour of Duncan Fulton, EMBA ’13, Executive Officer and Senior Vice- President of Canadian Tire Corporation. It recognizes the enormous impact he “My vision for Ivey is to be recognized has had in the professional lives of Mia and Justin. The award will be given to as a globally elite business school.” a full-time student entering the MBA Program based on academic achievement Dean Bob Kennedy and who has demonstrated creative, innovative and “outside the box” thinking in past marketing roles.

2014 IVEY ANNUAL REPORT | 3 The plan sets out four over-arching priorities: Our Knowledge Advantage to Drive A Message from Innovation and Prosperity 1) Create a world-class research and aims to attract the President scholarship culture; more international students and researchers to Canada while deepening the research 2) Provide Canada’s best education for links between Canadian and foreign tomorrow’s global leaders; Amit Chakma educational institutions. 3) Engage alumni, community, institutional President & Vice-Chancellor, Backed by $5 million in annual funding and Western University and international partners; and, $13 million over two years for the Mitacs 4) Generate and invest new resources in Globalink program that facilitates student support of excellence. mobility between Canada and Brazil, China, Historians may some day look back on Anchored by 14 key performance indicators India, Mexico, Turkey and Vietnam, the 2014 as the year Western set the stage for against which our progress will be measured, strategy also envisions a Pan-Canadian realizing its full potential as one of Canada’s the plan challenges Western’s campus partnership with provinces and territories as truly global universities. community to think beyond being “Canada’s well as key education stakeholders. Those same historians may also see 2014 best student experience” to achieving global Among the government’s goals is a push as the year our federal government began impact through excellence in teaching and to double the number of international to recognize international education for research. students coming to Canada by 2022 without its true potential as a key driver in the Coincidentally, two weeks prior to the Board’s displacing Canadian students. By attracting Canadian economy. approval of Western’s new plan, the federal more than 450,000 international students On January 30, 2014, after 18 months of government released a new international and researchers, federal officials project that consultation with faculty, staff, students, education strategy of its own — delivering a annual spending by international students alumni and community stakeholders, our clear message that it is prepared to support would rise to $16 billion and 86,500 net new Board of Governors approved a new strategic Canada’s post-secondary institutions in jobs would be created to support this vital plan, Achieving Excellence on the Global making a play for the world’s best and component of Canada’s post-secondary Stage, that imagines Western as a brightest students and researchers. education sector. And combined with its “destination of choice for the world’s brightest $1.5-billion commitment to establish the Unveiled on January 15, 2014, Canada’s minds seeking the best learning experience Canada First Research Excellence Fund, the International Education Strategy: Harnessing at a leading Canadian research university.” government is signalling that the brightest

4 | 2014 IVEY ANNUAL REPORT minds we attract to our universities will be more strongly supported to compete on the Research Highlights global stage. Western University At Western, international enrollment during Research Parks named among The Imaging Pathogens for Knowledge the past five years has jumped from less world’s best Translation (ImPaKT) Facility at the than three per cent of our undergraduate Schulich School of Medicine & Dentistry student body to more than 10 per cent, and Western’s Research Parks were ranked No. 22 in the world by Swedish research will be the only one of its kind in Canada we plan to raise that percentage to 15. company UBI Index in its Global Top and will combine sophisticated imaging technology with a world-class bio-­ But international education entails much 25 University Business Incubators 2014, announced June 26, comparing well containment facility. Enabling real-time more than recruiting students to our non-invasive assessments of interactions campus from abroad. against UBI’s global benchmark on post-incubation performance indicators. between the pathogen and its host, It’s also about creating more opportunities ImPaKT will facilitate the development The survey highlighted that clients of of new diagnostic and therapeutic and support for domestic students to Western Research Parks generate positive approaches for the treatment of participate in study-abroad programs and economic impact for the region and that infectious diseases. other international learning experiences. clients a have higher survival and growth Slated for completion in the fall of 2015, It’s about providing more opportunities rates than the global average. ImPaKT will attract world-class scientists and support for students, faculty and UBI assessed 800 business incubators, to London in the fields of Microbiology staff to enhance their international and accepted 400 into the program, and and Immunology, Pathology, Public cross-cultural learning here on campus. finally benchmarked more than 300 Health and Clinical Infectious Diseases. It’s about fostering international teaching university-affiliated business incubators and research partnerships that enable in 67 countries. Canadian Arrhythmia Network to be hosted at Western faculty and students to collaborate with Musculoskeletal Health recognized colleagues at other institutions. And it’s as Cluster of Research Excellence On December 15, the federal government about cultivating a culture that embraces announced $26.3 million to establish the On November 6, Musculoskeletal Health Canadian Arrhythmia Network (CANet) and celebrates the diversity of all members was named Western’s second “Cluster of as a Networks of Centres of Excellence of our campus community, from all corners Research Excellence” to be supported by (NCE) hosted at Western’s Schulich of the globe. a $5-million funding commitment from School of Medicine & Dentistry. the university over five years. To learn more about Western’s international The announcement positions Western aspirations and activities, I invite you to visit The cluster brings together more than 70 and London as the national centre for us online at: researchers from across five faculties – research into the effective diagnosis and Engineering, Health Sciences, Medicine treatment of heart rhythm disturbances, • Achieving Excellence on the Global & Dentistry, Science and Social Science also known as arrhythmias, such as Stage: http://president.uwo.ca/strategic_ – in addition to researchers at the syncope, atrial fibrillation and sudden planning/index.html Lawson Health Research Institute, cardiac death – accounting for 40,000 London Health Sciences Centre, St. Joseph’s deaths in Canada each year, and is • International Strategy 2014 – 2019: Health Care and Ivey International projected to be the number-one cause http://international.uwo.ca/staff/ Centre for Health Innovation. of mortality and morbidity in the world international_strategy.html The funding commitment will help by 2020. position Western at the forefront of CANet will engage more than 100 research affecting bones and joints, clinicians, researchers, engineers, including arthritis, osteoporosis and patients, industry and government trauma, as well as work-, sport- and partners from across the country. exercise-related injuries. In April 2013, Western named Cognitive Neuroscience as the first research cluster, “International building on established strengths at the education entails University’s Brain & Mind Institute. much more than New facility planned for HIV/AIDS recruiting students research Commemorating World AIDS Day, to our campus plans unveiled December 1 for a 4,200-square-foot facility promises to from abroad.” position Western researchers on the President & Vice-Chancellor leading edge of medicine, science and Amit Chakma technology in the study of HIV and other complex human pathogens.

2014 IVEY ANNUAL REPORT | 5 PROGRAMS AT A GLANCE HBA MSc 92 47 PER CENT RECEIVED ACADEMIC DISCIPLINES FULL-TIME JOB OFFERS REPRESENTED (three months post graduation)

29CLASS SIZE 58PER CENT BORN OUTSIDE OF CANADA 610 83.3 CLASS SIZE PER CENT ADMISSION AV E R AG E

Class Diversity 14 33 33 64 36 EXCHANGE STUDENTS WELCOMED Countries of Birth Languages Per cent Per cent 46 citizenship countries Male Female

Diversity – Gender

Birth Country 17% Asia-Pacific

3% Europe 48% 52% 6% Female Male Other

74% North America

Job Offers by Industry

 Financial Services (31%) PER CENT10 OF STUDENTS 0 EXPERIENCED  Consulting (18%) 10-WEEK PRACTICUM OUTSIDE OF CANADA  Accounting (12%)  Technology/Telecommunications (10%)  Consumer Packaged Goods (6%)  Wholesale/Retail (5%) Class Diversity  Legal Services (4%)  Other (14%) 8 10 16 Countries of Birth Languages citizenship countries

6 | 2014 IVEY ANNUAL REPORT MBA PhD 40 PER CENT WITH INTERNATIONAL WORK EXPERIENCE

92PER CENT RECEIVED FULL-TIME JOB OFFERS (three months post 4.7 graduation) AVERAGE YEARS OF WORK EXPERIENCE 59NUMBER OF CURRENT PhD STUDENTS (as of December 2014) Class Diversity

13 22 27 68 32 Diversity – Countries of Birth Languages Per cent Per cent citizenship countries Male Female International

66% Domestic

8ONTARIO GRADUATE SCHOLARSHIPS (OGS)

34% International PER94 CENT OF IVEY GRADUATES MADE AT LEAST ONE CAREER TRANSITION – INDUSTRY, FUNCTION SOCIAL3 SCIENCE OR GEOGRAPHY Diversity – Gender AND HUMANITIES DOCTORAL 41% FELLOWSHIPS Work Experience Female (SSHRC)

 Professional Services (21%)  Finance (19%)  IT/Telecom (12%)  Manufacturing (10%)  Energy/Resources (8%)  Government (5%)  Education (2%) 59%  Healthcare (2%) Male ONTARIO2 TRILLIUM  Other (21%) SCHOLARSHIPS (OTS)

2014 IVEY ANNUAL REPORT | 7 PROGRAMS AT A GLANCE EMBA Canada EMBA Hong Kong

10CLASS SIZE 8 498GRADUATES SINCE 2000

Diversity – Gender Geographic Base 19% Female , 2GRADUATES259 SINCE 1991 88PER CENT BASED IN HONG KONG 81% Participants by Title Male

28% Other 32% Sr. Manager/ Participants by Industry Manager

Banking/Finance/Insurance 40% Professional Service/Consulting 24% Industrial 12% Technology 12% 12PER CENT BASED Construction/Real Estate 4% OUTSIDE OF Public Sector 4% HONG KONG Transportation/Logistics 4%

19% VP/C-Suite/ Owner/President 21% Participants by Title Director

12% Diversity – Gender 36% Other General Manager/ Director 38% Female

33PER CENT BORN OUTSIDE 20% Owner/ OF CANADA President/VP 62% 32% Male Manager

8 | 2014 IVEY ANNUAL REPORT Executive Education Alumni

Degree Breakdown 45% MBA 2% Other (Includes MSc)

1% PhD

ORGANIZATIONS PARTICIPATING IN 11% 634 EMBA EXECUTIVE EDUCATION PROGRAMS

Participants by Title 27% 41% General Manager/Director HBA

18% Manager 8,200+ ALUMNI SUPPORTED THE SCHOOL THROUGH FORMAL VOLUNTEER ROLES, SPEAKING IN THE CLASSROOM, 102 COUNTRIES 5% ATTENDING EVENTS, Other AND OTHER ACTIVITIES

23% Canada Ontario – Other 50% President/VP

8% B.C.

6% Alberta , 56% 101 6178 Ontario – GTA CUSTOM PROGRAMS CUSTOM PROGRAM 3% 4% PARTICIPANT DAYS Other Quebec

Participants International U.S. 27% by Industry 60% New York/ 55 Asia Tri-State Manufacturing 17% OPEN-ENROLLMENT Service 16% PROGRAMS Finance 15% Not for Profit 12% Public 9% Utilities 6% Retail 5% Transportation 5% Consulting 4% 28% Construction 4% , 49% 4237 9% Europe 18% Technology 4% OPEN-ENROLLMENT Other Other 3% 6% California Natural Resources 2% PARTICIPANT DAYS India Florida

2014 IVEY ANNUAL REPORT | 9 READY

Ivey is ready on so many levels.

We’ve created a high-quality experience for students across programs, and we continue to innovate, adapt and make it better. Throughout their time here, FOR Ivey students are groomed for leadership success, and we receive exceptional feedback from recruiters as proof. Find THIS out more here and at ivey.ca/ReadySetGo Our students know great careers start at Ivey. Our recruiters do too.

Getting the career of your dreams goes Bloomberg Businessweek MBA rankings, beyond having talent, education and Ivey topped the list of 27 international an impressive resumé. You also have to schools outside of the U.S. and ranked know how to take charge of your future. first overall in employer satisfaction. Ivey graduates are some of the most Our numbers speak for themselves. sought-after career candidates in One in two of our alumni hold senior business. Our Career Management management positions at some of the team gives them the winning edge. top companies in the world. We From Day One, our students are consistently launch great careers, supported in structuring their career because our students learn how to take with coaching and classes built right their experience to the next level. into the curriculum. The quality of the “Ivey Career Management prepares you program is measured not only by the for the competition. It builds the success of our graduates, who have unique brand values in each of us,” said some of the highest employment rates Tausif Huda, MBA ’14. and salaries in Canada, but also by our See what makes Career Management recruiter satisfaction. In the 2014 so effective:ivey.ca/ReadySetGo Ivey students enjoy some of the highest employment rates and salaries in Canada

10 | 2014 IVEY ANNUAL REPORT Who are these MSc students?

Since its launch in 2010, Ivey’s MSc has evolved into an internationally-recognized program. In 2012, Ivey’s MSc won School of the Year among its peers in the CEMS Global Alliance and more recently received top scores on program delivery. Ivey MSc students develop into true global cosmopolitans – comfortable and competent in an international business landscape. The Ivey Global Lab is a flagship experience in the MSc – a 10-week immersion into the business and environment of a developing economy. The experience tests the students’ learning in the real world. Preparation has begun to add two new streams to the Salesforce gives a single view of the journey from student to alumnus current International Business stream – Data Analytics and Entrepreneurship Seeking a single source of truth. and Innovation. As a business school focused on real-world leadership issues, Ivey’s external relationships are critical to its success. Adapting for As in many organizations, Ivey’s stakeholder information was held in multiple places and platforms. There was also little consistency in our business the future. performance metrics from one group to the next. In 2012, the vision of a common customer relationship management (CRM) solution that spanned Changing market dynamics have made the across programs and departments was championed by then Associate Dean, recruitment of students to our Masters Eric Morse. Ivey selected Salesforce as its new CRM, and its implementation programs increasingly competitive. is widely regarded in Salesforce’s higher education practice as an exceptional The range of Masters-level offerings is and evolving customer success story. The project is co-led by Stephanie increasing as the market fragments into Brooks, HBA ‘93, Executive Director of Marketing and Communications, and smaller, more distinct segments. As a result, John Leidl, MBA ’02, Chief Technology Officer. some schools have eliminated entire Using Salesforce, Ivey plans to build a single view of the journey from MBA sections and added pre-experience prospective student to alumnus. Masters programs. “Going forward, it is hard to envision a scenario where this will change significantly,” said Mark Vandenbosch, Ivey’s Associate Dean, Programs. Ivey made a bold strategic move this year to centralize Masters program recruiting and READY admission in response to this market change. In August, Ivey welcomed back J.D. Clarke to “The expansion of our HBA Program the new role of Executive Director, Masters has been a huge success. Our HBA Programs Recruiting and Admissions. An Ivey EMBA alumnus, Clarke spent six years at the students enjoy the highest placements School in roles in the EMBA program and rates and the highest average Executive Education. salaries of any undergraduate This customer-centric approach allows Ivey to coach prospective students into the right business program in Canada.” Ivey Masters program, creates service Dean Bob Kennedy efficiencies for the School, and allows the School to adapt quickly to market changes.

2014 IVEY ANNUAL REPORT | 11 We have a renewed focus.

Ivey faculty tackle some of the toughest challenges that face business – the importance of leader character, the future of Canadian manufacturing, the important conversations about Canada’s energy sector. And we’re ramping up our thought leadership with a renewed focus and support for research. Find out more here and at ivey.ca/ReadySetGo GETSET What they don’t teach at business school. Until now.

Competency has a stranglehold on the study and practice of leadership. For example, we typically focus on what leaders do and how they do it. What is often missing in discussions and assessments of leadership is the character of the leader. Researchers at Ivey are revealing the true measure of a leader, one which includes the right combination of character, competency and commitment. “We’re changing the nature of the conversation to elevate character to the same level of importance as competency,” said Professor Mary Crossan. “In doing so, we have leveraged a substantial legacy of philosophy and Frank Mastrandrea, HBA ’82, helps HBA students psychology to articulate the dimensions of leader character.” see the challenges of leader character The paper argues for an increased attention to leadership character The leader character work has its origins in the Leadership on Trial development in business education and provides concrete suggestions research that documented the shortcomings of leaders during the on how to integrate it into business programs. It positions leader 2008 financial crisis. It is being developed – and validated – together character as central to great judgment and decision making in with business leaders, including members of the Institute of organizations, and argues for its place alongside traditional business Corporate Directors, making the outcome relevant in the workplace competencies taught in business schools. and the classroom. It also outlines the ways that character can be taught and developed, A paper entitled “Developing Leadership Character in Business something that is demonstrated through courses and experiences Programs,” written by Crossan, Daina Mazutis (an Ivey PhD student both in the classroom and in the field. now at IMD), Gerard Seijts and Jeffrey Gandz, was awarded the prestigious Outstanding Article of the Year by the Academy of Discover more about Leader Character: ivey.ca/ReadySetGo Management Learning and Education Journal for 2013 in August.

12 | 2014 IVEY ANNUAL REPORT The secret to the future of manufacturing.

Many institutes across Canada write reports aimed at making the country better in one way or another. Most of their recommendations just sit on the shelf. The same can’t be said of Ivey’s Lawrence National Centre for Policy and Management and its plan to reverse the decline of manufacturing in Canada. The Future of Canadian Manufacturing: Learning from Leading Firms provides a roadmap for concrete action for business, government and educational institutes. The next phase will see Ivey and the Lawrence Centre working to implement the study’s recommendations. With funding assistance from the Government of Ontario, the Trillium Advanced Manufacturing Network will bring together business, educational institutions and governments to help more firms become successful in international markets by establishing business mentorships, promoting greater use of educational partnerships, and shaping and improving governments’ work on investment attraction. Lawrence Centre Director Paul Boothe looks at ways to solve the decline in Canadian manufacturing

Helping business out of the dangers of short-term thinking.

There’s a five-year-old in us that would still can create enormous harm, said Bansal. choose one marshmallow now rather than “Successfully addressing this tension is critical wait 15 minutes for two marshmallows. to meeting the needs of business and society. Business is guilty of doing the same. For example, organizations that adopt Quarterly reports, short-term incentives long-term executive compensation show an and customer expectations drive corporate immediate impact on stock prices, an impact strategy, trapping companies in a cycle in two years on profits, and are much more of short-term actions and decisions. But innovative and socially responsible.” research by Professor Tima Bansal, Director However, simply switching to a long-term of the Centre for Building Sustainable Value, view isn’t the answer. The solution, Bansal and Assistant Professor Caroline Flammer said, is the ability to think short and long term, shows that companies that offer long-term knowing when and how to shift between the incentives for their executives not only two. Understanding the tension between experience higher long-term profits, but also these two views is critical to meeting the innovate more and are more responsible than needs of business and society. their competitors. Learn more about the business balancing act: “Businesses that act to maximize value today, Professor Tima Bansal looks at the balancing act ivey.ca/ReadySetGo between short- and long-term planning with limited consideration for their future,

Powering discussion. Empowering the world. SET With its abundance of affordable and reliable energy, Canada has the potential to be a leader in the global “We’re changing the nature of the energy industry. The new Ivey Energy Consortium, conversation to elevate character a partnership between Ivey Energy Policy and Management Centre and five industry partners, to the same level of importance is generating powerful discussion and innovative as competency.” solutions for the challenges that face Canada’s Professor Mary Crossan, Ivey Alumni Association Toronto energy industry. Chapter Faculty Professor in Business Leadership Learn more about Ivey Energy Policy and Management Centre: ivey.ca/ReadySetGo

2014 IVEY ANNUAL REPORT | 13 The stage is set.

Ivey has an exceptional reputation for its global perspective and powerful alumni network. And with plans and strategies in place, we’re set to enhance that reputation – both in Canada and around the world. Find out more here GO and at ivey.ca/ReadySetGo FOR IT For Ivey, the world is now its entrepreneurial stage.

