HEC Paris 1, rue de la Libération 783 51 Jouy-en-Josas Cedex Tel. : +33 ( 0)1 39 67 94 23 Fax. : +33 ( 0)1 39 67 94 46 www.hec.edu C J _

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2011-2012

Contents

This is HEC Paris International reach

Page 2 Page 32 Social awareness A unique program portfolio Page 36

Page 10 Entrepreneurship

A place to live Page 40

Page 12 The Campaign 2008-2013 Cutting-edge faculty and research Page 44

Page 14 A place where leaders speak Privileged corporate relationships Page 47

Page 24 Highlights from 2010-2011 HEC Alumni Association Page 50

Page 28

1 This is HEC Paris

188 1 - 2011 130 years

Much has changed since 1881 when the Paris Chamber of Commerce and Industry created a school to train 57 young men to assume leadership positions in society. Surviving two World Wars and the 1929 Great Depression, HEC Paris has continuously reformed its curriculum and teaching methods to ensure that the education it provides can drive, as well as reflect, the world’s business environment.

International engagement and an innovative, practical approach to training tomorrow’s business leaders are not just ambitions: they are goals we have successfully achieved for more than 130 years. In 2011, we remain as committed to them as ever. I hope you will join us as we embark upon the next 130 years!

Bernard Ramanantsoa Dean, HEC Paris

2 #1 Business School in Europe (Financial Times ranking, December 2010, for the fifth consecutive year)

Students & participants International reach International rankings in 2010-2011 4,063 119 students and participants across all academic partners worldwide MSc in Management degree programs Grande Ecole program was ranked 24 U #3 worldwide by the Financial Times (FT), September 2010 double and joint degree programs 40% U #1 in France by leading national international students publications, including L’Express, 44,000 Le Point, Le Figaro Étudiant and 95 alumni in over 113 countries Le Parisien nationalities Masters in International Finance 8,000 Corporate relations program was ranked #1 worldwide by the FT, executives and managers trained June 2011 each year 250 recruiting companies on the campus MBA program was ranked each year U # 9 worldwide by the Economist, Faculty & staff October 2010 55 U #18 worldwide by the FT, 267 international companies are members January 2011 total faculty of the HEC Foundation (as of April 2011) TRIUM Global Executive MBA 109 15 was ranked #3 worldwide by the FT, October 2010 full-time faculty chairs

Executive Education was ranked 56% #1 worldwide by the FT, May 2011 international full-time faculty Campus size 473 1,3 administrative and services staff from square kilometers of countryside at the 24 countries Jouy-en-Josas campus 1,660 ParisTech square meters of space at the Paris HEC Paris is a founding member of campus ParisTech

3 HEC Paris mission and values

1881, first class at HEC Paris, rue de Tocqueville

HEC Paris, founded in 1881 by the Paris HEC Paris has consistently developed a HEC Paris enacts this mission in Chamber of Commerce and Industry wide and unique range of programs for harmony with three core values : (the “CCIP”), is one of France’s oldest the 20-year-old student to the U Excellence as an objective in all that elite higher education Grandes Ecoles . international senior executive in France we undertake Unique to France, the concept was and across the world. U The value of knowledge as a vehicle introduced by Napoleon so that “the to fight sectarianism and ideology best and the brightest” could be HEC Paris’ mission is to shape the U The importance of participating as channeled into his armies and global leaders of tomorrow, capable of a major player in the construction engineering corps. Unlike French public becoming architects of a responsible of a responsible world universities which are required to world. This mission is based on two accept all candidates from the same pillars: a rigorous research region who hold a , the baccalauréat environment and close connections to These values are the foundation of a selection criteria for the Grandes Ecoles the corporate world. The combination of conviction shared by the HEC rest mainly on competitive written and high quality research, underlying the Community: knowledge determines the oral exams, taken by students from pedagogical innovation at HEC Paris, freedom and entrepreneurship required dedicated preparatory classes. and close corporate connections, gives for a better world. This conviction is affirmed with our motto “ The more you Throughout its 130-year history, HEC the HEC community the necessary tools know, the more you dare ”. Paris has continually attracted and background to challenge individuals highly capable and talented, established rules and to invent the new innovative and entrepreneurial, social and economic paradigms of ambitious and open minded. tomorrow’s world, rather than simply reproduce them.

4 The Paris Chamber of Commerce and Industry

HEC Paris is affiliated to the CCIP, the Its missions include: with in service training, within its leading Chamber of Commerce and U Representing business interests to 11 schools Industry in France and Europe. This local, national and European public U Developing excellence in the field of public establishment is run by 84 authorities trade shows, conventions and elected representatives, all of whom are U Advising companies at each stage of exhibitions business leaders. their development The CCIP now represents 400,000 U Training: each year the CCIP provides companies located in the four districts 14,500 young people with initial of Paris center, Hauts-de-Seine, Seine- training and more than 30,000 adults Saint-Denis and Val-de-Marne

Pierre-Antoine Gailly, President

Jean-Paul Vermes, First Vice President The Paris Chamber of Commerce and Industry, Avenue de Friedland, Paris

ParisTech

ParisTech is a research and higher ParisTech’s ambition is to: U Develop its innovation potential by education consortium that brings U Create a full service science, strengthening its already close ties together 12 of France’s most technology and management with the business world prestigious Grandes Ecoles university ranked among the world’s U Place itself at the centre of the (Engineering and Business schools): top 20 education and research “knowledge triangle” (education – each institution is recognized as a universities by 2020 research – innovation) in partnership leader in France in its field. U Develop the excellence of its research with the business and institutional and give ParisTech leading communities along with major HEC Paris has been a founding member international visibility and research organisations of ParisTech since 2008. attractiveness

5 The Grand Palais, Paris HEC Paris Governance

The HEC Paris Board and Guillaume d’HAUTEVILLE International Advisory Vice Chairman - Investment Banking International Advisory Board bring Board Europe, Nomura International together top executives and Sylvain HEFES Senior Advisor, Rothschild & Son academics from around the world. Seiichiro ADACHI President, Toyota Tsusho Europe SA Anne-Marie IDRAC These leaders help shape HEC Former French Secretary of State, in charge Jean-Paul AGON of External Commercial Affairs Paris’ strategy and ensure that it CEO, L’Oréal Claude JOUVEN remains in line with the changing Jean-Luc ALLAVENA Former CEO, Citibank/Citigroup France, Managing Partner, Apollo Management Belgium, Luxembourg and Ireland; Honorary needs of international business. International LLP; Honorary President, HEC State Advisor Alumni Association and HEC Foundation Paul JUDGE Jean d’ARTHUYS Chairman, Schroder Income Growth Fund Managing Director and member of the plc; Director, Standard Bank Group Ltd of Executive committee, Fonds Stratégique Johannesburg d'Investissement; President, HEC Alumni Association Bruno LAFONT HEC Paris Board Chairman and CEO, Lafarge Abdulla Ali AL-THANI Vice President of Education, Qatar Bertrand LEONARD Henri PROGLIO Foundation Deputy CEO, Exane President of the HEC Paris Board Hans Ulrich MAERKI Chairman and CEO, EDF Daniel BERNARD Chairman, HEC Foundation; Chairman, Chairman, IBM EMEA Kingfisher plc; Chairman, M.A.F Retail Baron PFETTEN Raymond ALBERO Group; President, Provestis; Senior Advisor, President, Royal Institute of East-West Managing Director, AIE Training Tower Brook Partners Strategic Studies (Oxford) Cécile ANDRÉ-LERUSTE Eugenia BIETO Karsten POPP Deputy CEO, SG Equipment Finance Dean, ESADE Senior Vice-President EMEA, Autodesk Michel AUSSAVY Bernard BOURIGEAUD Henri PROGLIO President, MD & Sales Former CEO, Atos Origin Chairman and CEO, EDF; President of the HEC Paris Board Philippe CAILLETON Henri de CASTRIES Manager, Le Brisemiche Chairman of the Management Board and Baudouin PROT CEO, AXA Group CEO, BNP Paribas Jérôme FRANTZ Managing Director, Frantz Electrolyse Peter CHILD Franck RIBOUD Director, McKinsey CEO, Danone Group Arnould d’HAUTEFEUILLE CEO, Jacques Bollinger Xavier CORNU Stéphane RICHARD Executive Director of Education and Training Chairman and CEO, France Telecom Bernard IRION Member of the Board, F4 SA Division, CCIP David SCHMITTLEIN Dean, MIT Sloan School of Management Michel LAURENT Yves COUILLARD General Manager, Acieries de la Seine CEO, BcomBest; Former CEO, Hewlett- Alvin SILK Packard France Lincoln Filene Professor of Business Soumia MALINBAUM Administration, Harvard Business School Director, Group Business Development, Andrea CUOMO KEYRUS Executive Vice President, General Manager Domenico SINISCALCO Sales & Marketing Europe, Vice Chairman, Morgan Stanley International Olivier MELLERIO ST Microelectronics CEO, MELLERIO dits MELLER Francesco STARACE Frank DANGEARD CEO, Enel Greenpower Nicholas MOUFFLET Managing Director and Founder, Harcourt Managing Director, JAM SARL Ezra SULEIMAN Thomas EDIG IBM Professor, Princeton University Hervé SAINT-SAUVEUR Member of the Board of Management, Chairman of the Board, LCH Clearnet SA Porsche AG Pierre TROUILLET General Manager, CCIP Claude de SAINT-VINCENT Amy EDMONDSON General Director, Media-Participations Novartis Professor of leadership and François VACHEY President, Dargaud S.A management, Harvard Business School Former Executive Vice-President, L’Oréal François SÉGUINEAU Orit GADIESH Jean-Paul VERMES Executive Vice President, Toshiba Systemes Chairman, Bain & Company President, VMS France; (France) SAS First Vice President, CCIP Pierre-Antoine GAILLY Amaury de TURCKHEIM President, CCIP Christian VULLIEZ President, SVP TRANSPORT Group Member of the High Council for Education, Dominique HANSSENS French Ministry of National Education Bud Knapp Professor of Marketing, UCLA Anderson School of Management Chunjun ZHAO Emeritus Dean, Tsinghua University