It was a coming of age. In June 2014, Ivey’s Pierre L. Morrissette Institute for Entrepreneurship took its place on the global stage when it hosted the 34th annual Babson College Entrepreneurship Research Conference – considered the premier event for academic research in entrepreneurship. The Babson Conference rotates annually among top business schools throughout Europe and North America, attracting more than 400 of the world’s leading academics, who share the latest research findings about entrepreneurship. “Hosting the Babson Conference was quite a boost in profile for Ivey,” said Simon Parker, Director, Entrepreneurship Cross-Enterprise Leadership Centre. “Just to be known as a school that can host an event of the size and scale of Babson is important. It puts us in a group of schools that are at a very high level.” Ivey can also make another claim in the entrepreneurship world. The Institute has six faculty members dedicated to research in entrepreneurship, making Ivey one of the largest groups in North America, if not the world, said Parker. “This has a huge benefit for Ivey. It is very attractive to researchers to join a school with a group of this size and scope. We have an extraordinary breadth of research covered, making Ivey a good place to send doctoral students for training. The size of the group gives us more impact, enabling us to make more presentations, write more articles and spread the word about our research.” Scholars, including Ivey PhD student Patrick Shulist, Learn more about the Babson Conference: ivey.ca/ReadySetGo discuss their entrepreneurial research

14 | 2014 IVEY ANNUAL REPORT The scholarship advantage: Opening doors to success.

Scholarships can make a huge difference in the career paths students take. Not only do they provide students with opportunities to advance their education that wouldn’t otherwise be possible, but they are a sign of faith in their abilities. That inspiration can take them far. Just ask David Zhang, HBA ’16, who was able to fulfill his dream of attending Ivey thanks to a $10,000 Birch Hill Equity Partners HBA Leaders Scholarship. For Niki Liu, MBA ’15, recipient of the Kathleen and William Scholarships are making a difference in the dreams of Niki Liu, MBA ’15, and David Zhang, HBA ’16 Troost MBA Leadership Scholarship, the support was also important. “It was wonderful to see the types of students who have been attracted “These incredible people have made me feel part of the Ivey family. It to Ivey, their calibre, enthusiasm, and abilities. I was very proud and has also reinforced in me the power of virtue, strength of character, honoured to be with them,” he said. “The scholarship is tied in with and the importance of using my skills to help others,” said Zhang. wanting to give back and particularly to encourage the best and Watching the students’ career paths unfold as a result of the scholarships, brightest students to come to Ivey.” is equally rewarding to the donors behind the initiatives. In 2007, the Scotiabank HBA Leaders Scholarship and Scotiabank Michael Kanovsky, MBA ’73, along with his wife, Donna Seaman MBA Leadership Award were developed out of the Bank’s longstanding Kanovsky, BSc ’74, Western, provide $30,000 to an Ivey MBA relationship with Ivey. “We see the Scotiabank Leadership Awards as a student residing in Western Canada each year through the Dr. key recruitment tool, enabling the School to attract the best students Samuel and Vera Kanovsky MBA Scholarship. In January 2013, in the world,” said Jacqueline Bukaluk, EMBA ’03, Vice-President, Michael was able to meet the current year’s recipient and some of Employee Engagement, Scotiabank. the past recipients at the inaugural Ivey Leaders Scholarship Dinner Read more about the donors and student scholarship recipients: in Toronto. It was a proud moment. ivey.ca/ReadySetGo

Global Ivey Day – Ivey in Asia: Coming of age. A tradition of excellence.

Created to connect and engage Ivey graduates, Every two years the Canada China Business Global Ivey Day reminds students and alumni Council recognizes organizations that have why Ivey stands out from the business school played a leading role in growing and expanding crowd. For the fifth annual Global Ivey Day, business relationships between Canada and 2,100 alumni in 34 cities around the world China. Ivey is proud to have won this award in came together to celebrate each other, their 2012 and now again in 2014. The School has education and the School. been at the forefront of building bridges Amanda Armstrong, HBA ’10, and Catch up on Global Ivey Day celebrations: between the two nations through education Ankur Bansal, HBA ’09, accept their Emerging Leaders Awards in Toronto ivey.ca/ReadySetGo and is a leader in executive education.

Ivey Asia: Setting the stage for a bright future. GO Professor Chris Chan, Associate Dean, Asia, is launching new executive education We have much more programs for corporate clients in the region to share with you at and beyond. Our expertise in China, combined with the Case Method of Learning and ivey.ca/ReadySetGo Ivey’s large number of Asian business cases, positions the School well for the future in this Professor Chris Chan, Associate Dean, Asia, is setting the competitive marketplace. stage for a bright future in Asia

2014 IVEY ANNUAL REPORT | 15 These meetings were passionate and We are now in the process of planning A Message from energizing as committed alumni came the next step in our fundraising strategy the Ivey Advisory together to find ways to make their programs and rebuilding our team. Looking ahead, better. How fortunate we are to be able to it will be critical that we build up the Board Chairman draw on the expertise of these visionary strength of our endowment fund to enable leaders to ensure our future success. us to face change in the marketplace without They have been exceptionally generous compromising on the quality of what we Pierre L. Morrissette, MBA ’72 with their time and commitment and have in place, to be innovative yet stable have stood behind Bob and the School as and to provide an ongoing resource for these strategies were developed. All of our strategic investment. At the same time, I was able to be part of the events of programs are able to draw on this valuable we will continue to support faculty in the 2014 in my role as chairman of the Ivey alumni resource to make them among the development of thought leadership Advisory Board. top programs in the country, if not the world. that has placed Ivey at the forefront of I saw the passion, energy and commitment The year held many successes. Our HBA real-world learning. of Ivey alumni, staff and faculty in support of Program is running at full steam, and is I’d like to thank Dean Kennedy for rallying Bob as we worked through the opportunities proving to be the premier undergraduate Ivey’s resources, and for helping set the that 2014 presented. I was impressed with business program in Canada, if not stage for our future success. With these how the Ivey community pulled together the world. Our MSc Program is growing, new strategies in place, and with the power to change and adapt, and how we have set and there are exciting advances taking of our alumni network worldwide, we are, the stage for future success. I was also place in the EMBA, PhD and Executive indeed, ready to go. impressed by Bob’s bold moves as he Education Programs. determined what needed to be done, and marshalled the resources to make it happen. Let me give you my perspective on how the year transpired. In April, we formed an MBA Task Force “With these new strategies in place, made up of Advisory Board members and and with the power of our alumni faculty and staff, to develop tactical and network worldwide, we are, indeed, strategic responses to make our MBA Program better. Throughout the year the ready to go.” Task Force met to explore ways to grow Ivey Advisory Board Chairman, Pierre L. Morrissette the program, and brainstorm innovative ideas to keep it at the forefront of Canadian business education.

16 | 2014 IVEY ANNUAL REPORT Investing in the Next Generation.

$22 3300

$20 3000

$18 2700

$16 2400 )

$14 2100 S

$12 1800 DONOR (in millions TS $10 1500 CEIP

$8 1200 SH RE NUMBERS OF

CA $6 900

$4 600

$2 300 NUMBER OF DONORS $– 0 1 0 2 14 2013 20 –201 – –

2011 2009–201 2010–201 2012 2013 CASH RECEIPTS

Designation 2014 Receipts ($) Source 2014 Receipts ($) Infrastructure 4,617,958 Alumni 8,863,775 Centres of Excellence 3,276,182 Corporations 5,970,631 Student Support 3,141,656 Foundations 441,086 Highest Priorities 2,982,680 Friends 299,536 Faculty & Research 1,567,057 Others 10,505 TOTAL $15,585,533 TOTAL $15,585,533

Centres of Excellence Corporations

Infrastructure 21% 38% 30% Faculty & Research Foundations Alumni 10% 3% Highest 57% Friends Priorities Student Support 2% 19% 20%

2014 IVEY ANNUAL REPORT | 17 Boards & Councils Ivey is fortunate to have the support and counsel of exceptional business leaders. We are proud to list the 2014 members of our many boards and appreciate their passion and commitment, which help propel the School forward.

Ivey Advisory Board Doug Guzman HBA ’88 Christine Magee HBA ’82 EMERITUS MEMBERS Simon Cua EMBA ’05 Jeffrey Brown* HBA ’00 Chief Financial Officer Head of Global Investment President John Armstrong Managing Director CHAIR Banking RBC Capital Markets Sleep Country Canada Light Engine Limited Porter Airlines Inc. Pierre Morrissette Ralph Barford President Jon Hantho MBA ’89 Michael McCain HBA ’79 John Irwin CFO/CIO/ Michel Bruyere* MBA ’93 MBA ’72 Chairman, President & CEO President & CEO Valleydene Corp Limited Director of Facilities Chief Executive Officer President & CEO Maple Leaf Maxxam Analytics Foods Incorporated Tom Brent HBA ’59 Vice President of the Ivey Neotelis Pelmorex Media Inc Chairman Laura Hantho MBA ’89 Steve McDonald MBA ’83 Medihold Limited Group of Companies Matthew Busbridge Don Archibald MBA ’85 Advisor Retired Co-CEO & Group Bob Brouillard MBA ’66 Ivey Business School MBA ’09 Executive Director Chairman MaRS Cequence Head - Global Corporate John Kao HBA ’76 Director Digital Product Marketing Energy Ltd Linda Hasenfratz Geno Francolini HBA ’54 EMBA ’97 CEO & Investment Banking President & CEO WorldVest Holdings Ltd McGraw-Hill Education Paul Atkinson HBA ’86 Scotia Capital Inc Xenon Capital Corp Robert Kennedy Dean Alastair Caddick HBA ’95 Managing Director Linamar Corporation Sarah Morgenstern Ivey Business School Vice President Strategic Southwest Sun Inc Michael Hill HBA ’89 Barbara Fraser HBA ’71 Managing Director, Head MBA ’93 Strategic Advisor Leonie Ki Executive Director Programs CHC Helicopter Nora Aufreiter HBA ’81 Kenneth Harrigan HBA ’51 of Corporate Finance, Ideon Media New World Development Rory Capern* HBA ’00, Director Emeritus McKinsey President K W Harrigan Americas & Global Head Michael Needham MBA ’68 Co Ltd MBA ’04 Strategic & Company Consultants of Natural Resources Chairman & CEO SimEX! Daniel Lam EMBA ’00 Partnership Lead Google Brett Barakett HBA ’88 Richard M Ivey HBA ’47 Nomura Securities Iwerks Managing Partner Hampton Julie Cassidy HBA ’05 Chairman & CEO Tremblant President Investments Ltd Paul Hill MBA ’69 Kevin O’Brien HBA ’93 Securities (Asia) Ltd Senior Manager – Business Capital LLC Gilles Lamoureux MBA ’66 Chairman, President & CEO Chief Business Development Patrick Lam Executive Strategy & Solutions Scott Beattie HBA ’81, Harvard Developments Inc OfficerCanada Aimia Bob Luba MBA ’67 President Director TD Bank Group MBA ‘86 Chairman, President NWS Holdings Ltd Tim Hockey EMBA ’97 Kevin O’Leary MBA ’80 Luba Financial Incorporated Nondini Chakrabarti & CEO Elizabeth Arden Inc Eddie Law HBA ’91 President & CEO Chairman O’Leary Funds Chris Matthews MBA ’72 Chief Executive Officer MBA ’13 Associate Laurie Campbell MBA ’89 TD Canada Trust Company Jeffrey Orr HBA ’81 Chairman Hay Group RBC Wealth Management Managing Director Merrill Zheng He Financial Holdings Tim Hodgson MBA ’88 President & CEO Sonia Chandarana Lynch Debt Capital Markets Don McDougall MBA ’61 Limited Managing Partner Alignvest Power Financial Corporation President & CEO EMBA ’13 Bank of America Merrill Lynch Rambri Dr Simon Leung Management Corporation Anthony Ostler MBA ’97 Management Incorporated Chief Executive Officer Amy Childs HBA ’09 Dr Amit Chakma Jim Hunter MBA ’76 Senior VP Global Head of MBA ’15 Candidate President & Vice-Chancellor Grant Reuber Harrow International Chairman & CEO Global Investor Relations Management Services Ivey Business School Western University Dick Sharpe HBA ’50 NexGen Financial State Street Corporation Dipak Rastogi* MBA ’82 Christopher Emery Ron Charles* MBA ’71 Ian Ihnatowycz MBA ’82 Gilles Ouellette HBA ’69, Bill Shurniak Private Equity Investor EMBA ’04 Director – Managing Partner Chairman & President Citi President and CEO MBA ’70 Group Head - Venture Capital International Business Development The Caldwell Partners First Generation Capital Inc Wealth Management Shurniak Art Gallery Cisco Systems International Inc Kishore Sakhrani MBA ’83 Richard W Ivey HBA ’72 BMO Nesbitt Burns Doug Speers MBA ’70 Dr Nicole Haggerty Dr Henry Cheng HBA ’71, Mark Shuper HBA ’92 Chairman & CEO Bryan Pearce HBA ’81 Allan Taylor HBA ’89, PhD ’04 Associate MBA ’72 Chairman Co-Founder and Chief Ivest Corporation Global Leader, EY RBC Financial Group Professor Ivey Business New World Development Executive Officer Entrepreneur of the Year School Co Ltd Don Johnson MBA ’63 William Wilder President The Sprouts Foundation Member-Advisory Board & Venture Capital Ernst Billy Hennessey HBA ’06 Andy Chisholm MBA ’85 W P Wilder Rick Siemens Chairman & Young President Senior Strategy Officer BMO Capital Markets E-Kong Group Ltd Oxford Beach and Pierre Pomerleau MBA ’89 RoyalPak Goldman Sachs & Co Michael Kanovsky MBA ’73 Sunil Talwar MBA ’12 President President & CEO Asian Advisory Robie Hockenstein Sylvia Chrominska Sky Energy Director – ICT Operations Corporation Pomerleau Inc Board MBA ’03 Chief Financial HBA ’75 Chair Scotiabank Chinese International School Bruce Reid MBA ’64 OfficerTungsten Revenue Trinidad and Tobago Ltd. David Kassie MBA ’79 CHAIR Dr Henry Wang Director Merchant Chairman & CEO Larry Rosen LLB/MBA ’82 Amanda Hsueh* HBA ’06 & Scotia Trust & Canaccord Dr Henry Cheng HBA ’71, General The Center for China Bank Chair Chairman & CEO Associate Marketing Scotia Group Genuity Group Inc MBA ’72 Chairman New & Globalization Jamaica Ltd Robert Kennedy Dean Harry Rosen Inc World Development Co Ltd Director General Mills Dr Allan Zeman Chairman Canada Inc. Connie Clerici Ivey Business School Paul Sabourin MBA ’80 Dr Derek Anthony Lan Kwai Fong Holdings Ltd Eric Jensen MBA ’89 President & CEO Closing Arkadi Kuhlmann Chairman & Chief Managing Director The Music President & Founder the Gap Healthcare Group HBA ’71 MBA ’72 Chairman Investment Officer & Drama Institute Ltd Polar Securities Inc Holdsworth Advisory Services Lisa Colnett HBA ’81 & CEO ZenBanx Dr Paul Beamish HBA Ivey Alumni Joe Shlesinger MBA ’86 Darren Johnston MBA ’99 Director Parkland Fuel Louis Lagassé MBA ’73 ’76, PhD ’85 Professor & Network Board of & Director, Managing Director Chief Operating Officer Corporation Chairman & CEO Executive Director Asian Directors Detour Gold Corporation Groupe Lagassé Callisto Capital LP Management Institute Quest Partners LLC Ivey Business School Dean Connor HBA ’78 Tom Lindsay MBA ’81 Chris Tambakis HBA ’86 CHAIR Peter Kalen HBA ’95, CEO North America President & CEO President & COO Andy Chan EMBA ’08 Anthony Ostler MBA ’97 MBA ’01 Founder & CEO Senior Vice President Sun Life Financial Belkorp Industries Inc Adgar Investments & Chief Financial Officer Wellspring Financial Development Inc Kingdom Holdings Limited Global Head, Global Edwin Lee MBA ’04 George Cope HBA ’84 Stephen Lister MBA ’85 Marty Thrasher HBA ’73 Investor Relations Vice President – Strategy President & CEO BCE Inc Managing Partner Chris Chan Associate Dean President State Street Corporation & Bell Canada Imperial Capital Group FMT Consulting (Asia) Ivey Business School Klick Health VICE-CHAIR David Cornhill MBA ’80 Jon Love HBA ’76 Don Triggs MBA ’68 Dr John Cheh Michael Liu HBA ’14 Co-Proprietor & Principal Michael Bernstein MBA ’96 Chairman & CEO AltaGas Ltd Managing Partner Vice Chairman and Chief Investment Banking Analyst President & Chief – Mergers & Acquisitions Jill Denham HBA ’83 Culmina Family Estate Winery Executive Officer KingSett Capital Inc Executive Officer Prem Watsa MBA ’74 Esquel Group Capstone Moelis & Company Corporate Director Terry Lyons MBA ’74 Lead Chairman & CEO Infrastructure Corporation Peter Lowas MBA ’10 Morneau Shepell Director Canaccord Fairfax Adrian Cheng Genuity Cristina Bardorf HBA ’10 Associate Corporate Credit Darin Deschamps HBA ’87 Chairman Financial Holdings Limited Executive Director & Joint Group Inc & Territory Manager – Investment Banking Head of Investment Banking Sprott Resource Group Mark Whitmore MBA ’91 General Manager New World Development Co Ltd SAB Miller TD Securities Inc. & Capital Markets Canada Hugh MacDiarmid HBA ’74 Managing Partner Deloitte Natalie Bisset MBA ’06 Raveena Maheshwari Wells Fargo Securities Canada Chairman of the Board & Touche LLP Robert Cook MBA ’07 Senior Manager Cynthia Devine HBA ’87 Terrestrial Energy Inc Michael Wilson HBA ’90 Senior Executive Vice Colin Bogar HBA ’05, President and General MBA ’08 Managing Director Strategic Initiatives/CRM & Chief Financial Officer RioCan Tim MacDonald HBA ’81, President & Chief Manager − Asia Manulife Information Management Real Estate Investment Trust MBA ’88 Limited Partner Investment Officer MGI Pacific Financial Corporation RBC Financial Group Kirsten Feldman MBA ’84 Transaction Advisory Services 1251 Capital Group Inc Andrew Wiswell MBA ’80 Anthony Mar* MBA ’94 John Francis HBA ’86 Ernst & Young Chief Executive Officer & President & CEO Managing Director President Imagine Enterprises Ltd Cliniconex Inc Fraser Kearney Capital Corp

18 | 2014 IVEY ANNUAL REPORT Jordan Martens HBA ’04 Entrepreneurship Stephen Suske MBA ’77 Lawrence Centre Jeffrey Gandz Director – Leasing & Asset Advisory Council President & Chief Executive Advisory Council Professor Emeritus Management PBA Land OfficerSuske Capital Inc Ivey Business School Development CHAIR Michael White MBA ’00 CHAIR Roland Horst LLB/MBA ’83 Hugh McMullan* EMBA ’09 David Wright HBA ’83 President IBK Capital Corp George Baran EMBA ’02 Former CEO and Director Wealth Advisor & Associate President Agora Consulting Vice Chairman C-Bay Minerals Inc Partners Inc Portfolio Manager Trudell Medical Ltd Ian Ihnatowycz MBA ’82 BMO Nesbitt Burns International Ian Aitken HBA ’87 Jalynn Bennett President President and Managing Partner Mike Myre EMBA ’09 Centre for Health Jalynn H. Bennett Associates, Chief Executive Officer Owner Myre Insurance Ltd Pembroke Management Ltd Innovation Advisory Ltd First Generation Capital Inc. Michael Quinn MBA ’02 Bruce Barker Partner Council Donald Campbell Robert Kennedy Dean Bennett Jones LLP Stanley Rodos HBA ’07 Senior Strategy Advisor Ivey Business School CHAIR President Andrew Barnicke HBA ’83 Davis LLP Stephen Mader Stonetile WOOD Neil Fraser MBA ’83 President Abbey Road Vice Chairman and Ian Rosen HBA ’11 President and Regional Thomas d’Aquino Ventures Inc Managing Partner, MBA Candidate Vice President Chairman and Medtronic of Board Services Practice Kellogg School of Management Michael Boyd MBA ’76 Canada Ltd Chief Executive Officer Independent Director Intercounsel Ltd Korn/Ferry International Parag Saigaonkar MBA ’94 George Attar Senior Vice Reliant Gold Amos Michelson Chairman US Management Principal President, Chief Technology Giles Gherson* Deputy Deloitte Consulting India Pvt Martin Catellier MBA ’94 and Information Officer Minister Ontario Ministry of Kardium Inc Ltd Deloitte & Touche LLP Independent Management McKesson Canada Consumer Services Jeffrey Orr HBA ’81 Consultant President and Chief Vania Sakelaris EMBA ’12 Victor Garcia Senior Fellow Blake Goldring Chairman Executive Officer Senior Director Connie Clerici President Bell Canada & Chief Executive Officer Health System Integration and Chief Executive Officer AGF Management Ltd Power Financial Corporation Dr Raphael Hofstein Design & Development Closing the Gap Healthcare Michael Rolland HBA ’79 President and Chief Carolyn Lawrence Group President and Chief Toronto Central Local Health Executive Officer President and Chief Integration Network Executive Officer Ron Close HBA ’81 MaRS Innovation Executive Officer Sarah Shu EMBA ’09 Women of Influence Inc Borealis Infrastructure Bob Dhillon EMBA ’98 Robert Kennedy Dean Portfolio & Program Gerard Seijts Professor – Founder, President & CEO Ivey Business School The Hon Anne McLellan Manager MTS Allstream Investor Relations Counsel Bennett Jones LLP Organizational Behaviour Paul Kirkconnell MBA ’83 Mark Shuper HBA ’92 Mainstreet Equity Corp & Executive Director Managing Director Stephen Orsini Head of Ian O Ihnatowycz Institute Co-Founder The Sprouts Stephen Gunn MBA ’81 The Kirchner Group the Ontario Public Service for Leadership Foundation Chairman & Chief Executive Ontario Government Paul Lepage President Ivey Business School Ash Singh HBA ’04 OfficerSleep Country Canada Stephen Poloz Governor Bill Troost MBA ’75 Chief Executive Officer TELUS Health and Financial Pamela Jeffery HBA ’84, Bank of Canada President & Founder & Managing Director Solutions MBA ’88 President The Hon Jim Prentice* Peel Plastics Limited Interactive SG Jeffery Group Ltd Terrence McCool Former Vice President Corporate Premier Alberta Government Sunil Talwar* EMBA ’12 Mac Van Wielingen HBA ’75 Melinda Lehman MBA ’94 Affairs Founder & Director Director – ICT Operations Eli Lilly Canada Inc Carol Stephenson ARC Managing Director Former Dean Financial Corporation Chinese International School Happen Inc Dr Brent Norton MBA ’89 President and Chief Ivey Business School Kamana Tripathi* MBA ’07 Catherine Zahn President Pierre Morrissette MBA ’72 Executive Officer Real Tanguay Chairman and Chief Executive Officer Vice President & Director – Chairman, Founder, President Strategy & Change MedCurrent Inc. Toyota Canada Inc Centre for Addiction & Mental and Chief Executive Officer Health Management Pelmorex Media Inc. Sue Paish Chief Executive TD Securities Inc. OfficerLifeLabs Inc. Eric Morse Professor, Leadership Council Michael Wang HBA ’12 Entrepreneurship Lisa Purdy Partner, National Pricing Associate Ivey Business School Health Industry Leader CHAIR Uber Technologies, Inc. Deloitte & Touche LLP Barbara Stymiest HBA ’78 Alexa Nick MBA ’95 Director/Chair Dustin Wen MBA ’05 Managing Director Graham Scott President Blackberry Managing Partner BottomLine Group & Graham Scott Strategies Inc Bill Aziz HBA ’79 President Capital First Partners myPractice Catherine Seguin EMBA ’97 BlueTree Advisors II Inc Gary West HBA ’68 Kelsey Ramsden MBA ’04 Vice President, International Scott Beattie* HBA ’81, Affairs Mark Whitmore MBA ’91 Owner President SparkPlay Hospital for Sick MBA ’86 Chairman, Managing Partner – Toronto Belvedere Place Development Children President & CEO Deloitte & Touche LLP Larry Rosen LLB/MBA ’82 Shirlee Sharkey President Elizabeth Arden Inc and Chief Executive Officer Chet Choon Woon* Chairman & Chief Executive John Boynton HBA ’86 MBA ’94 Business OfficerHarry Rosen Inc Saint Elizabeth Health Care Chief Marketing Officer, Canada Development John Rothschild MBA ’73 Dr Michael Strong Dean Aimia Inc GroomTalent.com Senior Vice President & Schulich School of Medicine Janice Charette and Dentistry Caleb Yong MBA ’11 Vice Chair, Restaurant Clerk & Secretary to the Relationship Manager – Development Western University Cabinet Privy Council Commercial Banking Cara Operations Limited Dr Paul Walker President Antoni Cimolino TD Bank Group Paul Sabourin MBA ’80 and Chief Executive Officer Artistic Director Britt Zaffir HBA ’10 Chairman & Chief Spectral Diagnostics Inc Stratford Festival of Canada MBA Candidate Investment Officer Peter Devlin President Harvard Business School Polar Securities Inc Fanshawe College Dale Zhang* HBA ’10 David Simpson MBA ’88 Ana Dominguez* President Senior Analyst Executive Director Pierre L. Campbell Company of Canada AOF Management Morrissette Institute for Entrepreneurship Ivey Business School

*Indicates members who stepped down during 2014

2014 IVEY ANNUAL REPORT | 19 Lifetime Giving Recognizing Ivey’s most generous supporters who have given the School $25,000 or more cumulatively. This list reflects lifetime giving to Ivey as of December 31, 2014.

$10,000,000+ Donald K Jackson Family Citigroup Inc & Citibank Anonymous General Motors of Canada Mihealth Global Systems Foundation Canada Anonymous Limited Inc Dr Henry Cheng, HBA ’71, Donald K Johnson, MBA ’63 Lisa Colnett, HBA ’81 Anonymous Gilead Sciences Canada Inc The Jean C Monty Family MBA ’72 KPMG Enterprise John R Currie, HBA ’60 Accenture Inc GlaxoSmithKline Inc Marti Morfitt, HBA ’79 & Richard M Ivey Family & Arkadi Kuhlmann, HBA ’71, George S Dembroski, Peter & Shelagh Godsoe Patrick Weber Ivey Foundation Wendy Adams, HBA ’82, MBA ’72 HBA ’56 MBA ’86 & Wade Robert Gorman, MBA ’77 Sarah Morgenstern MBA ’93 Albert & Temmy Latner Darin Deschamps, HBA ’87 Oosterman, MBA ’86 Denyse Chicoyne & Serge & Todd Hargarten, MBA ’93 $5,000,000 – Family Foundation & Lisa Deschamps, HBA ’87 Adobe Corporation Gouin, HBA ’65, MBA ’66 Nesbitt Family $9,999,999 MBA Association John Dobson Foundation A Ian Aitken, HBA ’87 Janet C Griffin, MBA ’88 & New World Development Michael McCain, HBA ’79 Eli Lilly Canada Inc John Akkerman, MBA ’87 Jock W MacDonald, MBA ’88 Co Ltd Anonymous Eugene & Lori Melnyk Export Development Gwen Anders, HBA ’47, Greg Guatto, HBA ’90 & Nordion Pierre L Morrissette, Paul Murray, HBA ’54 Canada MBA ’48 Tracy Guatto, HBA ’90, Alexandra & Robert Nourse, MBA ’72 Harry Rosen Inc Farm Credit Canada Angiotech Pharmaceuticals MBA ’95 MBA ’64 Tangerine (Larry Rosen, LLB/MBA ’82) Margaret & Jim Fleck, Inc Edward J Gudaitis, MBA ’93 Pelmorex Media Inc StarTech.com Ltd HBA ’53 Nora Aufreiter, HBA ’81 & HBA Association Petro-Canada Inc Ford Motor Company of Lawrence Pentland, HBA ’81 Hewlett-Packard Ltd Michael & Margot Phair/ $2,000,000 – Suncor Energy Foundation Supply Chain Management Canada Limited Thomas H Bailey, MBA ’62 Michael B Hill, HBA ’89 Phair Family Foundation $4,999,999 Association Foundation Western & Marsha & Aubrey Baillie, Timothy Hodgson, MBA ’88 Phoenix Interactive Design Alumni Western Inc Anonymous Melinda & John Thompson HBA ’67 & Linda Netten George Weston Limited Picchio International Anonymous Donald L Triggs, MBA ’68 Bain & Company Canada Verna & Tom Howard, E Nicholas Gudewill, Inc MBA ’72 Pierre Pomerleau, MBA ’89 The Ralph M Barford MBA ’74 Foundation Brett E B Barakett, HBA ’88 Jim Hunter, MBA ’76 & PreMD Inc Geoffrey Gudewill, MBA ’83 Heather Hunter, MBA ’76 BMO Financial Group $500,000 – Thomas K Barber, MBA ’79 C James Prieur, MBA ’75 Peter B Gudewill, HBA ’73 IBK Capital Corp Canadian Tire Corporation $999,999 Bayer Inc Procter & Gamble Inc Sam Gudewill, HBA ’77 Dr Francesco Bellini IBM Canada Ltd Purchase Family Limited John Adamson, MBA ’72 CIBC Debra and Brian Heald, Biogen Idec Canada Institute for Health System QuantumShift Fellows AltaGas Ltd MBA ’85 Transformation and Corus Entertainment Birch Hill Equity Partners William J Quinn, HBA ’81 J Armand Bombardier HongKong Pei Hua Sustainability Betty & The Late Bruce Zaheeda & Nav Rahemtulla, Great-West Life, London Life Foundation Education Foundation J D Irving Limited & Canada Life Birmingham HBA ’98 Canadian Pacific Ltd HSBC Bank Canada William J Jandrisits, HBA ’83, Carol & Paul Hill, MBA ’69 Blackburn Family Dipak Rastogi, MBA ’82 G Mark Curry, MBA ’69 Daniel Lam, EMBA ’00 MBA ’90 Ian Ihnatowycz, MBA ’82 & Boston Consulting Group of Rob Richards, MBA ’70 Deloitte Pierre Lapointe, MBA ’83 Jarislowsky Foundation Marta Witer Canada Ltd Hartley & Heather Goldman Sachs Gives Kao Ying Lun, John, HBA ’76 Ivey Alumni Association S W Eddie Law, HBA ’91 David Braley Richardson Lana & Tim Hockey, Roland T Keiper, HBA ’82 Toronto Chapter Stephen D Lister, MBA ’85 Tom Brent, HBA ’59 Rio Tinto Alcan Inc EMBA ’97 Joanne & Peter Kenny, The Late R Jack Lawrence, Marion & Donald Ronald Bresler, MBA ’83 Susan Vogt & Joel Michael M Kanovsky, McDougall, MBA ’61 MBA ’57 HBA ’56 Brenda & Bob Brooks, Robinson, HBA ’70 MBA ’73 Edward Kernaghan, HBA ’65 Jon Love, HBA ’76 & Nancy Medtronic of Canada Ltd MBA ’68 Michael Rolland, HBA ’79 Laura Hantho, MBA ’89 & Yeomans Love, HBA ’76 National Bank Financial Gerald L Knowlton, HBA ’54 Jon Hantho, MBA ’89 Burgundy Asset John A Rothschild, MBA ’73 Dr Paul R MacPherson, Markets Management Ltd Louis Lagasse, MBA ’73 David Kassie, MBA ’79 & Randy BM Royer, HBA ’77 MBA ’63 Michael Needham, MBA ’68 Nicole & Gilles Lamoureux, Susan Harris, MBA ’82 Christopher M Burley, S C Johnson & Son Inc Power Financial Corporation Kevin O’Leary, MBA ’80 MBA ’87 MBA ’66 Donald Lang, HBA ’80 Kishore K Sakhrani, MBA ’83 RBC Financial Group OMERS Worldwide Alice & Grant Burton, Landmark Communications Heather & Fraser Latta, John H Simpson, HBA ’76 C John Schumacher, Jeffrey Orr, HBA ’81 & MBA ’68 Foundation HBA ’76 Paul B Spafford, MBA ’76 MBA ’84 Suzanne Legge Stewart C Burton, HBA ’81 Dr Michiel R Leenders, Lee Foundation Douglas Speers, MBA ’70 Scotiabank Gilles G G Ouellette, Audrey & Donald Campbell MBA ’59 MacLean Hunter Ltd Carol Stephenson, O.C. TD Bank Group HBA ’69, MBA ’70 Foundation Betty-Anne Lindsay, MBA ’81 Nortel Networks Power Workers’ Union Canadian International & Tom Lindsay, MBA ’81 Barbara G Stymiest, HBA ’78 Kathleen & William Troost, Corporation MBA ’75 PricewaterhouseCoopers Development Agency Loblaw Companies Limited Stephen A Suske, MBA ’77 Bruce H Reid, MBA ’64 LLP Institute of Chartered Terry A Lyons, MBA ’74 Glenna & Richard Talbot, Paul Sabourin, MBA ’80 Richardson Foundation Accountants of Ontario Claudette C MacDonald & HBA ’86, MBA ’91 Shaw Communications Inc $1,000,000 – Roman Corporation Limited Ciba-Geigy Canada Donald J MacDonald Chris G Tambakis, HBA ’86 Joe Shlesinger, MBA ’86 & $1,999,999 Richard E Rooney, MBA ’81 Robert A R Clouston, Tim MacDonald, HBA ’81, Sergei Tchetvertnykh, Samara Walbohm MBA ’88 MBA ’94 & Olga Larry Shaw, HBA ’62 MBA ’72 Anonymous William Shurniak W Allan MacEwen, HBA ’76 Tchetvertnykh, MBA ’14 Spin Master Ltd Scott H Cooper, HBA ’82 Anonymous W Keith Smith, MBA ’60 Magna International Inc Michael G Tevlin, HBA ’81 The Staffen Family: Rob, George A Cope, HBA ’84 The Mitchell & Kathryn Maria Smith & Eric Tripp, TMX Group Sharon, Julia, Matt & Bea & Purdy Crawford Manulife Financial Baran Family Foundation / MBA ’83 Corporation Torys Trudell Medical Limited Chandra Carolyn M H Cross, HBA ’84 Maple Leaf Capital LLP Domenica & Doug Tough, Melissa & Scott Beattie, Susanne & Martin Thrasher, Simon Tin-Yin Cua, EMBA ’05 Maple Leaf Foods Inc MBA ’74 HBA ’81, MBA ’88 $250,000 – HBA ’73 The Cullen Family Chris R Matthews, MBA ’72 Serge Turko, MBA ’87 Bloomberg TransCanada PipeLines Richard J Currie $499,999 Limited Jack H Matthews, MBA ’83 George B Turnbull, HBA ’49 Bill & Anne Brock Family, Danby Products Mark Wellings, MBA ’96 Valeant Pharmaceuticals MBA ’63 Donald F Archibald, MBA ’85 Nelson M Davis Trust Fund The Honourable Margaret Michael A R Wilson, HBA ’90 McCain & The Late Wallace International Inc Andy Chisholm, MBA ’85 AstraZeneca Janet De Silva, EMBA ’94 McCain Mr & Mrs F Peter Brendan R Clouston, ATCO Ltd WC Wood Foundation Daniel A Devlin, HBA ’81 Steve McDonald, MBA ’83 von Muralt-Lo MBA ’79 Paul J Atkinson, HBA ’86 EllisDon Corporation Doug McGregor, HBA ’79, David J Walker, MBA ’58 David W Cornhill, MBA ’80 Robert V Brouillard, MBA ’66 $100,000 – ERA Foundation MBA ’82 Adam Waterous, HBA ’84 Ernst & Young LLP Laurie Campbell, MBA ’89 $249,999 Kirsten Feldman, MBA ’84 McKesson Canada W Garfield Weston John A K Francis, HBA ’86 Certified Management Dr & The Late Mrs Geno F McKinsey & Company Foundation William (Bill) H Fuller, Accountants of Ontario Anonymous Francolini, HBA ’54 Michelle & Patrick Meneley, Michael E Wexler, HBA ’93 MBA ’61 Alexander F L Chan, HBA ’78 Anonymous Barbara Fraser, HBA ’71 & MBA ’90 Libby & Charles Winograd, Richard & Jean Ivey Fund Sylvia D Chrominska, Anonymous Ian Fraser, HBA ’71 Merck Canada Inc MBA ’71 HBA ’75 Anonymous Mical Equities Limited Wiswell Family