7

HEC Paris campus in winter A unique program portfolio

Masters Degrees Specialized Masters Since 1881, HEC Paris has (12 months, French and English) (Full-time, pre-experience offered management programs programs) Designed for professionally experienced for top talent from around the candidates with an advanced level world. MSc in Management degree in any field. These programs enable specialization in a specific field Today, HEC Paris’ mission is Grande Ecole program (18 months, to foster teaching and research French and English) of management. in management for students Designed for students who hold a and executives across the world. Bachelor’s degree in any field. The first year is comprised of general business MBA Program courses; the second year is devoted to Full-Time MBA program the student’s area of specialization. (16 months) and Part-Time Option (24 months) The MBA addresses both functional and One-year MSc’s cross-functional skills through a (12 months, English) fundamental and a customized thread Designed for students who hold a to cover all areas of management in Bachelor’s degree in Business and depth. Participants will, throughout the want to acquire expertise in a specific program, enhance their leadership field of management: International potential through unique learning Business, Managerial and Financial experiences in a diverse environment, Economics, International Finance, developing their self-awareness and Sustainable Development and people and relationship management, Marketing. to boost, and even change, their career path. 10 A lecture theater in 1881

A lecture theater in 2010

PhD Program Highlights from the range of programs: U Executive Specialized Masters (4 years) (11 months) U TRIUM Global Executive MBA The PhD program offers high-quality, These postgraduate degree programs (16 months) internationally renowned training for provide specialized training in specific Specially designed for global professor-researchers. The program areas of management. executives and CEOs, this is a joint prepares participants for publishing in degree developed by HEC Paris, leading academic journals throughout U Open-enrolment programs New York University Stern School of the world as well as for future research HEC Paris offers executive Business and London School of and teaching challenges. participants the option to develop Economics and Political Science. their operational skills through short, targeted executive programs, which Executive Education U HEC Executive MBA cover key management issues: (14 to 16 months) 44 short programs (2 to 5 days) HEC Paris Executive Education delivers A multi-site degree program designed 21 Executive Certificates in programs specifically designed for to propel mid-career professionals French (12 to 30 days) experienced managers and executives. into the executive board level. The In addition to EMBAs and Masters program is now available in U Custom programs Programs, HEC Executive Education 5 locations (Paris, Beijing, Shanghai, These programs are tailored and offers open-enrolment and custom Doha and St. Petersburg) with six delivered to the precise specifications programs, as well as coaching. majors: Entrepreneurship & of the company. Innovation, Differentiation through Service, Global Business Perspectives, Aerospace & Aviation, Management in an Energy-concerned Economy, and Luxury. 11 A place to live

On-campus 79 accommodation classrooms 1,532 individual rooms 31 auditoriums 69 with over 50 seats, including one apartments reserved for couples and 474-seat amphitheatre with a stage families The HEC Paris campus offers 2 Student-run a unique setting: a 1,3 km site Sports facilities with woods and lake, close to organizations and clubs both Paris and Versailles. 2,000 on campus The facilities and setting have square meters of gymnasiums and been designed to foster learning sports halls 130 in a supportive, comfortable and student-run organizations including humanitarian, cultural, international, dynamic environment. 8,000 square meters of sports fields events and career-related, sports and On-campus accommodation leisure-related associations. Including soccer pitches, rugby fields, and activities help create strong Social and professional clubs are indoor and outdoor tennis courts, dedicated to topics such as finance, bonds among students, with fencing room, fitness center, martial marketing, business ethics and women ample opportunity for a rich arts center, climbing wall, and several in leadership social life. golf courses just a few minutes from At the end of 2011, 8,000 m 2 campus of new study facilities and Library & computer residential rooms will be Other on-campus facilities inaugurated on campus. services Multimedia library and resource center Multimedia center and I.T suites 60,000 Language labs and resource centers books Trading room Business bookshops 16,000 + electronic resources Printing shop 85 online databases Daycare center A Wi-Fi network Infirmary Open-access computer rooms Ecumenical center

12 Student association: Extravadanse Cutting-edge research and acclaimed faculty

Jean-Philippe BONARDI, Faculty Université de Lausanne, Switzerland on 1 January 2011 Steven EPPINGER, Massachusetts Institute of Technology, USA Allègre HADIDA, University of Cambridge, UK HEC Paris is committed to 109 full-time faculty members including: Thomas HEMMER, developing knowledge and the Rice Jones Graduate School of Business, 95% hold a PhD USA best practices in management. Reuven LEHAVY, 56% faculty from abroad University of Michigan Business School, USA The active involvement of 29 nationalities Vladimir MARES, professors in research women Northwestern University - Kellogg School of 27% Management, USA guarantees that our courses Joseph MILNER, integrate the latest findings in University of Toronto, Canada Emre OZDENOREN, management science. 27 London Business School, UK Emeritus faculty Luis PEREIRO, A vibrant research environment Universidad Torcuato Di Tella, Argentina helps make HEC Paris Michaël PRESTON, the school of choice for Columbia University, USA Subramanyam RAGHUNATH, students and faculty alike. 86 Indian Institute of Management Bangalore, affiliate professors, generally prominent India members of the business community Juan RAMIS, ESADE Business School, Spain who have established a long-term Kulwant SINGH, relationship with HEC Paris National University of Singapore, Singapore Daniel SKARLICKI, University of British Columbia, Canada Marie SUSHKA, 45 Arizona State University, USA Juhani VAIVIO, visiting professors, including Aalto University, Finland Jay ANAND, Kathy YUAN, Ohio State University, USA London School of Economics and Political Sundar BHARADWAJ, Sciences, UK Emory University, USA Ramesh BOLLAPRAGADA, San Francisco State University, USA

14 Academic contribution U 2nd HEC Finance and Statistics , organized by Laurent E. Calvet, in 2009 and 2010 HEC Paris Professor of Finance and Veronika PhD Program Czellar, Assistant Professor of articles in refereed academic Economics & Decision Sciences 175 HEC Paris offers a Doctoral journals U 1st HEC Paris Workshop on program leading to a PhD in Regulation “Emergency Regulation 24 books Management and placement in under the Threat of a Catastrophe ”, prestigious international organized by Alberto Alemanno, institutions. 57 chapters in collective books Associate Professor of Law 81 students are currently enrolled in the PhD program in January 34 published proceedings In-house publication 2011 among whom 19 were admitted in September 2010 408 presentations at academic conferences Research@hec 42% of students are international the online and print magazine, which (22 countries of origin) case studies 18 showcases academic research to a 6 specializations: non-expert audience Accounting & Management 153 articles in non-peer reviewed Control journals Finance Research partnerships Human Resources & Organization The HEC Center GREGHEC Marketing Operations & Supply Chain HEC Paris Workshops (Groupe de Recherche et Management in 2010 d'Etudes en Gestion at HEC) Strategy & Management is a joint CNRS-HEC U 2nd Paris Spring Corporate Finance research laboratory. The CNRS is the 4 dissertations defended between Conference , organized by Ulrich main French institution for academic September 2010 and April 2011 Hege, Professor of Finance research. The members of the Placement U From Routine to Movements and GREGHEC laboratory include HEC Paris After graduation, HEC Paris PhD Back , organized by Rodolphe Durand, faculty professors and CNRS participants find placements at top Professor of Strategy & Business researchers, PhD students and level academic positions Policy researchers with post-doctoral contracts. HEC Paris is the only French worldwide, such as Richard Ivey U INTAACT organized by Hervé Stolowy, business school to have developed such School of Business, University of Professor of Accounting & a partnership with the CNRS. Western Ontario, Canada and Management Control and Thomas London School of Economics and Jeanjean, Associate Professor of Political Sciences, UK. Accounting & Management Control The GIS ( Groupement d’Interêt U Marketing Research Camp , organized Scientifique ) “Decision Science” by Selin Atalay, Assistant Professor of Marketing Research U Academic Entrepreneurship from in the rankings Knowledge Creation to Knowledge is a joint-venture by HEC Paris, Ecole Diffusion , organized by Thomas HEC Paris was ranked Polytechnique, ENSAE ParisTech (Paris Astebro, Associate Professor of Graduate School of Economics, rd Strategy & Business Policy 3 in Europe for research Statistics and Finance) and the CNRS. The partners develop joint research in the 2011 Financial Times projects on individual and group MBA ranking decision making.