20 | 2014 IVEY ANNUAL REPORT $50,000 – $99,999 Jean-Louis Fontaine, Peter Sharpe Janet Clark, HBA ’85 & James Kalman, MBA ’74 William Quinn, HBA ’85, MBA ’77 Joseph Shilon Scott Clark, HBA ’85 Peter J Karrys, MBA ’90 MBA ’89 Anonymous Fundata Canada Inc Lorraine Ivey Shuttleworth The Co-operators Group Ltd Wendy MacKinnon Keith, Tasha & David Rawlings, Anonymous Bruce R Gall, MBA ’69 Lino (Lee) Sienna, HBA ’74 Kim M P Cook, MBA ’93 MBA ’89 HBA ’96 Anonymous James S Gallagher, MBA ’79 Peter Simon, HBA ’86 Sante A Corona, HBA ’89 Edward Kennedy, HBA ’81 & Douglas Reid, HBA ’58 Anonymous General Mills Canada Inc Richard D Stephenson, John D Crabb Stella Kennedy, HBA ’81 Robyn & Gordon Ritchie, Anonymous Gerald Schwartz & Heather MBA ’93 Patrick Cronin, MBA ’93 Richard L Knowles, HBA ’73 MBA ’77 Anonymous Reisman Foundation Stockgroup Art Crooks, MBA ’63 Kraft Canada Inc Russel Robertson, HBA ’69 3M Canada Company Robert Gibson, MBA ’87 Rob Szabo, MBA ’93 Dann Cushing, HBA ’00 Marisa Kwok, HBA ’77 Yvonne & Jason Robertson, MBA ’93 A T Kearney Ltd Green Shield Canada Karen J Taylor, MBA ’92 Dominic D’Alessandro, O.C. Gordon Lackenbauer, Wayne Adlam, MBA ’86 Peter Grosskopf, HBA ’87, MBA ’68 & Joyce Trapp Lisanne & Jim Rogers, Teck Resources Limited David P Dal Bello, HBA ’90 MBA ’90 Alberta Performing Arts MBA ’90 TELUS Corporation Kelley Dalton, HBA ’90 & Douglas M Lambert, HBA ’69, Stabilization Fund Doug Guzman, HBA ’88 & MBA ’71 Bruce Rothney, MBA ’89 Tembec Inc Kevin Dalton, HBA ’90 & Lisa Rothney, HBA ’85, ArcelorMittal Dofasco Inc Sheila Brown Claude & Lorraine Gareth Turner, MBA ’91 La Fondation De Gaspe MBA ’89 Yvonne & Ross Archibald, R Keith Harfield, HBA ’70 Lamoureux Unilever Canada Beaubien RSM Richter LLP HBA ’58 Gerald Hipple, HBA ’59 Lanxess Inc Luc Vanneste, EMBA ’99 Ian de Verteuil, MBA ’86 Canada’s Research-Based Jean L & Walter R Badun, Lee Seng Wee, MBA ’54 Holcim (Canada) Inc Paul Derksen, HBA ’75 Pharmaceutical Companies DBA ’55, MBA ’57 L Darlene Vincent, HBA ’93, Anne McMaster & Frederic David Holmes, HBA ’73 MBA ’79 David DesLauriers, HBA ’81 (Rx&D) Gary Barnes, HBA ’67 Lesage, MBA ’01 The Hopper Family Anthony von Mandl Navjeet Dhillon, EMBA ’98 Harolde Savoy, MBA ’84 AndrewBarnicke, HBA ’83 Thomas & Rosemary Logan Robert Hubling, HBA ’53 Andrew Waitman, MBA ’92 Janet & Roger Dickhout, Michael Schwenger, HBA ’74 Deb Barrett, HBA ’80 & LoyaltyOne Horst E Hueniken, MBA ’87 MBA ’83 R Luke Seabrook, HBA ’96 Jim Leech Mark Whitmore, MBA ’91 Maxine MacLure, MBA ’80 Hydro One Networks Randolph Dietrich, HBA ’79 Brian & Heather Semkowski BC Hydro Donald Woodley, MBA ’70 Imperial Oil Limited David S C Dobell, MBA ’89 Alfio Manarin, MBA ’90 Family Foundation Bell Canada David Wright, HBA ’83 John G Inch, HBA ’91 Thomas Ebbern, MBA ’89 Charles & Rita Field- Richard Sharpe, HBA ’50 Michael Bernstein, MBA ’96 Ray G Young, HBA ’84 Marsham Foundation Doug Irwin, MBA ’81 Izzeldin A Elkhazin, HBA ’71, Ken Shaver, HBA ’81 & Nan DasGupta, MBA ’96 David L Mayhew, HBA ’74 Ivey Alumni Association MBA ’72 Heather Shaw, MBA ’87 Robert G Bertram Scott McCain Calgary Chapter $25,000 – $49,999 Federation of Chinese Donald R Sheldon, MBA ’69 Zena & John Besterd, Rosemarie McClean Franklin G Jacobs, MBA ’76 Canadian Professionals Bruce M Shirreff, HBA ’74, HBA ’78 Anonymous (Ontario) Education Lan Kwai Fong Holdings Ltd MJ (Marty) McConnell, MBA ’77 BlackBerry Anonymous Foundation HBA ’82 Jane & Michael Lay, HBA ’83 John B Simcoe, HBA ’92 Bombardier Inc Anonymous Mary Federau, MBA ’87 & McCormick Canada Inc LEADER Project Dr Ian A Sloan Thomas Bradley, MBA ’83 & Anonymous David Hass, MBA ’87 Todd McCuaig, HBA ’87 Steve Lear, HBA ’80 Andy & Helen Spriet Lori Lothian Anonymous Miguel Fernandez, MBA ’62 Ronald G McCullough, Mark Lewis, HBA ’91 Brian Stock, HBA ’81 James Brodeur, MBA ’62 Anonymous Tom Flynn, HBA ’87, MBA ’60 Robert W Luba, MBA ’67 MBA ’92 & Cathy Hampson, Bob Stuebing, MBA ’74 Judy & Murray Bryant Anonymous Raymond McFeetors Anne & Jay MacAulay, HBA ’86, MBA ’90 Sun Light Foundation J Judd Buchanan, MBA ’55 Anonymous Tim McGuire, HBA ’83 MBA ’71 Steven Yaron Garmaise, Business Families The Late Ted Medland Lawrence Tanenbaum Hugh MacDiarmid, HBA ’74 Alumni Computer Group Ltd MBA ’83 Foundation L Jacques Menard, O.C., Target Canada Co G F Kym Anthony, MBA ’80 R Peter Gillin, HBA ’71 Cameron Calder, HBA ’53 Macquarie Capital Markets MBA ’70 Ronald E Taylor, MBA ’71 Canada Ltd David S Anyon, EMBA ’97 Endla & John Gilmour Colleen Campbell, HBA ’80 Lisa & Guy Metcalfe, HBA ’90 Paul A Thomas, HBA ’85 Christine A Magee, HBA ’82 Don Bailey, HBA ’84 Foundation & Stuart MacGregor, MBA ’79 Maggie & John Mitchell, Tim Hortons Inc Bruce Barker Eric Goldstrand, EMBA ’99 Paul F Campbell, MBA ’90 Peter T Main, HBA ’64 MBA ’78 TorQuest Partners BASF Canada Inc Alex E Graham, MBA ’89 William I Campbell, MBA ’67 Robert G McFarlane, David Montanera, HBA ’84, Joseph Tse, MBA ’87 MBA ’85 Leanna & John Bayliss, Yolanda & David Campbell, Jon K Grant, O.C., HBA ’59 MBA ’88 Mme & M Jean Turmel Paul J D Miller, MBA ’84 HBA ’99 HBA ’93 William & Lynne Gray Philip F D Moorcroft, MBA ’97 Wesley R Twiss, MBA ’72 Monitor Deloitte Dr Paul W Beamish, HBA ’76, Foundation Shody Chow, MBA ’69 Morgan Stanley Canada Ltd Mary & Barry Ullett, HBA ’75 Lenny Moy, MBA ’84 PhD ’85 Douglas Greaves, HBA ’72 Kathleen & Ron Close, Hugh Morris, HBA ’53 Vale Jalynn H Bennett The Estate of William Bell HBA ’81 Paul E Moynihan, MBA ’92 Bill Morris, HBA ’74 Scott G Bere, HBA ’89 Grieves Teresa & John Vander The Berdie & Irvin Cohen Nortel Networks (Asia) Ltd Donald C Morrison, HBA ’59 Hoeven, HBA ’74 Fund for Doctoral Business Robert H Beriault, MBA ’78 Matthew S Hannon, HBA ’74, The Wesley & Mary Nicol Jane & Roger Mortimer, Wellington Financial LP Scholarship Charitable Foundation James A Bertrand, MBA ’83 MBA ’78 MBA ’86 Westport Power Dan Coholan, MBA ’87 NUCRO-TECHNICS Austin C Beutel Jean & Ken Harrigan, HBA ’51 Guff Muench, MBA ’81 Gale & Bill White, MBA ’69 Peter P Cohos, HBA ’80 Andrea & Kevin O’Brien, Andre M Boysen, EMBA ’99 Wendy Murdock, MBA ’82 Scott Wilson, HBA ’81 & Dean Connor, HBA ’78 HBA ’93 Dr Francesco Braga Daniel Hebert, MBA ’81 Sean Naylen, MBA ’04 Jacqueline Love Wilson, Mark Cowie, HBA ’80 Onex Corporation Charles W Brown, MBA ’83 Jan Herman, MBA ’84 & Mark Herman, MBA ’84 North Strategic Inc HBA ’81 Karen A Crich, HBA ’92 William Pang, MBA ’94 Perry Caicco, MBA ’83 Hicks Morley Hamilton Julie & Dr H B Brent Norton, Women in Capital Markets Robert D Crockford, HBA ’70 Gordon Perchthold, MBA ’91 Canadian Agri-Food Policy Stewart Storie LLP MBA ’89 Jessie & Larry Wynant, Patrick Crowley, HBA ’74 Paul K Pew, HBA ’87 Institute Asiff Hirji, MBA ’92 David Ogden, HBA ’89 MBA ’72 James B Cumming, HBA ’73 Craig P Mayor, HBA ’73, Capital C Home Depot Inc Oliver Wyman Ming-Kong Yu, MBA ’71 Don Darroch, HBA ’73 MBA 76 Barbara & John Carroll, Tony Horak, MBA ’75 Robert Olsen, MBA ’88 Chricket & Mac Yule, HBA ’74 Tim Dattels, HBA ’80 & Barbara & Cedric Ritchie HBA ’56 Investors Group Inc Allan Olson, MBA ’65 Thomas R B Zeeb, HBA ’86 Kristine Johnson Pierre Rivard, MBA ’83 & Vince Cascone, EMBA ’07 Allan Jackson, HBA ’65 Anthony Ostler, MBA ’97 Dario G Zulich, HBA ’86 Gillian Denham, HBA ’83 & Catherine Paquet Ron Charles, MBA ’71 Terry A Jackson, MBA ’73 Nicholas Paine, HBA ’83 In Honour of Walter Ernst Stephen O Marshall RLG International W John Charman, MBA ’70 Zuppinger Carol & Filip Papich, MBA ’87 Steve Dent, MBA ’89 & Sidney P H Robinson Sanjib Choudhuri, MBA ’72 Janssen Inc Madeleine Paquin, HBA ’84 Janet Maclaren, MBA ’89 Harry & Evelyn Rosen Wilson Choy, HBA ’79 Darlene & Perry Jeffery, HBA ’79 J Bruce Pearson, MBA ’58 Cynthia J Devine, HBA ’87 Peter Samson, HBA ’87 & C David Clark, MBA ’66 C B Johnston Family Robert Pemberton, MBA ’93 Alexandra & Camillo di Prata, Cathy Williamson, HBA ’87 Greig Clark, HBA ’74 MBA ’87 Brian R Jones, MBA ’74 & David J Pennington, HBA ’93, Scott Sarjeant, MBA ’80 Alec W G Clark, HBA ’84 Dino DiCienzo, HBA ’87 Karen L Weaver-Jones MBA ’97 Lawrie Savage, MBA ’73 David James Cohen Jeff Dossett, HBA ’83 Brian W Jones, HBA ’74 Michael Phelps Alan Sellery, HBA ’87 Connor Clark & Lunn Glenn Jones, HBA ’68 Michael W Pun, HBA ’89 Ryan Finch, HBA ’97 Michael C Shannon, MBA ’83 Financial Group

2014 IVEY ANNUAL REPORT | 21 MBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

MBA 1947 MBA 1959 Other Annual Fund Pierre Lepine Charles Dillingham Ivey Society, Deans’ Circle Contributors William Leslie James A Erskine Donald Woodley Ivey Society, Benefactor Ivey Society, Benefactor Carole & Robert Beauregard Ken Nixon Jerome Gendron Ivey Society, Benefactor Lawrence Martello Peter Holland Pierre Bergeron David Patterson Charles Golfman L Russell Payson Other Annual Fund Other Annual Fund Andrew Billingsley Contributors Contributors Peter E Pitsiladis C Richard Goodfellow Other Annual Fund James B Donaghy Contributors Herbert Ballantyne G C Berringer Gerald Pogue Douglas Grant Thomas Foulkes Anonymous Everett A Boyle Blake Sherman Dorothy & Robert Gibson Donald A Anderson Donald Mallory Bud Tangney MBA 1968 MBA 1952 Allan Laird Stephen R Brown John St C Ross Ivey Society, Founders’ Anonymous Gus Leach Michael Cooke Patrick Rourke MBA 1965 Circle Harold McGinn Antonius Madlener Joseph Courtright James Streeter Ivey Society, Benefactor Brenda & Bob Brooks Paul Turner David W Dolman Reijo Malmqvist Michael Needham MBA 1953 David Edwards Other Annual Fund Ivey Society, Patron MBA 1960 Gerald Goldenberg Ivey Society, Benefactor MBA 1963 Contributors Gerald Beasley Ivey Society, Founders’ Fred Berlet Gilbert R Mackie Circle Ivey Society, Founders’ Anonymous Other Annual Fund Other Annual Fund Circle Contributors Lyall McCurdy W Keith Smith Francois Bechard Contributors Dr Paul R MacPherson Anonymous George Ratner Ivey Society, Benefactor John C Heffer Hon G Osbaldeston Donald K Johnson Anonymous Terence Stone Sid Horovitz Ivey Society, Patron Ronald Beath Other Annual Fund Kevin Larkin MBA 1971 Art Crooks MBA 1954 Contributors Douglas Margerm Terry Bedard Total: $18,886 Ivey Society, Benefactor Anonymous Anonymous Harold Nickerson Allan Chartrand Participation: 10% Hemendra Desai George Dorrance Anonymous Joan Nolting Michel David Ivey Society, Founders’ William Fast Circle John Chamberland Dave Preston Hugh Goodwillie Sydney McMorran The Cullen Family MBA 1955 Frederick E Estabrook Robert D Maxwell Robert Keller Lynne & Paul McCrea Darcy Rector Kerin Lloyd Ivey Society, Benefactor Ivey Society, Founders’ Guy Tourillon Circle G Duncan McTaggart Other Annual Fund Ted Metzing Bruce Burgess Contributors J Judd Buchanan Peter Morse Peter Seybold Phillip Gooch Anonymous MBA 1966 John Mustard Robert Simpson Bruce Graham Cameron Davreux Ivey Society, Founders’ Yves Trepanier Winston Ho Fatt Vernon Nelson Circle MBA 1956 Richard Farr Donald Walcot Carol & John Kittredge Francis David Scott Robert V Brouillard Bruce Campbell Nandlal Harsora Thomas Warren Ian Mackay Gregory Stone Denyse Chicoyne & Serge Keith Ham Peter Knoepfli John Thompson Gouin Ronald E Taylor Leslie Ham Robert McElhinney Ivey Society, Patron MBA 1969 Other Annual Fund William A Saunders Lawrence Organ Contributors Harry Seymour Ivey Society, Founders’ George Suart MBA 1961 James Ridler Thomas Cochran Ivey Society, Benefactor Circle Ivey Society, Founders’ George Schroeder G Michael Hogan Circle Nicole & Gilles Lamoureux Carol & Paul Hill Irma L Lubbe & Karl H MBA 1957 Other Annual Fund Gale & Bill White Marion & Donald McDougall Lubbe Ivey Society, Founders’ Contributors Other Annual Fund MBA 1964 Ivey Society, Benefactor Circle Anne & Jay MacAulay Contributors Ivey Society, Deans’ Circle C David Clark George Fowlie Joanne & Peter Kenny Murray Moss Anonymous Janet & Douglas Davis Burke Corbet Other Annual Fund Ivey Society, Benefactor Enn Tiislar Ralph & Lillian Addison Bill Magyar Pierre G Lesperance Contributors Norman Alexander G Stephenson Wheatley Lawrence Burpee Alexandra & Robert Nourse G Donald Meades David W Betts Andrew Grindlay L Karl Hinds Ivey Society, Patron David Rumpel Jacques Bourgeois Barry Holt MBA 1972 Dr & Mrs John A Donald Betts Clair Shields Ken Delf Other Annual Fund Humphrey Total: $64,398 Bill Cochrane Terry Trecarten Douglas Gameroff Contributors George W Lange Participation: 10% Ivey Society, Benefactor Jim Wyse Orest Ludwick Joe Gurowka Donald Whitmore Ivey Society, Founders’ Anonymous John Moore Archie Wilkinson Circle Peter Douglas MBA 1967 Laurence Charles Pretty Dr Albert R Wood & Dr Henry Cheng Kar Shun Dr Vivian Wood MBA 1962 Jeanne & David Ivey Society, Founders’ Arkadi Kuhlmann Ivey Society, Deans’ Circle McCutcheon Circle MBA 1970 Pierre L Morrissette Robert Miller James Brodeur William I Campbell Total: $84,100 MBA 1958 Ivey Society, Deans’ Circle Ronald Rhodes Ivey Society, Benefactor Other Annual Fund Participation: 14% Ivey Society, Benefactor John Adamson Other Annual Fund Contributors Martin Farnsworth Ivey Society, Founders’ David J Walker Contributors Anonymous Ivey Society, Benefactor Miguel Fernandez Circle Other Annual Fund Robert Bryce Richard Frank Anonymous Gilles G G Ouellette Contributors John D Fergusson Verna & Tom Howard Pierre Boulanger Rob Richards Anonymous J Allan Finlayson Gunnar Mellbye Marc Delisle In honour of Walter Ernst Don Badke Edward J Koehler Zuppinger

22 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle $2,500–$4,999 Patron $1,000–$2,499 Benefactor $100–$999 The First Decade Society

Other Annual Fund David McNamara MBA 1977 Ivey Society, Deans’ Circle Ivey Society, Patron MBA 1983 Contributors Martin Redwood David Kassie & Susan Patti Bunston Gunn & Total: $27,620 Total: $67,841 Anonymous Nanci & Jack Simkin Harris Stephen Gunn Participation: 8% Participation: 15% Anonymous Louis Zanibbi Ivey Society, Patron Ivey Society, Benefactor Ross Burkett Ivey Society, Founders’ Anonymous Bernard Cormier Ivey Society, Founders’ Circle Circle Gary Gorman Anonymous Malcolm W Hamilton MBA 1975 Stephen A Suske Geoffrey Gudewill Neville Grant Ivey Society, Benefactor Daniel B Hebert Total: $12,686 Ivey Society, Benefactor Steve McDonald Jacques Lapare Cameron J Turner Lyle Kerr & Valerie Millen Participation: 10% George Vallance Ivey Society, Deans’ Circle David Minuk Other Annual Fund Karen L Spaulding Ivey Society, Patron Linda Chan Contributors (Murphy) Charles W Brown Bruce Shirreff Ivey Society, Patron MBA 1973 Anthony Horak Thomas Curley Peter Spruce Ivey Society, Benefactor Arthur Watson Mark Dickman Alex Tye James Bertrand Total: $62,588 Roger Lace Other Annual Fund Ashley D’Silva Michael Weber Pierre Lapointe Participation: 6% Contributors Michael R Levine James A Gallagher Other Annual Fund Douglas Richmond Ivey Society, Founders’ Anonymous C James Prieur Ron Lalonde Contributors Ivey Society, Benefactor Circle Anonymous Janet & Keith Smith Edward D MacDonald Anonymous Anonymous John A Rothschild Anonymous Other Annual Fund Leslie & Guy Nelson Anonymous Deb & Jeff Bacon Ivey Society, Deans’ Circle Contributors Brian Higgins W Todd Wilson Anonymous Sandi & Paul Ballinger Lawrie Savage David Armstrong Ken Kawall Mike Lam Brad Bourne Ivey Society, Patron Wing Shing Chu John D Kingston Glen Murphy Roger Dickhout Anonymous MBA 1980 Gary Comerford Patrick J O’Leary Rob Potter Douglas Harman Ivey Society, Benefactor Total: $47,068 Scott Hean Deborah Pankhurst Doug Short Roland Horst Terry A Jackson Participation: 10% Gord James Len Shara Other Annual Fund Bob Schram Ivey Society, Founders’ Robert Martin Francois Vary Contributors Circle MBA 1982 B Westell James Milway Anonymous David W Cornhill Total: $30,713 Other Annual Fund Brian Phillips Anonymous Contributors MBA 1978 Paul Sabourin Participation: 9% Mark Sklar Hany Assaad William Band Total: $12,817 Nancy & Andrew Wiswell Ivey Society, Founders’ James White Circle John Beamish Marshall Egelnick Participation: 9% Ivey Society, Benefactor Kent Young Doug McGregor David S Boles Rigby Whitty Ivey Society, Deans’ Circle Peter M Conrod Harry Rosen Inc & Larry Peter Brennan Robert H Beriault Marc Courtois Rosen Christopher Chance MBA 1976 Ivey Society, Benefactor Randy Fretz MBA 1974 Ivey Society, Deans’ Circle Jeannette Eberhard Total: $22,725 Matthew S Hannon Maxine MacLure 40th Reunion Social Janet David Tim Henry & Christine Committee: Dan Amadori Participation: 11% Jeffrey Hertz Dan Nixon Doug Irwin & Margot Jones Winder Ian Lennox Total: $104,449 Ivey Society, Founders’ Craig Shannon Tom Jesty Circle Dipak Rastogi Participation: 13% John B Mitchell Other Annual Fund Ivey Society, Benefactor Matt Lawton Heather & Jim Hunter Contributors Ivey Society, Founders’ Other Annual Fund David J Dulal-Whiteway Thealzel Lee Circle Ivey Society, Deans’ Circle Contributors Anonymous Scott Macdonald Chun-pong & Patricia Ling Anonymous Michael Boyd & Shelagh Deborah Ambrose Bill Blake Donovan Wendy Murdock Ian McNeil E Nicholas Gudewill Jacques Breton Chris Graham Ivey Society, Patron Other Annual Fund Catherine Ralston James Kalman Anna M Fiocco Richard Henson Contributors Pierre Rivard & Catherine Terry McLeod Brian K Hunter Terry A Lyons Jim Keon Paquet Ivey Society, Benefactor Serge Bourassa Domenica & Doug Tough Don Kester Marc Lapointe Susan Davies Tony Solecki John F Coombs Frederick Metcalfe Ivey Society, Patron Eric Lefebvre Gary Svoboda James Gellman Michael De Santis Bob Stuebing James Smith Jacques Lepage Other Annual Fund Armand Des Rosiers Ivey Society, Benefactor Michael R Sprung Scott Moulson Contributors Beth Roemmele Hemstad MBA 1984 Brian Schofield Alex Turnbull Halina Sandig Anonymous Sean W Herbinson 30th Reunion Social Robert Zittrer Philip Weinstein Mark Singh Anonymous Aly Lalani Committee: Diana Jedig, Other Annual Fund Ed McHugh, Marcia Ross Michael Dunphy Mike Moroz Contributors MBA 1979 Fundraising Committee: Rick Lancaster MBA 1981 Jacqueline C Orange Anonymous William Burnfield Rejean Landry 35th Reunion Social Total: $66,570 Andrew Parkes & Bill Andrew Bland Committee: Jim Gallagher, Total: $73,272 Lesley Lemesurier Alboini Participation: 10% Parkes Michel Charbonneau Tim Godfrey, Allan Lever Particpation: 11% Amos Simpson Christine Lengvari Total: $49,801 Ivey Society, Founders’ Ivey Society, Founders’ James Coristine Circle Gerald Mazin Participation: 8% Circle Charles Crump Betty-Anne & Tom Lindsay Gerald McLeod Ivey Society, Founders’ Kirsten Feldman Thomas Gifford Richard E Rooney William McNeil Circle Lenny Moy Richard L’Heureux Ivey Society, Deans’ Circle George C Reifel Thomas K Barber Robert J Proud George MacDonald Doug Irwin & Margot Paul Stevenson L Darlene Vincent C John Schumacher Denyse Mackey Jones Penny Thomas Howard Yaphe

2014 IVEY ANNUAL REPORT | 23 MBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Ivey Society, Patron Kevin & Mona Malone Ivey Society, Deans’ Circle Gregory B Turchyn Other Annual Fund Ivey Society, Patron William Burnfield Tony Manastersky Dan Coholan Nancy White Contributors Paul F Campbell Steven Fletcher Nancy & Manlio Marescotti Mary Federau & David Hass John Wu Anonymous Lois Nahirney & Tom Jan & Mark Herman Donald Maunders & Elisabeth Hass & Peter Anonymous Dielschneider Hass Ivey Society, Benefactor Mike Reed Anonymous Lisanne & Jim Rogers Ivey Society, Benefactor MBA 1989 Duncan E Campbell Andrew Ringvee Anonymous Ivey Society, Benefactor 25th Reunion Social Anonymous Anonymous Rizwan Ahmad Douglas MacKay Robert Shustack Committee: Bobby Bower, Lyle Kerr & Valerie Millen Rebecca Grant & David Richard Smith Laurie Campbell, Lucie Anonymous Mark Bishop McCutcheon Other Annual Fund Cousineau, Jon & Laura Neil Abramson Steven Burtch Peter Sutherland Contributors Hantho, Eric Jensen, Robert Stephen Quinn Joshua Albert Don Johnson Thomas J Trainor Paul Badeski Klassen, Douglas Legge, Robert Yanowski Janet Purcell, Jeff Schieck, Marc Andre Bisson Joan Wiggins Rob B Wild Julianne Berger Glenn Yonemitsu Other Annual Fund Ted Bonertz Other Annual Fund Gerry Fenwick Fundraising Committee: Contributors Ellen Briant & Christopher Contributors MBA 1986 Dominique Gerin-Lajoie Laurie Campbell, Tom Anonymous Dielschneider, Thomas Vyse Susan Sarjeant Austin Duncan E Campbell Total: $28,893 Robin Hibberd Ebbern, Alex Graham, Bgen Linda Colwell Vicky Batters Laura Hantho, Rob LaJoie, Meegan Hings & Marc Participation: 13% John Hughs & Jacintha Richard H Dobson David Carlson Gadi Meir, Valerie Spriet, Letourneau Podson-Hughes Ivey Society, Founders’ David Tait Susan Doughty (Little) Keith Dawson Robert S Hyde Circle Marty Loken Total: $276,139 Karen Fancy Bernard Gutnick Joe Shlesinger & Samara Frederick S Maxim Andrew Inkpen Eiichi Fukuda Robert Hallsworth Walbohm Participation: 24% Anne Lamont Martin Osso Ivey Society, Founders’ Anastasios Georgiou Tim Keighley Melissa & Scott Beattie Aldo Sylvestre Hylda & Tony Martin Circle Nicole Goodfellow Greg McKnight Ivey Society, Deans’ Circle Rosemary (Schauf) Pahl Laurie Campbell Harrison Hadwen John McMillan Ian de Verteuil MBA 1988 Gita Ramachandran Thomas Ebbern Margot Howard & Peter Paul Noreau Ivey Society, Patron P Kim Sturgess Total: $55,521 Laura & Jon Hantho Ballantyne Bruce A Schouten David S McCann Scott Tapson Participation: 14% Pierre Pomerleau Robert Izsak Donna Thompson Paul Szczucinski Lorraine Trotter & Mike Ivey Society, Founders’ Ivey Society, Deans’ Circle Rob Klassen Theresa & Grant Williams Bruce Rod White & Sharon White Circle Bruce Sherk Mary Yamanaka & Gregory Christopher Vyse & Ellen Ivey Society, Benefactor Jock W MacDonald & Kocik Ivey Society, Patron Briant Anonymous Janet C Griffin John M Karaycich MBA 1991 Michael F Buzanis Andrew C Zsolt Anonymous Tim MacDonald Robert LaJoie Total: $54,947 Geoffrey Cann Thom Clulow Ivey Society, Deans’ Circle Jennifer McCleary & Participation: 15% Tom Dielschneider & Lois Timothy Hodgson & Linda Michael Sproule MBA 1985 Yvon Gaudreau Nahirney Ivey Society, Founders’ Netten Gadi Meir Circle Total: $69,113 Samir Kasem David S C Dobell Ivey Society, Patron Laura Mizzen Glenna & Richard Talbot Participation: 15% Bruce Lindsay Robert Gardner Martin Fafard & Angela Mark Nashman Gareth Turner Ivey Society, Founders’ Derek Murphy Olsen Michael J Greenberg Circle Glen Orsak & Margo Hoyt Mark Whitmore Other Annual Fund David Montanera John M Krayacich Debra & Brian Heald Contributors Christian Racicot Ivey Society, Benefactor Mike Stevens Jim Logan Ivey Society, Deans’ Circle Anonymous Paul Roach Rod Foss Ivey Society, Benefactor Angela Olsen & Martin Donald J Polk Ann Elliott Fafard Valerie Spriet Mark Newman Graham Carter Ivey Society, Patron Thomas Hinton Linda & William Quinn Douglas Stirling Joseph Sirdevan Stephen Hughes Ken Hollingshead Barbara Laurie Lawson Ivey Society, Benefactor David Tait Mike Thorfinnson Pamela Jeffery Ivey Society, Benefactor Robert Mack Anonymous Kent Thexton Sandy Whittall Charles MacQuarrie Susanne & Doug Berk Creighton Madill Anonymous John Welton Other Annual Fund Christianne Paris Contributors Kevin Clark Pierre McLean Anonymous Mary Robertson Steve Adams David Weiner Thame Rattew Roxanne & Mark Behrman MBA 1990 Other Annual Fund J Atha Andrew Ross Marita E Zaffiro Contributors Thomas Birch Total: $83,062 Peter Ballon Jane Smale Other Annual Fund Anonymous Tom Dowsley Participation: 12% Ross Chafe Contributors Donald Smrke Anonymous Luc Ducharme Ivey Society, Founders’ Anonymous Glen Charanduk Brian Thompson Robert Blair Anastasios Georgiou Circle David Aston Linda Crawford (McCurdy) Michael Bolitho Alex E Graham Peter Grosskopf Jean-Marie Brideau Rhonda English MBA 1987 Michael Bruce & Lorraine James Henderson Tom Flynn & Cathy Stanley A Chu Trotter Hampson Grant Fraser Total: $39,245 Eric Jensen Lloyd Cooper Kevin H Campbell William J Jandrisits Susan Gamm & Dieter Participation: 9% Wendy MacKinnon Keith Gamm Claude Damiani Michelle & Patrick Bob M Chown Denise C MacDonald Ivey Society, Founders’ Meneley James Goodchild Joan E Fiset Circle Tom Donnelly David Oxtoby Ivey Society, Deans’ Circle Bruce Harrop Anne Hale John W Akkerman Jonathan Latsky Tyrina & Steve Petersen Alfio Manarin Stephen Legler Muneer Hirji Carol & Filip Papich Jeffrey M MacLennan Kurt Ritcey Ann Lumsden Steve Kirstiuk Jim McGill Bruce Rothney & Lisa Lorna MacDougall Denham Paula E Leslie Phyllis Salisbury McCuaig Rothney Peter Szoke

24 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle $2,500–$4,999 Patron $1,000–$2,499 Benefactor $100–$999 The First Decade Society

Brad Maheu Sarah Morgenstern & Ivey Society, Benefactor Other Annual Fund Other Annual MBA 2000 Howard Mains Todd Hargarten Anonymous Contributors Contributors Total: $6,262 Keith Matthews Rob Szabo Mark Barber Anonymous Anonymous Participation: 9% Deborah McCutcheon Ivey Society, Patron Pierre Bertrand & Nancy Anonymous Anonymous Ivey Society, Benefactor Jennifer McNaughton Kim M P Cook Bertrand Anonymous Anonymous Anonymous Doug Melville Richard D Stephenson Dagmara Fijalkowski & Anonymous Dev Balkissoon Robert Fijalkowski Joanna Ng Bridget Nevado Ivey Society, Benefactor Susan Brooke Marie-Anne Desjardins Jean-Francois Tremblay Francis Man Kit Pun Robert Presser J Christopher Donald David Iggy Iwasiewicz Darryl Green David Dundas Chet Woon Marie-Josee Martineau Darryl Jacobson Other Annual Fund Douglas Purcell Contributors Corrine & Tom Greco Other Annual Fund Greg McLean Antoni Krajewski Byron Roth Contributors Anonymous Douglas A Hamilton Robin Porter David McElhanney Linda & Jamie Sawchuk Anonymous Artem Borounkov Steven Honeyman Gail Rodwell-Simon Nagib Premji Kelly Smith Anonymous Michael Brock Darren Marshall William D Robertson Trish Sullivan Anonymous L Gan Lani C Martin Andrew Romocki Amos Tin Deepak Khandelwal MBA 1997 Suzanne Gouin Robert Pemberton Glen Webster Jeff Weiss John C Koyanagi Total: $29,483 Jeffrey Groves Wes Pringle Steven Wilson Darrell Wheeler Gary Krikler Participation: 13% Trevor Lam Yvonne & Jason Robertson James R Witmer Priscilla Ma Ivey Society, Deans’ Circle Tara Landes John A Sinclair MBA 1992 Anthony Mar Mark Horsfall, Lucy Spence Jonathan Minsky Other Annual Fund & Family MBA 1999 Total: $42,666 Contributors Parag Saigaonkar Patrick R Mitchell Susan Witteveen & Dan 15th Reunion Social Participation: 9% Anonymous Juliane Schaible Sandro Morassutti McClure Committee: Darren Rough Ivey Society, Founders’ Anonymous Steve Suarez & Michelle Steven T Nevard Ivey Society, Patron Fundraising Committee: Circle Alain Paul Blaha & Laurel Anthony G Ostler Joanne Dolfato, David Sanders Pabbies Jennifer von Briesen Tom Flynn & Cathy Deplaedt Eason, Michael Flood, Mark David J Pennington Jennifer Samarzija Hampson Lerohl, Darren Rough, Jeff Michel Bruyere Claudia Saner Ivey Society, Deans’ Circle Tak Yu Trevor Tam White Hilary Cassady MBA 1995 Frank Sartor Paul E Moynihan Ivey Society, Benefactor Total: $22,500 Karen Condon Total: $27,500 Brian J Sinclair Susan Witteveen & Dan Hugh D Babowal Participation: 7% Carol Cruickshank & James Participation: 7% McClure Roger Berthelot Victoria L Young Lisser Ivey Society, Founders’ Ivey Society, Founders’ Ivey Society, Patron Geoffrey Colter Circle Changchun Zhang Barry Dennis Circle Jacqueline & Joe Nemeth David C Edwards Luc Vanneste Nick Evans Greg & Tracy Guatto Ivey Society, Benefactor George Nast Ivey Society, Patron MBA 2001 Anita & Glen Farrow Ivey Society, Benefactor James D’Orazio Steve Uszkay Anonymous G Keith Graham Alexa Nick Total: $17,858 Chris Hibberd Other Annual Fund Shon Wilkie Andy Herrmann Doug Pollard Participation: 12% Bill Jack Contributors Ivey Society, Benefactor Scott Houston & Carey Joseph Quarin Ivey Society, Founders’ Anothony Anderson Fraser Johnson Houston Anonymous Circle Bradley Radin James A Black Steven R Meston Margo Hoyt & Glen Orsak Michael Flood Abzal Ayubeally Other Annual Fund Roman Chomyn Alain Tranchemontagne Kathy Kalafatides Contributors Darren Pare Ivey Society, Deans’ Circle Don Chung Other Annual Fund Carolyn Martin Anonymous Darren Rough Anne McMaster & Frédéric Contributors D’Arcy Delamere Lesage Brian May Esther Benzie & Mark Mark Wolinsky Gordon Cameron Darryl Gilpin Ivey Society Patron Martin McCambridge Phillips Other Annual Fund Eddie Castelletto Benjamin Martinez Contributors Kevin Williams John McLeod Blaik Kirby Rob Cunningham Ian S Orfanides Anonymous Ivey Society, Benefactor Daniel M Steinberg Edward R T Lawson Ian Glassford Jeffrey S Rankin David C Anderson Peter Kalen Robert Symmons B Naini Julie E Hamel Gary Nevison Paul Saad Robert Atwell Other Annual Fund Dennis Tze Contributions Michael Hill Ronny Steinberg Jason Steinberg Andrew Fletcher & Family Anonymous Patricia M Meehan Chris Taves Darryl Green MBA 1994 Anonymous Sylvain Pelletier MBA 1996 Kathy Munro 20th Reunion Fundraising Aaron M Bennett Cathy Pin Brent Patterson & Nicole Committee: William Pang, Total: $15,918 MBA 1998 Turnbull-Patterson Ed Boose & Sandra Bolton Bernard Trottier Sergei Tchetvertnykh Participation: 9% Total: $10,424 Gordon Sandford Charles Bougie Tony Valle Total: $120,074 Ivey Society, Founders’ Participation: 9% Andre Sochaniwsky Peter Busse Participation: 6% Circle Ivey Society, Patron Uliana Tomiuk Dennis Dussin Ivey Society, Founders’ Nan DasGupta & Michael MBA 1993 Anonymous Robert Weiss David C Edgar Circle Bernstein Total: $79,689 Ivey Society, Benefactor Jeff White & Joanne Dan Eisner William Pang Ivey Society, Benefactor Dolfato Participation: 17% Sean Cameron Triina & Chris Forbell Olga & Sergei Daniel Golberg Ivey Society, Founders’ Tchetvertnykh Scott & Alison Cooper Cathy Hao Circle Dominique Hansen Ivey Society, Patron Kurt Middleton Ellen Jarmain Patrick Cronin Christopher A Lane Keith Graham Erin Sorhaug & Jan Marc Kaipio Edward J Gudaitis Stephen H E Murphy Sorhaug Lachlan MacQuarrie John Sterling