15 Faculty list on 1 January 2011

Brian HILL Evren ÖRS Accounting & Management PhD University of Paris I-Panthéon PhD Carroll Graduate School of Control Sorbonne, France Management, Boston College, USA Gilles MAUFFREY Christophe PERIGNON Walid ALISSA PhD University of Paris IX-Dauphine, France PhD Swiss Finance Institute, Switzerland PhD Pennsylvania State University, USA Tomasz MICHALSKI Ioanid ROSU Diane-Laure ARJALIES PhD Columbia University, USA PhD Massachusetts Institute of Technology, USA PhD Essec – Université Paris-Ouest, France Eloïc-Anil PEYRACHE Raul BARROSO PhD University of Toulouse, France David THESMAR PhD EHESS, France PhD, HEC Lausanne, Switzerland Dina ROSENBERG Srile BURKLAND PhD University of Paris X-Nanterre, France Philip VALTA PhD University of Vaasa, Finland PhD Ecole Polytechnique de Lausanne, Marco SCARSINI Switzerland Vedran CAPKUN PhD University of Paris IX-Dauphine, France PhD University of Lausanne, Switzerland Tristan TOMALA Eve CHIAPELLO PhD University of Paris I-Panthéon PhD University of Paris IX-Dauphine, France Sorbonne, France Claire DAMBRIN Nicolas VIEILLE PhD University of Paris IX-Dauphine, France PhD University of Paris VI-Pierre et Marie Languages & Cultures Curie, France Caroline LAMBERT Hans BRODERSEN PhD University of Paris IX-Dauphine, France PhD University of Paris VIII-Vincennes- Cédric LESAGE Saint-Denis, France PhD University of Rennes I, France Michael BROOKES Hélène LONING PhD University of Paris IV-Sorbonne, France PhD HEC Paris, France Finance Valérie GAUTHIER Véronique MALLERET PhD University of Sorbonne Nouvelle- Blaise ALLAZ Paris III, France PhD University of Paris IX-Dauphine, France PhD Princeton University, USA Martin MESSNER Sylvie GERVAIS Joël BESSIS Master of Arts University of Boulogne, France PhD University of Innsbruck, Austria PhD University of Paris IX-Dauphine, France Carlos RAMIREZ Jocelyne REITH PhD EHESS, France Laurent CALVET Master of Arts University of Paris IV-Sorbonne, PhD Yale University, USA France Andreù SOLE PhD University of Nancy II, France François DERRIEN Christopher ROBINSON PhD HEC Paris, France PhD University of Paris X-Nanterre, France Hervé STOLOWY Thierry FOUCAULT PhD University of Paris I-Panthéon PhD HEC Paris, France Sorbonne, France Laurent FRESARD PhD University of Neuchâtel, Switzerland Ulrich HEGE PhD Princeton University, USA Management & Human Johan HOMBERT Resources Economics & Decision PhD University of Toulouse I and EHESS, France Charles-Henri BESSEYRE DES HORTS Science PhD University of California, Los Angeles, Antoine HYAFIL USA Alessandro CITANNA PhD HEC Paris and University of Orleans, PhD University of Pennsylvania, USA France Françoise CHEVALIER PhD HEC Paris, France Veronika CZELLAR Stefano LOVO PhD University of Geneva, Switzerland PhD Catholic University of Leuven, Belgium Adina DABU PhD University of Illinois, USA Itzhak GILBOA Jacques OLIVIER PhD Tel Aviv University, Israel PhD University of Pennsylvania, USA Elie MATTA PhD University of Western Ontario, Canada Ai-Ting GOH PhD University of Pennsylvania, USA