2014 IVEY ANNUAL REPORT | 25 MBA & MSc In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Craig McKean Jeff Smith John Mountain Anonymous Andre Mousseau MBA 2008 Peter Neufeld Ryan M Thomason Liane Orsi Anonymous Becky Perez Total: $3,375 Paula Puddy Nicole Turnbull-Patterson & Matthew Paget Hilary & Glen Barisoff David Resnick Participation: 7% Mark Roberts Brent Patternson Jay Perry Tracy & Christopher Beaton Robert Scobie Miles Voakes Ivey Society, The First Eric L Rosen Benjamin Rodney Daniel Benoit Joe Thacker Decade Society Sondra Wiseman Shubhen Sarangi Kate Romany Hany Beshr Mark Tomek Robert Dimitrieff John Zhang Janine White Douglas Sage Kate & Mark Binns Ping Yan Other Annual Fund Jeffry Wu Esther Zurba Elan Satov Ben Chow Golnaz Yekrangian Contributors Jessica Shi & Mark David Colin Bogar MBA 2002 MBA 2003 Dev Srinivasan Jimena & Jeff Fairbairn MBA 2006 Andrew Haigh Rishi Sood Leiwa James & Alex Fuchs Trevor Hand Total: $23,787 Total: $17,089 Total: $5,622 David Southwell Viola Hoo Nick Kuzyk Participation: 16% Participation: 20% Participation: 7% Pearl Tam John Karagiannidis Matthew LeQuelenec Ivey Society, Founders’ Ivey Society, Benefactor Ivey Society, Benefactor Josephine CH Teo Sarah Kirzinger Aaron Minoncha Circle Anish Makim Chris & Corina Guillon Mike Terrigno Michael Lai Doug Parent The Staffen Family: Eliza O’Neil James Obright Rob, Sharon, Julia, Helen & Bryce Tigert Edwin Lee Stephen Stewart Peter Sang Ng Other Annual Fund Matt & Candra Francis Vanden Hoven Jon Shell Chris Lumley Contributors Ivey Society, Deans’ Circle Charles & Sylvia Walker Other Annual Fund Marcelo Mellicovsky Anonymous Anonymous MBA 2009 Contributors Janice Wranich Jenny Qin Andrew Bartley 5th Reunion Social Ivey Society, Benefactor Dion Yungblut Anonymous Kelsey & Andrew Ramsden Trevor Davison Committee: Matt Anonymous Busbridge, Kevin Callahan, Anonymous Laura Rietveld Lisa Dymond (Wiens) Kathryn Archer & Sam Patrick Farrell, Justin Porter, Raj Aggarwal Ramadori MBA 2004 Dan Shadd Min He Chris Lau, Stephanie Storie Rebecca Anas Jean-Pierre Boudrias 10th Reunion Social Raymond Shiu Paula Schutz Fundraising Committee: Robert Anthony Committee: Edwin Lee Chris Lau, Erin McFeetors, Sean Brown Matthew Simpson Shawn Luo Fundraising Committee: Charles Newton Price Hanna Ayyad Benjamin Tan Shane O’Farrell Sheldon Chychrun Dan Barnholden, Neville Brian Balkwill Total: $8,850 Jacob Noah Matthew Dastoor, Steve Hansen, Shannon & Arjun Taneja Delia QiaoDi Pan Participation: 7% Coveyduck Arpad Barabas Kelsey Ramsden Martin Toner Lina Stinnes Ivey Society, Patron Dil Grewal Lori & Michael Berkson Total: $67,400 Craig Trendel Kenric S Tyghe Hugh McMullan James Kao Kristine & Sean Brown Participation: 15% Philip Yuzpe Chen Yang Ivey Society, The First Michael Quinn Rachel & Ewen Cameron Ivey Society, Founders’ Decade Society Circle Dan Vickery Ewa Cegielski-Wagner Heather Tobin & Jonathan Blackburn Family MBA 2005 MBA 2007 Other Annual Fund Jacqueline Chapman (nee Belair Contributors Newall) Ivey Society, Patron Total: $12,453 Total: $6,364 Christopher Lau Anonymous Sumit Chowdhury Larissa Chaikowsky Participation: 11% Participation: 5% Other Annual Fund Anonymous Bogdan Comanita Sean Naylen Ivey Society, Patron Ivey Society, Benefactor Contributors Anonymous Jim Crooks Ivey Society, Benefactor Mike McKenna Bala Gopalakrishnan Jamie Biggar Anonymous Lori Darlington Anonymous Ivey Society, Benefactor Darwin Smith Matt Busbridge Anonymous Claudio De Vincenzo Anonymous Jared Bettridge Vijay Viswanathan Kevin Callahan Nima Alborz Alison Empey Anonymous Christopher Cowan Ivey Society, The First Karen Cheung Decade Society Maral Ashdjian Kathy Engle Anonymous Tineke Keesmaat & Neville Jonathan Goldberg Dastoor Jonathan Belair & Heather Irina Brinza Leonard Firkus Daniel Barnholden Shafeen Mawani Other Annual Fund Tobin Stephen Fitzpatrick Amy Cairncross Ashish Chaturvedi Contributors Kamana Tripathi Steven McClelland Marc Foran Sebastian Choquette Sean Chaudhry Anonymous Other Annual Fund Stuart McCurdy Colla Family Christopher Godwaldt Neville Dastoor & Tineke Anonymous Contributors Erin McFeetors Keesmaat Walter de Torres Colin Gorling Mike Brydson Frank Callele Michael Myre Kamal Gautam Paul Fitzpatrick Jennifer Hanniman Paul Chapman Riccardo Cosentino Charles Newton Price Steven Hansen Deanna Foell Salman Hirani Kyle Chow Jacqueline Green Jennifer Nowski Timoth Haslett Ioannis Foufas Robert Jacques Adam Dean Kara Hunter Sam La Bell Shannon Grogan-Konikow Xiaoyan Ji Graham Eisenhauer Michael Liebrock MBA 2010 Joseph Lo Julie Hill-Phillips & Jason Jean-Philippe Leblanc Suraj Raythatha Greg Grant Total: $2,783 Phillips Heidi Li Lee Merovitz Krista Schiestel Matthew Hall Participation: 8% Robyn L Hochglaube Larry Lin Other Annual Fund Ilana Valo & Dr Josh Contributors Lora & Dylan Hardy Ivey Society, The First Mike Israel Silvertown Joanna Lipfeld Decade Society Anonymous Mark Healy Deland Jessop Peter Sobczak Spencer Low Peter Lowas Anonymous Andrew Kennedy & Duska Gareth Morgan Haiping Sun Hratch Manavian Kennedy Other Annual Fund Anonymous David Murray Mark Manley & Ainsley Jackie Kwong Leung Contributors Anonymous Geoffrey A Pollock Simmonds Robert & Amanda Levine Noor Al-Koutoubi Anonymous David B Shepard Stephen Martin Christian Milbourne Sasha Bhan Anonymous Shawn Melito Sidharth Misra Adam Bortolussi

26 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle $2,500–$4,999 Patron $1,000–$2,499 Benefactor $100–$999 The First Decade Society

Ibrahim Dossani MBA 2013 Andrew Bell MSc 2013 Diane Edgeworth Morgan Bickerdike Total: $3,248 Ivey Society, The First Derrick Fournier Whitney Caelers Participation: 20% Decade Society Brandon Gerson Yewei Chen Ivey Society, The First Anonymous Ryan Goren Decade Society Hayden Chen Carolyn Burns Sean Grasby Anonymous Lou-Yee Chiang Noeleen Saldanha Daneen Krinke Anonymous Dennis Chow Victor Xu Kristine Lowas Anonymous Nicholas Cifelli Other Annual Fund Peter MacEwen Nondini Chakrabarti Hui Dong Contributions Jonathan Smithson Sharon Chiu Gad Elharrar Kevin Doodnath Bradley Wamboldt Jeremy Foley Andrew Godfrey Jing Wang Jenny Fung Sergio Gomes MBA 2011 Ajay Gopal Lifeng Guo MSc 2014 Isha Halder Total: $2,410 Apoorv Kamra Ivey Society, The First Charles Hechema Decade Society Participation: 7% Karim Lallani Christopher Jackson Kate Chazan, MSc ’11 Ivey Society, The First Yongliang Li Decade Society Andrea Lobo Gerrit Kamps Juliana Faircloth, HBA ’14, MSc ’15 Matt Ambrose Clarke Markle Riaz Khalil Fei Ha Lau, HBA ’14, MSc ’15 Neha Kalwani Kristian Medri Anshul Khanna Noleen Saldanha, MSc ’12 Katie MacInnis Robert Mikulec Sagar Kolli Other Annual Fund Charles-Edouard Morin Mindy Lau Contributors Smruti Patel Andrew Lee Steven Bowles Hammad Rawra Tammy Lui Diana Di Luca Ryla Sandor Max Mantha Victor Diab Steven Szekeres Sandeep Mascarenhas Razy Farook John Trikola James McGarragle Rebecca Hogan Hafiz Vellani Kathryn McIntosh Andrew Isaac Derrick Wong Kevin Minas Greg Tiu Other Annual Fund Sanchit Mittal Caleb Young Contributors James Zachary Pryor Anonymous Adam Ramm MBA 2012 Akash Mayur Drew Rankin Total: $2,855 Shane McAdam David Schefter Participation: 11% Justin Salsberg Chander Sharma Ivey Society, Founders’ Bradley Stewart Anjali Singh Circle Priya Trivedi Christopher Snow Christine & David Wood Hugh Soong Ivey Society, The First MBA 2014 Cornell Tanaka Decade Society Jazmine Tong Shady Ghattas Total: $12,791 Prernna Varma Vivek Kalwani Participation: 44% Monik Vora J P Mackay Ivey Society, Founders’ Circle Johnny Wan Alexandra McMurray The Staffen Family: Charles Wong Dalene Santos Rob, Sharon, Julia, Catherine Yi Siddarth Subramani Matt & Candra Sophia Zhao Other Annual Fund Ivey Society, Benefactor Other Annual Fund Contributors Richard Hilsden Contributors Khalil Bryan Darrin Marshall Arjun Datta Griffin Gettas Ivey Society, The First Peter Macnamara Mark Gilbert Decade Society Eeshan Paranjape Shilpa Joshi Elysha Altberg Tom Pickles Michael Kenigsberg Other Annual Fund Contributors Tyler Pridham Myra Khanna Anonymous Natalie Shield Nandana Kondur Ravikumar Anonymous Deborah Terayama Anonymous Sina A Zere Anonymous Kevin Barford M’Hamed Salim Belcadi

2014 IVEY ANNUAL REPORT | 27 EMBA & VEMBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

EMBA 1993 EMBA 2000 EMBA 2009 VEMBA 1998 Ivey Society, Patron Perry Lea Gino Lombardi Blaine Dalby Richard Clark & Laura Patricia & Chun-pong Ling Hugh McMullan Diane Gagner Gainey-Clark Frank Sartor Michel Myre David McElhanney Other Annual Fund Bruce Reid Nagib Premji Contributions Anonymous EMBA 2002 John Clark Sloan Ivey Society, Benefactor EMBA 2010 VEMBA 1999 Dan Vickery Ivey Society, Benefactor Ivey Society, Benefactor EMBA 1994 Other Annual Fund Lynda & Russ Bruch James Cunningham Contributors Ivey Society, The First Other Annual Fund Ivey Society, Founders’ M L Hukezalie Decade Society Contributors Circle Peter Askew Jacques Blais Janet De Silva Other Annual Fund Kathy Munro Other Annual Fund EMBA 2003 Contributions Patricia Sproat Contributions Anonymous Marius Dobre Janet E Heisey Claudio De Vincenzo Zack Fuerstenberg Gary Krikler John Mountain VEMBA 2000 Neeraj Garg Stanley L C Carr Sean Grasby EMBA 1995 Suzanne Gouin EMBA 2004 John Hodgins Anonymous Ivey Society, Founders’ Sahin Kirtavit Circle Anonymous Lawrence Tomlin VEMBA 2002 Blackburn Family Philip R Walsh Kelly Tryon John Scarfe Other Annual Fund Bradley Wamboldt EMBA 1996 Contributors Anonymous David Craig Doug Brown EMBA 2011 Malcolm Simmonds Lynette A F Hines Ivey Society, Benefactor Stephen E Coote EMBA 1997 EMBA 2005 Ivey Society, The First Decade Society Ivey Society, Founders’ Ping Yan Circle Al Leela Lana & Tim Hockey Other Annual Fund Contributors Ivey Society, Benefactor EMBA 2006 Matt Ambrose Claire Duboc Andrew Bartley Stephen Sandre David C Edwards Other Annual Fund EMBA 2007 Contributors EMBA 2012 Ivey Society, Benefactor Beth Shaw Paul Einarson Vince Cascone Bradley Evans Ivey Society, The First EMBA 1998 Decade Society Kelly Madden Derek Gould Nina Layla Chadha Jakob Nielsen Francesco J Misciio Other Annual Fund Vania Sakelaris Contributors Garth E Mitcham Sunil Talwar (HK) Stephen Bolton Andrew C G Wilkes Jeffrey Nelson EMBA 2013 EMBA 1999 Ivey Society, The First EMBA 2008 Decade Society Ivey Society, Founders’ Circle Ivey Society, Deans’ Circle Jasmine Kwan Eric Goldstrand Bonnie Brooks (HK) John Trikola Luc Vanneste Other Annual Fund Contributors Other Annual Fund Contributors John Pappas Michael Aniballi Randy MacMillan Normand J Landry Steven Rhind Cameron Moffatt

28 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels HBA $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle In recognition of their loyal support, donors who have $2,500–$4,999 Patron supported the School for five or more consecutive years $1,000–$2,499 Benefactor are listed in bold. $100–$999 The First Decade Society

HBA 1940 Ivey Society, Deans’ Circle HBA 1959 Peter Knoepfli Other Annual Fund Jane & Tim Marlatt Alan Querney Douglas Love Contributors Kenneth J Rich Ivey Society, Founders’ John Burton Other Annual Fund Circle Ian Lucas HBA 1971 Contributors Denton Miller Garry Dubecki The Mitchell & Kathryn Total: $45,286 HBA 1945 Judith Aikman Baran Family Foundation/ Ernest Steward Len Lee Trudell Medical Limited Participation: 12% Ivey Society, Benefactor John Johnston Peter Walter Marg & Ted Morrow Ivey Society, Founders’ Douglas Page Thomas H Brent Dave Pratley Lawrence Martello Circle Richard Tafel Gerald Hipple HBA 1963 Dr Henry Cheng Kar Shun Ivey Society, Deans’ Circle HBA 1968 HBA 1946 Anonymous Barbara Fraser & Ian Don Morrison Fraser Herbert Ballantyne HBA 1955 Ivey Society, Deans’ Circle John K Grant, OC J Allan Finlayson Ivey Society, Benefactor Glenn Jones Arkadi Kuhlmann Bob Blake Joseph Hofer Ivey Society, Patron Ivey Society, Benefactor Carl Woodward M Bruce Deans Ivey Society, Benefactor Fred Deacon David A Luck Hon Donald R Getty Gary Colter R Peter Gillin Ivey Society, Benefactor John Morris Other Annual Fund Douglas L Derry Other Annual Fund RG McNeill FCA HBA 1947 Contributors Ronald Rhodes Contributors David Fotheringham Ivey Society, Founders’ Anonymous Other Annual Fund John W Chandler, QC Gary West Circle Contributors HBA 1964 Ted Gordon Dr Richard M Ivey Edward Y Baker Other Annual Fund HBA 1956 Ivey Society, Founders’ Contributors Dave Prentice Other Annual Fund Roderick Evan Brown Circle Bruce B Craig Terry Russell Contributors Anonymous Charles Kimball Thomas A Hickey Lynn Glenn Norman Thomas Robert Beacom Ronald Collyer W C Wood Foundation Joseph O Sinclair Hugh John Cook Ivey Society, Benefactor HBA 1960 Ron Weber HBA 1972 Shirley & Bill Eichenberg HBA 1950 Frederick A Beattie Ivey Society, Founders’ Total: $16,866 Mary McGee Ivey Society, Benefactor Circle Other Annual Fund HBA 1969 Participation: 5% Richard Sharpe Darrel McLaughlin John R Currie Contributors Ivey Society, Founders’ Edward D Anderson 45th Reunion Social Other Annual Fund Ivey Society, Benefactor Circle Contributors Committee: Nigel HBA 1957 Anonymous Bellchamber Richard W Ivey Kenneth Belbeck Ivey Society, Founders’ Other Annual Fund HBA 1965 Fundraising Committee: Ivey Society, Deans’ Circle Herbert McKegney Circle Contributors Gilles Ouellette, Russell Ivey Society, Founders’ Douglas D Greaves The Late William & Patricia Robert Bosworth Circle Robertson Ivey Society, Benefactor Wood John D Fergusson Denyse Chicoyne & Serge Total: $30,610 HBA 1951 Bob Schram Ivey Society, Benefactor Justice B T Granger Gouin Participation: 13% Ivey Society, Benefactor Other Annual Fund Robert Innes Ivey Society, Benefactor Ivey Society, Founders’ Jean & Ken Harrigan John R Hall Contributors Ronald Poth Ian R Campbell Circle Herbert Stein Dr & Mrs John A M James Evans Other Annual Fund Humphrey Ron Clark Gilles G G Ouellette John Needham Other Annual Fund Contributors Ivey Society, Patron Contributors John Ricketts Allan Jackson Paul Condon Russel Robertson Fred Bradley J Jackson Tyson Edward Kernaghan J Robert Cowan Ivey Society, Benefactor HBA 1973 Edward Miliken Robert Violette Paul Williamson Donald Dickison David Moser Total: $34,650 Chuck Noltie Other Annual Fund Donald Durkee HBA 1961 Contributors Other Annual Fund Participation: 10% John H Hayes Anonymous Contributors Ivey Society, Founders’ Ivey Society, Benefactor Circle HBA 1952 Dr Allen F Herrington Monica & John Carr Nigel Bellchamber Richard Innes Peter B Gudewill Elmer Campbell Janis Jente John Carter J L Michel Gratton Donald Gibson Other Annual Fund Harold Hutner Darlene Vincent William Kritsch Contributors Jack & Cyn Cronkwright Bill Louth Ivey Society, Benefactor The Donald & Marilyn Anonymous Michel David Noble Family Fund Don Darroch Peter F Hancock Robert Johnson HBA 1970 Robert Shields Jim Howe HBA 1953 Brock Pilkey James D Keenleyside Total: $136,900 Charles Wells Gerard P Murphy Ivey Society, Deans’ Circle Participation: 18% Rob Reynolds Cameron Calder HBA 1966 Ivey Society, Founders’ HBA 1962 Circle Other Annual Fund Other Annual Fund HBA 1958 Ivey Society, Founders’ Anonymous Contributors Contributors Ivey Society, Benefactor Susan Vogt & Joel Robinson Circle Fredrick Brooks-Hill Bruce D Barton Roger Doe Geoffrey Clarkson Ivey Society, Deans’ Circle Larry Shaw Kenneth Hord Michael Hayes John & Anne Moffatt Douglas M Reid Anonymous Ivey Society, Benefactor Richard Lettau Don Ridpath Joan E Truemner John K Bell Other Annual Fund Robert Fenn Contributors Robert D Crockford P Gordon McArthur Justice Edward R Browne HBA 1967 Other Annual Fund HBA 1954 Richard Thorpe David Eng Ivey Society, Founders’ Contributors Ivey Society, Founders’ Other Annual Fund Circle Larry Adamson Circle Donna McDonald Contributors Marsha & Aubrey Baillie Robert Gibson Gerald Knowlton John F Sloan Patricia Badeen Gary Barnes Brian Domelle Paul Murray Robert Stanley Burns Rick Fiebig

2014 IVEY ANNUAL REPORT | 29 HBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

HBA 1974 James White HBA 1978 Donald Lang Anonymous Ivey Society, Benefactor Jackie & Steve Wilkinson Steve Lear Louise Adams Dan Mida 40th Reunion Social Total: $29,187 Gerard Williams Robert J Proud Stephen Foerster Mary Robertson Committee: Patrick Participation: 7% Crowley, Lee Sienna The Staffen Family: Rob, Patricia Gass Lolly Santos & Mark Verdun Ivey Society, Founders’ Sharon, Julia, Matt & Fundraising Committee: HBA 1975 Circle Keith Glide Other Annual Fund Patrick Crowley, Matthew Candra Dan Granger Contributors Hannon, Brian Jones, Total: $5,250 Dean Connor Ivey Society, Deans’ Circle Michael Browne Hugh MacDiarmid, Gary Bonnie Grundman Participation: 3% Ivey Society, Patron The Glynn Family Macdonald, Michael Jeff Hill Kasia Czarski Schwenger, Bruce Shirreff, Ivey Society, Patron Barbara G Stymiest Ivey Society, Benefactor Eric I Johnson Robert Fish Lee Sienna, John Vander Mac Van Wielingen Ivey Society, Benefactor Rob Bracey Hoeven, Rod White Herald Krimmer Robin Hibberd Other Annual Fund Judith & John Cooperman Cheryl Davidson Total: $310,150 G Bruce McFee Contributors Other Annual Fund S Pennock Peter Irwin Paul Methot Participation: 31% Brian Foster Contributors Lisa & Stuart Penny Jim Leech & Deb Barrett Ted Newell Ivey Society, Founders’ Ian JF McSweeney Carl Baker David Robison Circle Steven Sims Robert Duncanson Ken Shaver David O’Neil Anonymous Other Annual Contributors Gilles Gagnon David Smith Doug Welsh Lino (Lee) Sienna HBA 1976 Anonymous Richard Russell Ernie Spraggs John Wu Ivey Society, Deans’ Circle Total: $61,450 Anonymous Robert E Simpson David Town Warren Yu Patrick Crowley Particpation: 12% Anonymous Jane Yates Hugh MacDiarmid Ivey Society, Founders’ Anonymous Circle HBA 1979 Jim Zalusky HBA 1984 Michael Schwenger Gordon Avard The Latta Family: Heather, 30th Reunion Social Ivey Society, Patron 35th Reunion Social Bruce Barber Fraser, Jennifer & Committee: Perry Jeffrey Committee: Gord Townley Anonymous Alexandra Sandy Kemp HBA 1982 Total: $91,945 Total: $67,350 Ihor Kots Total: $82,949 Bill Morris Jon Love & Nancy Participation: 15% Yeomans Love Participation: 13% Theresa & John Vander David J Markle Participation: 11% Ivey Society, Founders’ Ivey Society, Founders’ Hoeven Kao Ying Lun, John Ivey Society, Founders’ Circle Brian Martine Circle Rod & Sharon White W Allan MacEwen Circle Michael McCain Douglas L Moody Andrew Au Ivey Society, Benefactor John H Simpson Rosamond Ivey Doug McGregor Edward Piwkowski George A Cope Greig Clark Ivey Society, Benefactor Roland T Keiper Michael Rolland Michael Rupar Carolyn M H Cross Matthew S Hannon Silvio Di Gregorio Kyle MacDonald Patrick Weber & Marti Doug Warwick Ray G Young Ivey Society, Deans’ Circle Adrian A Herschell Other Annual Fund Morfitt Ivey Society, Patron Contributors Christine A Magee (Bishop) Brian W Jones Ivey Society, Deans’ Circle HBA 1981 Alec W G Clark Anonymous Ivey Society, Benefactor Maureen & Richard Jones Shelagh Donovan & Total: $158,876 David Montanera Zbig Biskup Michael Boyd Patrick Horgan Jay Robinson Ivey Society, Benefactor John Komisar Participation: 31% Bruce Shirreff Ivey Society, Patron Fraser Johnson Ivey Society, Founders’ Anonymous Rob Orser Randolph Dietrich Randy Rutherford Philip Unger Circle Don Bailey Harvey Taraday Roland C K To Other Annual Fund George Vallance Melissa & Scott Beattie Contributors Carolyn E Horan Ian Vasey Ivey Society, Benefactor Mac & Chricket Yule Stewart C Burton Anonymous Stephen Hughes Lorne Siebert Other Annual Fund Jill & Dan Devlin Paul Badeski Pamela Jeffery Contributors Other Annual Fund HBA 1977 Jeffrey Orr & Suzanne Lone Star Group - Nils Anonymous Contributors Kerri Golden Total: $21,940 Legge Kravis Peter Ballantyne & Margot Robb Hindson Anonymous Tim MacDonald Gino Martone Participation: 9% Howard Anonymous Thomas Hinton Ivey Society, Founders’ William J Quinn Vithia Saing & Tony Meehan Barbara Lonergan-Byers Christine MacInnes Anonymous Circle Michael G Tevlin Brent Trepel Keith McEachern Bernard A Ockrant Lowell & Cathie Auger Sam Gudewill Ivey Society, Deans’ Circle Other Annual Fund Ann Sutherland Frank W Siekmann Jo Barrington Other Annual Fund Jacqueline Love Wilson & Contributors Paul Switzer David Eagles Contributors Scott Wilson Anonymous Lorraine Trotter & Mike Anonymous Ivey Society, Patron Anonymous Scott Irwin Bruce HBA 1983 Anonymous Kathleen & Ron Close Rob McClelland Rick Lane Douglas Wall Total: $61,955 Lance R Babcock Bryan Pearce Lee St James John A Leitch Mark Winson Participation: 14% Howard Bigham Brian Stock Ann MacDiarmid Andrew C Zsolt Ivey Society, Founders’ David L Mayhew Georges Houde Ivey Society, Benefactor Circle HBA 1985 Eric Jones Anonymous Andrew Barnicke John McKay HBA 1980 Total: $25,000 William Kiff Peter Coward William J Jandrisits John D McRae Participation: 13% Total: $65,015 Mary Killoran Trudy Nixon-Fahie Jane & Michael Lay Charles Pickard Ivey Society, Founders’ Participation: 20% Shirley Roberts Stephen Wilson Joanne Porter-Tikkanen & Ivey Society, Deans’ Circle Circle Ivey Society, Founders’ John Tikkanen Philip Wisener Anonymous Scott & Janet Clark Gord Scott Circle Other Annual Fund James A Sergeant David Wright Peter P Cohos Contributors Mark M Cowie & Alexandra Anonymous B Cowie Anonymous

30 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle $2,500–$4,999 Patron $1,000–$2,499 Benefactor $100–$999 The First Decade Society

Ivey Society, Patron Jeff Weiss Susan Kurtz Ivey Society, Deans’ Circle Robert Lombardi HBA 1994 Linda & William Quinn Bradley Wiley Marc Mann David P Dal Bello Susan Lucas 20th Reunion Social Doug & Alexa Murphy Roger G Young Paul Rogers Ivey Society, Benefactor Thomas Pressello Committee: Jeff Bell, Ivey Society, Benefactor Lisa Sanders Christopher A Lane Ainslie Simmonds & Mark Andrea Poptsis, Angie Roussel, Krista Wylie, Lynda & Russ Bruch Sandra Sanderson James Barltrop & Manley HBA 1987 Kieran Young Lisa Pankratz Darrell Wheeler Kimberly Facca Sukhinder K Singh Cassidy Total: $94,831 Fundraising Committee: Loris Lazzer Stephen Taran Bruce Rothney & Lisa Bill Balassone, Nancy Participation: 16% McCuaig Rothney Bradley Radin Bertrand, Geoff Barratt, Ivey Society, Founders’ HBA 1989 Ann & Sean Shannon Other Annual Fund HBA 1993 Kieran Young Circle 25th Reunion Social Other Annual Fund Contributors Total: $37,223 Lisa & Darin Deschamps Committee: Glen Farrow, Total: $34,420 Contributors Esther Benzie & Mark Participation: 14% Nicole Haggerty Peter Sucharda & Cynthia Phillips Participation: 25% Catherine Addison Ivey Society, Deans’ Circle Devine Fundraising Committee: Kelley Dalton & Kevin Ivey Society, Deans’ Circle J Atha Scott Bere, Dan Bubis, Mike William Balassone Dino A DiCienzo Dalton Yolanda & David Campbell Philippe Bergeron Emery, Michael Hill, David Ivey Society, Benefactor Peter Grosskopf Ogden, Michael Pun Christina de Vries Andrea & Kevin O’Brien Ben Butler Anonymous Tom Flynn & Cathy Total: $117,625 Andrew Idzior Ivey Society, Patron Stephen Dewis Hampson Anonymous Participation: 16% Michael J Voskuil David J Pennington Rhonda English Ivey Society, Deans’ Circle K Geoffrey Barratt Ivey Society, Founders’ Gregory D Smith Joanne Evans Anonymous Circle Andre Barrett HBA 1991 Ivey Society, Benefactor Steven Noble Alan Sellery Daniel Bubis Nancy & Pierre Bertrand Total: $18,957 Shawn Aspden David Postowoj Peter Samson & Cathy Michael Hill Bryan Carlson Williamson Participation: 10% Dr M Kathryn Brohman Jordan Rose Ivey Society Deans’ Circle Ryan Gledhill Ivey Society, Benefactor Ivey Society, Deans’ Circle Scott & Alison Cooper Douglas Stirling Scott G Bere Melissa Kruyne Bill Jack Teresa Ho John McNain Michael W Pun Peter Wilcox Todd McCuaig Mark Lewis Michael Klinck HBA 1986 Ivey Society, Patron Kieran Young Chrissy Pigeon Steven R Meston Ivey Society, Benefactor Other Annual Fund Total: $81,645 Michele Calpin Other Annual Fund Anonymous Cheng-Yi Tong Contributors Participation: 21% R Andrew De Pass Contributors Kimberly Facca & James Other Annual Fund Anonymous Ivey Society, Founders’ Mike Emery Contributors Anonymous Barltrop Anonymous Circle Brad Rome Anonymous Anonymous Other Annual Fund Anonymous Paul J Atkinson Ivey Society, Benefactor Contributors Anonymous David Gold Bruce Campbell John A K Francis Joelle & Sante Corona Anonymous Rob Biehler Kurt Hausen Chanda Carr & Peter Tom Flynn & Cathy Nicole Haggerty Gus De Franco Stephanie Brooks Giacomelli Hampson Sherri Laurie (Taggart) Robbie Mason Mark Layne Michael Carleton Glenn Cressman & Sarah Glenna & Richard Talbot Stuart A Morris Jamil Nazarali Rosemary Li-Houpt Jeffrey W Chemeres Colman Ivey Society, Patron Barton Rowe David Ogden Shelly Markel Brent Choi Donald Hutchison Angie & Tony Francolini Mike Seliga James Salem Greg Schinkel Jeremy Cole Mona & Kevin Malone Theresa & Robert Scullion Errol Soriano Sara & Mark Waldron Angela Schneider Trevor Currie Andrea Poptsis Peter Simon Robert Stark Robert Wortzman Isabelle Trempe Brent Currie Angela Roussel Ivey Society, Benefactor Other Annual Fund Karina Eichenberg Francis Vanden Hoven Carmen Edgell HBA 1988 Contributors HBA 1992 David Fabian Karin Wiens Denise C MacDonald Total: $47,962 Monika Carmichael Krista K Wylie Total: $32,484 Andrew Fletcher & Family Mike Thorfinnson Participation: 12% Alex Dey Participation: 14% Nicole Da Silva-Jones Jamie Ziegel Ivey Society, Founders’ Charles Evans Circle Ivey Society, Founders’ Antoni Krajewski HBA 1995 Other Annual Fund Anita & Glen Farrow Circle Contributors Brett Barakett Cynthia Mar Total: $6,614 Brent Hubbs Mark Shuper Anonymous Doug Guzman & Sheila Pauline Martin & Family Participation: 9% Adam E Newman Anonymous Brown Ivey Society, Deans’ Circle Tina & Laird McLean Ivey Society, Benefactor James Verwaayen Brian Denega Ivey Society, Patron Karen A Crich Paula Puddy Peter Giacomelli & Katie Bennett (Zemla) Jim Dol Allan Drewlo John B Simcoe Gordon Sandford Chanda Carr Ivey Society, Benefactor Ivey Society, Benefactor Glen Webster Peter Kalen Michael Glionna HBA 1990 Hugh Hamilton V Craig Duff John Loh James R Witmer Derek McGeachie Cheryl I Leonhardt Jamey Gage Total: $91, 865 Judy L Riege Other Annual Fund Contributors Jennifer McNaughton Karen Young Participation: 12% Mark Runstedler Anonymous Thomas O’Brien Other Annual Fund Ivey Society, Founders’ Other Annual Fund Contributors Circle Contributors Alastair Caddick Alison Ryckman Anonymous Greg & Tracy Guatto Anonymous Nicholas Cheung Kelly Smith Anonymous Lisa & Guy Metcalfe John Davis Jeff Hendry Trish Sullivan Paul Ablack Jacqueline & Michael Amanda Freeman Ellen Jarmain Adrian Van Monsjou A R Wilson Marina Brock Stephannie Larocque & Derek H C Mah Scott Griffith Anita & Glen Farrow Rob & Sandra Montanino Paul Takasaki

2014 IVEY ANNUAL REPORT | 31 HBA, DBA & PhD In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

HBA 1996 David P Lafond Trevor Hand Other Annual Fund Peter MacEwen HBA 2009 Ryan Poissant James Kay Contributors Dirk Propfe Total: $14,650 5th Reunion Committee: Scotty Vanderwel Rebecca Nelson Anonymous Anton Vidgen Participation: 12% Amy Childs, Rita Choi, Lisa Anonymous Kimberly Yeung Kendrick, Justine Janssen, Ivey Society, Deans’ Circle Matthew Burbridge Jackie Lee, Taryn Lipschitz, HBA 1999 HBA 2002 Catalina Lopez, Chris R Luke Seabrook Robert Cherun Stefanyk 15th Reunion Social Total: $6,198 HBA 2007 Ivey Society, Patron Pamela Draper Total: $7,470 Committee: Melanie Participation: 6% Total: $3,445 Tasha & David Rawlings Ebrahim El Kalza Cooper, David DeNoble Participation: 3% Ivey Society, Benefactor Participation: 4% Kevin Williams Jacqueline Green Fundraising Committee: Ivey Society, The First Anonymous Ivey Society, The First Ivey Society, Benefactor John Bayliss, Stuart Elman, James Guttman Decade Society Decade Society Robert Levine Jeff & Amy Baryshnik Anonymous Ahalya Kumaran Amy Childs Jeff Greenspoon Total: $30,725 Daniel Goldberg Richard Kim Sohail Lalani Catalina Lopez & Saul Alexandra McMurray Participation: 8% Other Annual Fund Other Annual Fund Jason P Mallory Simonavicius Contributors Ivey Society, Deans’ Circle Contributors Olivia & Matthew Sobczyk Jordan Martens Joel D Read David Brebner Saulius Simonavicius & David Burnie Leanna & John Bayliss Kyle Ruttan Aaron Minocha Catalina Lopez James Brooks Michael Mah Ivey Society, Benefactor Michael White Seth Ross Other Annual Fund Paul Chapman Kate McQuillan Lee Merovitz Contributors Other Annual Fund Pav Dharwarkar Contributors Jonathan Minsky Other Annual Fund Stefanie & Michael Block Contributors Eliot Freeston HBA 2005 Anonymous Sandro Morassutti Denise D’Avella Melanie & Ted Cooper Erin Huff Total: $2,270 Anonymous Karin Mueller Vivek Kalwani Jim Crooks Kara Hunter Participation: 4% Lee Berger Darren O’Halloran Lorcan Kilmartin Stuart Elman Parneet Sheema & Nick Ivey Society, Benefactor Rita Choi Mark Richards Philip Lacombe Koutsoukis Valerie & Bernard Foster Amy & Jeff Baryshnik Rob Gavin Jennifer Samarzija Jonathan Pelosi Nick Kuzyk Lindsay Holtz Mark Laing Justine Janssen Martha & Dirk Schrader Andrew Rapsey Suraj Raythatha The Hunter Family Other Annual Fund Paul Jun Ruth Teng Jaclyn Mascarenhas & Contributors Robert & Amanda Levine Lisa Kendrick HBA 1997 Jason Thacker Colin Bogar Eero Traagel Joanna Lipfeld Catalina Lopez & Saul Total: $11,750 Eric Plesman Julie Cassidy Simonavicius Participation: 8% Dan Shadd HBA 2003 Jeffrey Formanek HBA 2008 Jan Machowski Ivey Society, Founders’ Phillip S Swartz Total: $2,100 Devon Leckie Total: $1,728 Clarke Markle Circle Charles & Sylvia Walker Participation: 4% Aaron Minocha Participation: 4% Adam Pieczonka Christine & David Wood Ivey Society, Benefactor Jonathan Paul Ivey Society, Founders’ Scott Reaume Ivey Society, Deans’ Circle Circle Anonymous Louise Pool Ryan D Riese Ryan Finch HBA 2000 Other Annual Fund Michael Shour The Staffen Family: Rob, Total: $3,440 Ivey Society, Benefactor Contributors Sharon, Julia, Matt & Participation: 7% Candra HBA 2010 Joseph Lo Anonymous Ivey Society, The First Eliza O’Neil Ivey Society, Benefactor HBA 2006 Total: $2,873 Anonymous Decade Society Santosh N Prasad Tim Hoyland Total: $5,798 Participation: 3% Anonymous Jenny Fung Other Annual Contributors James Obright Participation: 6% Ivey Society, Benefactor Cindy Chan Alison Moreau Darren Henderson Other Annual Fund Ivey Society, Founders’ Anonymous Andrew & Bill Parkes Circle Natalie Shield Contributors Ivey Society, The First Connie & Key Kasravi Andrew MacNiven Jeffrey Brown The Staffen Family: Rob, Other Annual Fund Decade Society Louise Malhotra Elizabeth Spence Sharon, Julia, Matt & Contributors Cristina Bardorf Brad Cheng Candra Greg Secko Ilana Valo Anonymous Other Annual Fund Andrew & Duska Kennedy Ivey Society, Benefactor Martin Toner Anonymous Contributors The Kothari Family Frances & Chris Cruz HBA 2004 Robert Davis Amanda Armstrong Chris Lumley Ivey Society, The First HBA 1998 Nathalie Hull Aaron Bains David Resnick 10th Reunion Social Decade Society Committee: Matthew Vishwath Kumar Jory Cohen Total: $31,552 Anonymous Burbridge, Diana Chan, Robert Mikulec Participation: 8% Ashley Kennedy Jenni Denniston, Jordan Other Annual Fund HBA 2001 C Maxwell Torokevi Ivey Society, Founders’ Martens, Jennifer Semley Contributors Andy Krystal Total: $2,000 Circle Robert Anonymous Matthew Unruh Simon Lam Participation: 5% Zaheeda & Nav Rahemtulla Fundraising Committee: Christie Bartram Charron Stephen W Wyprysky Natalie Mittler Ivey Society, Benefactor Ivey Society, Benefactor Candice Carson, Jenni Denniston Adam Bortolussi Justin Salsberg Aindrea Cramp Julian Ovens Total: $7,355 Sarit Chandaria Edan Twena Other Annual Fund Matthew F Sheahan Michelle Dunkel Dale Zhang Contributors Participation: 4% Other Annual Fund Derrick Fournier Contributors Anonymous Ivey Society, Benefactor Johnathan Gibson Patrick Ryan Bend Anonymous Jeff & Amy Baryshnik Jonathan Goldberg Alexander Makrygiannis Ram Amarnath Liz Butler David Goldstein Mark Murski Ethan & Maly Bernstein Raymond Ling William Hennessey Matthew Nicholls Neal & Lindsay Costello Karin Koopmans

32 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle $2,500–$4,999 Patron $1,000–$2,499 Benefactor $100–$999 The First Decade Society

HBA 2011 Steve Wellman DBA PhD Ross Yellowlees Total: $2,316 Ivey Society, Benefactor Ivey Society, Benefactor Other Annual Fund Participation: 3% Contributors Fred Berlet Dr M Kathryn Brohman Ivey Society, The First Brianna Peniuk Miguel Fernandez Nicole Haggerty Decade Society Brandon Aitken Other Annual Fund Fraser Johnson Matt Hyland Contributions Laura Magisano Other Annual Fund Jenessa Miglietta Anonymous Contributions Anisha Mehta Ian Rosen Anonymous Anonymous Hermione Shou Other Annual Fund Andrew Billingsley Anonymous Cody Stein Contributors Lawrence Blaine Neil Abramson Wesley Thomas Anonymous Bill Davis Chris Bart Holly Whitnall Meredith Bacal Donald Grossman Tripti & Arjun Bhardwaj Michael Burnett Harold McGinn Bill Blake Ryan Chang HBA 2014 Robert J Nicholl Nicholas Close Merv D’souza Total: $2,093 Bob Smyth Rosaire Couturier Sukhbir Singh Grewal Participation: 5% Nunzio Spino Angie & Tony Francolini William Meneray Ivey Society, The First David Torrey Bernard Garnier Decade Society W Bruce Wilson Rebecca Grant & David HBA 2012 Graham Cowan McCutcheon Juliana Faircloth Dr Jacques Grise Total: $2,520 Yuri Flaherty Andrew Inkpen Participation: 3% Zhengchong (Michael) Gu Dominic Lim Ivey Society, The First Decade Society Lisa Hui Charles Mossman Anonymous Mohsin Khandwala Daniel Szpiro Emily Gilmour Fei Ha Lau Michael Mitchnick Kaitlyn Lee Kelly Panes Connor Lyons Tomislav Strk Emily McClure Other Annual Fund Matthew Muldoon Contributors Sameer Rabbani Anonymous Kevin Russell Nick Lamont Rui Wang Adam Leibel Candice White Jamie Lipson Shannon Wright Eric Mercer Other Annual Fund Michael Mescia Contributors James Moss Anonymous Craig Neville Anonymous Jame Simon Antonie Furlani John Wu James Hammond Willie Zhao Adam Hincks Jeff Hynes HBA 2013 Alexander Keszthelyi Cindy Liang Total: $2,473 Watson Lin Participation: 4% Yongjian Lu Ivey Society, The First Decade Society Jonathan Ngo Eliot Fenwick Matthew Smart Pooja Jain George Wong Samantha Lastman Fabienne Lee Wendy Liu Mathew MacFayden Corey Rochkin Matthew Ryan Jared Schachter Tomas van Stee Madeleine Venn-Mitchell