16 Vesa PELTOKORPI Wolfgang ULAGA Pierre DUSSAUGE PhD Swedish School of Business & PhD University of Paris I-Panthéon Sorbonne, PhD University of Paris IX-Dauphine, France Economics, Finland France Bernard GARRETTE Mathis SCHULTE Marc VANHUELE PhD HEC Paris, France PhD Columbia University, USA PhD Anderson Graduate School of Management, UCLA, USA Oliver GOTTSCHALG Michael SEGALLA PhD INSEAD, France PhD University of Iowa, USA Stefan WORM PhD University Kaiserslautern, Germany Pierre-Antoine KREMP Amy SOMMER PhD Princeton University, USA PhD University of Western Ontario, Canada Jean-Paul LARÇON Eris Luis UHLMANN PhD University of Paris IX-Dauphine, France PhD Yale University, USA Dalhia MANI Kevyn YONG PhD University of Minnesota, USA PhD Cornell University, USA Operation Management Denisa MINDRUTA PhD University of Illinois at & Information Technology Urbana-Champaign, USA Gérard BAGLIN Bertrand MOINGEON MSc in Management HEC Paris, France PhD University of Franche-Comté, France Marketing Olivier BRUEL Anup-Menon NANDIALATH MSc in Management HEC Paris, France PhD Ohio State University, USA Selin ATALAY PhD Pennsylvania State University, USA Marie-Hélène DELMOND Gonçalo PACHECO DE ALMEIDA PhD HEC Paris, France PhD INSEAD, France Anne-Sophie BAYLE-TOURTOULOU PhD HEC Paris, France Sihem JOUINI Corey PHELPS PhD University of Paris IX-Dauphine, France PhD New York University, USA Frédéric DALSACE PhD INSEAD, France Laoucine KERBACHE Nils PLAMBECK PhD University of Massachusetts, USA PhD University of Hamburg, Germany Jean-Marc DE LEERSNYDER PhD University of Paris V-Descartes, France Sri KUDARAVALLI Bertrand QUELIN PhD University of Maryland, USA PhD University of Paris Nord, France Kristin De VALCK PhD Erasmus University Rotterdam, Andrea MASINI Bernard RAMANANTSOA The Netherlands PhD INSEAD, France PhD University of Paris IX-Dauphine, France Jean-Michel GAUTIER Andreas ROBOTIS PhD EHESS, France PhD INSEAD, France Bo HUANG Svenja SOMMER PhD University of Michigan, USA PhD INSEAD, France Jean-Noël KAPFERER Shirish SRIVASTAVA Tax & Law PhD Northwestern University, USA PhD National University of Singapore, Singapore Alberto ALEMANNO Bruno KOCHER PhD University of Bocconi, Italy PhD University of Lausanne, Switzerland Christian VAN DELFT PhD University of Geneva, Switzerland Philippe CORRUBLE Joseph LAJOS PhD University of Jean Moulin-Lyon III, PhD INSEAD, France Zhixi WAN France PhD University of Michigan, USA Gilles LAURENT Nicole FERRY-MACCARIO PhD Massachusetts Institute of Technology, DES University of Bourgogne, France USA François LENGLART Laurent MARUANI PhD University of Lille, France MSc in Management HEC Paris, France Marie SERNA Dominique ROUZIES Strategy & Business Policy PhD University of Paris II-Panthéon-Assas, PhD McGill University, Canada France Thomas ÅSTEBRO Bige SAATCIOGLU PhD Carnegie Mellon University, USA Oana STEFAN PhD Virginia Tech, USA PhD University College Dublin, Ireland Kristina DAHLIN Francesca SOTGIU PhD Carnegie Mellon University, USA Nicole STOLOWY PhD Erasmus University Rotterdam, PhD University of Paris I-Panthéon Rodolphe DURAND The Netherlands PhD HEC Paris, France Sorbonne, France