2014 IVEY ANNUAL REPORT | 33 Faculty, Staff & Friends In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Faculty, Staff & Aindrea Cramp Willis Michael Krieger Friends The Cuddy Family Joanne & Paul Woolford Kenneth Kristoffersen Braden Douglas Harry Zarek Mark Lash Ivey Society, Founders’ Susan & Ross Douglas Other Annual Fund Stan Leibner Circle Contributors Pierre Doyon Alicia Li Anonymous Anonymous Christian B Fabi Nora Livingstone The Mitchell & Kathryn Anonymous Baran Family Foundation/ Frac Shack Inc Justin Low Anonymous Trudell Medical Limited Muneer Gilani Robert MacGillivray Anonymous Ralph M Barford Gilbert Smith Forest Peter Macnamara Products Ltd Anonymous The Estate of the Late Oliver Mahdavi William Bessent Rob Gingras Anonymous Jeff McCord Nani & Austin Beutel Golden West Broadcasting Anonymous Stephen McIntosh Ltd David James Cohen Anonymous Elizabeth Menzies Grason International Richard M Ivey Family & Anonymous Ivey Foundation Sourcing Rae Milberg J Byron Adams The Jean C Monty Family Andrew Grindlay Edwin Minas Valerie E Arlette The Wesley & Mary Nicol Nicole Haggerty Sam & Terry Minzberg Paula Bass Foundation Richard Hilsden Shellyna Moledina Justin Beairsto Hartley & Heather Hatem Jahshan Romel Mostafa Richardson Zack Belzberg Fraser Johnson Mary Palmateer Richardson Foundation Maria Benjamin Jumbleberry Interactive John Pickles Sidney Robinson Shannon Bowen-Smed Group Sarah Raiss Paul Seed Stephanie Brooks Philip Khazzam Rheal Ranger Joseph Shilon Alex Burgoyne TJ & Frank Killoran Kendra Reddy John & Melinda Thompson Greg Campbell Ho Kim Chris Renneboog William Shurniak Ann F Carswell Larry Konopski Charles Restivo W C Wood Foundation Shormila Chatterjee Randall Kraft Jeff Richardson Ivey Society, Deans’ Circle Melissa Chow Brian Kusisto Barbara Robertson Carole Fabris Connie Clerici & Israel Sanders Lee Rockford Tile Contractors Robert Kennedy Mendez LST Immobilier Diane Roy Carole Mitchell & Richard Kelly Cole Scott MacEachern Paul & Karen Seidman Venn Marcia J Condon Brett Marcoux Victor Shawn O&T Farms Ltd Danny Dalla-Londa Pierre Martell Cheryl Smith Abby Shawn Jim Davis McIntosh Perry Consulting E Louise Spencer Sun Light Foundation Engineers Ltd Christine M De Santis Geoffrey Stephens Ivey Society, Patron MNP LLP, Richard Sacks & Krishan De Silva Cailey Stollery Judy & Murray Bryant Barry Sacks Families Jeannette Eberhard Steve & Michelin Tait Catharine Buckingham Molinaro Group James A Erskine Wendy Tayler Windsor Pride – Run for Eric Morse Evan Ferguson Rocky on behalf of Rob & Mountain Equipment Co-op Stella Thompson Nancy Campana Ferus Inc Len Murray & Klohn Mary Townshend Alan Greenberg Sharon Flanagan Crippen Berger Abe Wang Manitoulin Transport Inc Sylvia Flewelling Muskoka Brewery Margaret Watson Lawrence M Tanenbaum Stephen Foerster Northstar Drillstem Testers Mary Weil Tim Walter Inc Brian Foody WFS Limited Rod & Sharon White Martin Parker Joni Frisz Matt Wickham Ivey Society, Benefactor Barry Remai Patrice Gale Jan Wiebe Sean Bailey Roman Investments Inc Terri Garton John & Connie Wiseman Beau’s All Natural Jeffrey Scott Holly Gati Mark Wolfe & Loretta Perrie Brewing Co David Shaver Rohit Gupta Dr Albert R Wood & Dr Wendy Benyk Darren Henderson John & Donna Simpson Vivian Wood Bison Transport Greg Howard Salit Steel Kasra Zahir Sylvain Boucher Timberland Equipment Sharon Irwin-Foulon Twee Brown Limited Laurie Iversen The Brown Group of Total Pet Mike Jacobs Companies Johannes van Leenen Joan Johnston Jeff Clark Cathy Vitkauskas Ryan Kang Conestoga Cold Storage Vollmer Inc Maureen Killoran Adam Cooney Wakefield Canada Brian Klaponski Carlene Watson Rob Klassen

34 | 2014 IVEY ANNUAL REPORT Ivey Society Leadership Levels $10,000+ Founders’ Circle $5,000–$9,999 Deans’ Circle $2,500–$4,999 Patron $1,000–$2,499 Benefactor $100–$999 The First Decade Society

In Memoriam Bequests Dr Leslie Bowd, MBA ’83 Rosamond Ivey, HBA ’82 Dr Sherry L Price, MBA ’73 Susan & John Bowey, Randall Jang, MBA ’77 J Wayne Rogers, HBA ’72 and In Honour Anonymous MBA ’73 Robert A Jennings William A Saunders, Anonymous Tom Brent, HBA ’59 Gifts Carol Johnston & Family MBA ’56 Anonymous Douglas G Brock, MBA ’61 GIFTS WERE MADE IN Jean & James Keenleyside, C John Schumacher, MEMORY OF: Anonymous Robert Brooks, MBA ’68 HBA ’65 MBA ’84 Neil Armstrong CM, HBA ‘49 Anonymous Charles W Brown, MBA ’83 Margaret A Kimball, HBA Ronald J W Simpson, MBA ’69 Robert R Buckberrough, Anonymous Geoff & Nancy Browne, ’60 HBA ‘74, MBA ‘78 Andrew Sloan, MBA ’03 Anonymous HBA ’77 Heather M Kitchen, MBA ’92 Douglas H Burgoyne, Susan A Carlyle & David G Anonymous Heather & Neil Campbell, Carol & John Kittredge, MBA ‘02 HBA ’82 MBA ’71 Southern, MBA ’86 Anonymous Elizabeth L Davidson Wendy Carriere, MBA ’83 Louis Lagassé, MBA ’73 The Staffen Family: Rob, Anonymous Sharon, Julia, Matt & Darcy J Doherty, HBA ‘87 Gaylanne Phelan & The Douglas M Lambert, Anonymous Candra Keith Johnston, HBA ‘57 Late Richard H Chenoweth, HBA ’69 MBA ’71 Anonymous MBA ’78 Carol Stephenson, O.C. Jose Kawai, MBA ‘04 Christopher H Lang, Anonymous Stephen E Coote, EMBA ’11 HBA ’64 The Late Robert O Stoner, David B Weldon, HBA ‘47 HBA ’56 Anonymous Linda & Randall Craig, The Late Honor F E Lemon Adam Wiseman, HBA ‘14 HBA ’86 Peter R C Story Anonymous Andrew G Lonseth, MBA ’80 Marie Darling, EMBA ’08 Eileen & Robert Stuebing, Anonymous David K Lowry, HBA ’64 MBA ’74 GIFTS WERE MADE IN Cameron B Davreux, Anonymous Duncan P Macgregor, HONOUR OF: MBA ’63 Lloyd C Swift, MBA ’72 Anonymous HBA ’64 Pierre L Morrissette, Filomena E de Sousa, M Mac Donald Templeman MBA ‘72 A MacDiarmid, HBA ’74 Anonymous MBA ’79 Klaus H Thiel, MBA ’71 Rafaella Rosenberg Kyle MacDonald, HBA ’82 Anonymous Marie-Anne Desjardins, Mary & George B Turnbull, Anonymous MBA ’98 Robert J McConnachie, HBA ’49 MBA ’91 Anonymous Margo & George Enns, Sonya P Ulrich, HBA ’58 HBA ’59 The Late Samuel W McCoy, Anonymous HBA ’51 James A W Van Slyck, James A Erskine, MBA ’67 HBA ’64 Anonymous Lynne & Paul McCrea, Brian R Foster, HBA ’75 Darlene Vincent, HBA ’73, Susan Abbott, MBA ’83 & MBA ’60 Morna J Fraser, MBA ’89 MBA ’79 Bruce G Winning Steve McDonald, MBA ’83 Stephen G Friday, MBA ’82 William P Wilder Judy & The Late Ira David Marion & Donald Abraham, MBA ’71 Douglas Grant, MBA ’67 McDougall, MBA ’61 Barbara & John F Wood, HBA ’64 F Gwyer Moore, MBA ’79 & Pamela J Hollister-Graye & David R McGregor, MBA ’86 Diane Arsenault, MBA ’79 Mitchell T Graye, HBA ’78 Patricia & The Late William Donald McIntosh, MBA ’58 Wood, HBA ’57 Neil M Armstrong, HBA ’49 The Late Keith R Halpenny, The Late Robert D McMurdo Donald P Woodley, MBA ’70 David B Auld, MBA ’83 HBA ’55 Mona & Keith Munro, Jon Hantho, MBA ’89 & Alicia Zavitz The Late Edward G Aust, HBA ’64 HBA ’38 Laura Hantho, MBA ’89 Rosemary (Schauf) Pahl, R Keith Harfield, HBA ’70 William E & Deborah A Aziz, MBA ’71 HBA ’79 Douglas P Hayhurst, HBA The Late Dr R Allan ’69 Walter R Badun, DBA ’55, Patterson, MBA ’67 MBA ’57 Kathleen J & Mark E The Late Lloyd J Raney, Henning, MBA ’84 Dr Ralph M Barford, LLD HBA ’56 Thomas P Howard, MBA ’72 Gerald Beasley, MBA ’68 Douglas M Reid, HBA ’58 The Late A Margaret The Estate of the Late Catherine Paquet & Pierre Hughes, HBA ’42 William Bessent & The Late Rivard, MBA ’83 Frank Bessent, HBA ’47 Dr Richard & The Late Beryl Thomas J Pressello, Ivey, HBA ’47 G R (Bob) Blake, HBA ’46 HBA ’92 Donna & Richard W Ivey, HBA ’72

2014 IVEY ANNUAL REPORT | 35 Corporate & Matching Gifts

$500,000 – $10,000 – $24,999 ARC Financial Corporation Macquarie Capital Markets Matching Gift $999,999 Beyond the Rack Canada Ltd Anonymous Companies Bloomberg Institute Madison Bathurst Limited Anonymous Anonymous BMO Financial Group BluEra McCormick Canada BASF Canada Inc Chevron U S A Inc Brookfield Asset McCreath Group BC Hydro $250,000 Management Inc Merrill Lynch Canada Inc Coca-Cola Beverages Ltd Bell Canada $499,999 Canaccord Capital Millisecond Software LLC EnCana Corporation Boston Consulting Group of Corporation Power Financial Corporation Modelez International Ericsson Corporation Canada Ltd Canadian Association of KPMG Enterprise Monitor Deloitte Ernst & Young Canadian Pacific Ltd Petroleum Producers Suncor Energy Foundation Morgan Stanley Canada General Electric Canada Inc Cisco Systems Canso Investment Counsel Limited Goldman, Sachs & Co Closing the Gap Healthcare Ltd Mosaic Sales Solutions Group Cement Association of Google $100,000 – Canada Operating Co $249,999 Corus Entertainment Canada Honeywell Hometown Newalta Corporation Solutions Cossette Communications Cenovus Energy Bloomberg Noldus Information Group Inc Congress Inc IBM Canada Ltd BMO Financial Group Technology Danby Products Cundari Investors Group Inc Globe and Mail Nouveau Event Planning Donville Kent Asset Dell Canada KPMG Enterprise Patient Capital Institute for Health Management System Transformation & Dentons Canada LLP Management Inc KPMG Foundation Empire Company Limited Sustainability Edcom Multimedia PepsiCo Canada Marsh & McLennan Fidelity Investments Products Companies (US) RBC Provision Coalition Canada Ltd EyeTellect MasterCard Foundation Scotiabank Railway Association of First Generation Capital Inc StarTech.com Ltd Fabris Inc Canada MMC Matching Gifts General Dynamics Land Program Federation of Plastics & S C Johnson & Son Inc Tangerine Systems – Canada Alliances Composites Porte Industries Ltd Schreter Enterprises Inc TD Bank Group Great-West Life, London Life Felesky Flynn LLP Procter & Gamble Fund Trudell Medical & Canada Life Scotia Capital Incorporated FMP Mortgage Investments SAP Canada International Harry Rosen Inc Scotia McLeod Inc Inc Schneider Electric Holcim (Canada) Inc Scout Logistics Corporation Gamma-Dynacare Suncor Energy Inc $50,000 - $99,999 HSBC Bank Canada Sky Energy Corporation General Mills Canada Inc TELUS Corporation IBK Capital Corp Stacey Muirhead Capital AltaGas Ltd General Mills Foundation Management Tudor Investment Imperial Capital Group ATCO Ltd Greenpark Group of Corporation State Building Corporation Chartered Professional Janet David + Associates Companies Ltd UBS Securities of Canada Inc Supply Chain Management Accountants of Ontario Hangar9 Inc Association KingSett Capital Inc CIBC Highstreet Asset Wal-Mart Stores TJX Canada Deloitte Lanxess Inc Management Inc Wells Fargo Foundation Video Works London Inc Farm Credit Canada Linamar Corporation Hotel Association of Canada Vogue Development Group Manulife Financial Hugessen Consulting Inc Medtronic of Canada Ltd Inc Corporation Interloq Capital Corporation OMERS Wellington Financial LP Maple Leaf Foods Inc Investors Group Power Workers’ Union Wetstyle McKinsey & Company Ivanhoe-Cambridge TELUS Xerox Canada Ltd Medisys TransCanada PipeLines Ltd Jayman MasterBUILT Merrill DataSite Union Gas Limited Johnson & Johnson Inc Metrolinx Keyera Energy LP Polar Securities Inc $25,000 – $49,999 Korn Ferry International RioCan REIT Kraft Canada Inc 3M Canada Company Target Canada Co Labatt Breweries of Canada Aimia Inc Teck Resources Limited LP Birch Hill Equity Partners Tembec Inc London Economic Canadian Agri-Food Policy Tim Hortons Inc Development Corporation Institute Unilever Canada Inc L’Oréal Ernst & Young LLP Other Annual Fund Lumina Consulting Green Shield Canada Contributors M5V Advisors Inc Hudson’s Bay Company Accenture Inc North Strategic Inc Apotex Inc Pelmorex Media Inc

Every effort has been made to ensure complete accuracy of this publication. If any errors are noticed please contact the Ivey Annual Fund office at 519.661.3399 or toll free in North America at 1.877.IVEY.UWO. Please accept our apologies in advance. Each and every gift makes a difference and is deeply appreciated.

36 | 2014 IVEY ANNUAL REPORT Harlequin executives listen as HBA students make their case for transitioning the iconic brand to e-books. Harlequin Enterprises has been studied as a case at Ivey for almost 40 years.

More than 600 students, 100 gurus, eight sections, and one week of orientation got HBA students ready for their journey at Ivey.

10 weeks of life-changing experiences and a life-time of memories were all part of the MSc students’ Ivey Global Lab in India.

MBA students put the School’s mission into action by donating more than 300 volunteer hours to five London non-profit organizations for Ivey Impact Day.

GO We have much more to share with you at ivey.ca/ReadySetGo

The Ivey MBA Class of 2015 raised more than $1,000 for the James Hunter Family ALS Initiative. More than 60 students and faculty participated.

2014 IVEY ANNUAL REPORT | 37 FINANCIALS Operating Budget

F2014 F2013 % % ($000) ($000) Revenue Enrolment Grant 10,011 10.0 9,584 10.1 Tuition 52,966 53.0 49,831 52.3 Pre-Business Funding 1,732 1.7 1,650 1.7 Course Fees – Non-Degree Programs 11,390 11.4 12,493 13.1 Publishing 7,238 7.2 6,561 6.9 Conference Centres 7,961 8.0 8,285 8.7 Donations – Total 15,585 15.6 18,736 19.7 Less-Endowed & Restricted Donations (12,929) -12.9 (15,775) -16.6 Endowment Interest 1,187 1.2 1,233 1.3 Food Services 887 0.9 0 0.0 Recoveries & Miscellaneous 3,921 3.9 2,634 2.8 Total Revenue $99,949 100.0% $95,232 100.0%

Direct Variable Expenses Program Accommodation & Meals 7,577 7.6 7,601 8.0 Student & Teaching Materials 4,429 4.4 4,390 4.6 Scholarships 4,350 4.4 3,918 4.1 Receptions 995 1.0 1,037 1.1 Food Services 1,200 1.2 0 0.0 Other 260 0.3 425 0.4 Total Direct Variable Expenses $18,811 18.8% $17,371 18.2%

Contribution $81,138 81.2% $77,861 81.8%

Direct Fixed Expenses – Schedule 38,888 38.9 37,874 39.8 Administration Expenses – Schedule 32,884 32.9 29,746 31.2 Western University Service 7,666 7.7 7,791 8.2 New Building Furniture & Technology 1,700 1.7 2,450 2.6 Surplus $ 0 0.0% $ 0 0.0%

38 | 2014 IVEY ANNUAL REPORT FINANCIALS Schedule of Expenses

F2014 F2013 % % ($000) ($000) Direct Fixed Expenses Faculty Salaries & Benefits 32,560 32.6 30,989 32.5 Marketing & Recruiting 3,941 3.9 4,395 4.6 Property, Operations & Maintenance 681 0.7 684 0.7 Research 992 1.0 1,102 1.2 Computer Equipment & Software 583 0.6 656 0.7 Other Direct Fixed Expenses 131 0.1 48 0.1 Total Direct Fixed Expenses $38,888 38.9% $37,874 39.8%

Administration Expenses Staff Salaries & Benefits 18,495 18.5 18,279 19.2 Trave l 1,354 1.4 1,208 1.3 Amortization 1,117 1.1 971 1.0 Bank Charges & Interest 469 0.5 373 0.4 Rentals/Leases 111 0.1 180 0.2 General Administration 2,023 2.0 2,250 2.4 Mailing 239 0.2 276 0.3

Printing 396 0.4 314 0.3 Telephone 476 0.5 447 0.5 Building Rent 2,414 2.4 2,607 2.7 Building Alterations & Maintenance 2,669 2.7 267 0.3 Management Fees 310 0.3 344 0.4 Training & Development 133 0.1 178 0.2 Consulting & Professional Fees 2,242 2.2 1,646 1.7 Other 436 0.4 406 0.4 Total Administration Expenses $32,884 32.9% $29,746 31.2%

2014 IVEY ANNUAL REPORT | 39 WE’RE READY TO GO. My vision for Ivey is to be recognized as a globally-elite business school.

To me, that means top 25 in everything we do. It means programs with the resources to attract top students and deliver high employment rates, top salaries and satisfied recruiters; research that is published in top academic journals; and a reputation for thought leadership on the critical issues of business. It also means a financial model that enables us to be innovative, nimble and strategically invested in the right opportunities.

The changes implemented over the year lay the groundwork for this next phase of Ivey’s success.

Robert (Bob) Kennedy Dean, Ivey Business School Lawrence G. Tapp Chair in Leadership Ivey Business School Western University 1255 Western Road London, Ontario N6G 0N1 519.661.3206 ivey.ca [email protected]

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