17 Michel SANTI Philip KOTLER Emeritus Professor of Strategy & Business Policy Professor, Northwestern University Bruno SOLNIK David S. LANDES Professor of Finance Professor, Harvard University Professors Michel TENENHAUS Emmanuel LE ROY LADURIE Professor of Decision Science & Information Professor, Collège de France Systems Jay O. LIGHT Hervé THIRIEZ Dean Emeritus, Harvard Business School Professor of Decision Science & Information Gilles AMADO Systems Jean MALAURIE Professor of Management & Human Professor, Geographer, Writer and CNRS Resources Georges TREPO Researcher Professor of Management & Human Jean-Loup ARDOIN Resources Edmond MALINVAUD Professor of Accounting & Management Professor, Collège de France Control Henri-Louis VEDIE Jim MARCH Professor of Economics Emeritus Professor, Stanford University Michel BADOC Professor of Marketing Andreu MAS-COLELL Professor, University Pompeu Fabra of Georges BLANC Professor of Strategy & Business Policy Barcelona Christian CAUVIN Robert C. MERTON Professor of Accounting & Management Professor, Harvard Business School, Nobel Control Prize in Economics (1997) Philippe COLIN Honoris Causa Ikujiro NONAKA Professor of Business Law & Taxation Emeritus Professor, at Hitotsubashi University Michel CREMADEZ Professors Professor of Strategy & Business Policy Rajendra K. PACHAURI Chairman of the Intergovernmental Panel on Jean-Pierre DETRIE Climate Change Professor of Strategy & Business Policy Michael E. PORTER Yves EVRARD Chris ARGYRIS Professor, Harvard Business School Professor of Marketing Professor, Harvard University Pierre ROSANVALLON Michel FIOL Robert BADINTER Professor, Collège de France Professor of Accounting & Management Former President of the French Control Constitutional Council and Minister of Michel SERRES Justice Member of the French Academy Hugues JORDAN Professor of Accounting & Management Raymond BARRE † Alain TOURAINE Control Former Prime Minister of the French Professor, EHESS Republic Oliver E. WILLIAMSON Charles KALFON Professor, University of California, Berkeley Professor of Accounting & Management Warren G. BENNIS Control Professor, University of Southern California Muhammad YUNUS Professor, University of Colorado, founder of Jean KLEIN Pierre BOURDIEU † Professor of Finance Professor, Collège de France Grameen Bank and Nobel Peace Prize- winner (2006) Jacqueline LAUFER Jacques BOUVERESSE Professor of Management & Human Professor, Collège de France Abraham ZALEZNIK Resources Professor, Harvard Business School Hélène CARRERE d’ENCAUSSE Romain LAUFER Member of the French Academy Théodore ZELDIN Professor of Marketing Professor, Oxford University Robert ENGLE Patrick LEMATTRE Professor, New York University Nobel Prize Professor of Management & Human in Economics (2003) Resources Pierre-Gilles de GENNES † Anne MACQUIN Professor, Collège de France Nobel Prize in Professor of Marketing Physics (1991) Bernard MAROIS Jacques GLOWINSKI Professor of Finance Professor and Administrator, Collège de France Jacques OBADIA Professor of Decision Science & Information Roger GUESNERIE Systems Professor, Collège de France Dang PHAM-HUY Claude HAGEGE Professor of Accounting & Management Professor, Collège de France Control Michael C. JENSEN Gisèle PROST Emeritus Professor, Harvard Business Professor of Languages & Cultures School

18 HEC Paris Campus Chairs and Center “Corporate Finance” “Digital Innovation for Business” Chair holder: Ulrich Hege, Executive director: Julien Lévy, Affiliate Associate Professor of Finance Professor in Management & New Technologies HEC Paris has developed close with the support of links with a selected group of Free, Meetic, Pixmania Group, companies. vente-privee.com and By creating a chair, HEC Paris and Pierre Kosciusko-Morizet, private donor the company initiate a shared, The purpose of this chair is to carry out long-term commitment to top-level academic research in Created by HEC Paris in line with its corporate finance and investment developing expertise in training engagement in entrepreneurship and banking, including topics such as e-business, this chair offers HEC Paris and research on a jointly defined security issuance, primary markets, students the opportunity to receive theme. M&A and private equity, and corporate additional training in e-business and governance. It also aims to disseminate focuses on how to innovate and engage its research results among the in the digital economy. Classes, members of the FBF and the financial conferences, practical work and industry at large, and facilitate various mission projects, with the active forms of interaction between the participation of the five partner academic partners and members of the entrepreneurs and their companies, FBF. Chairs complement their program studies.

“Business Sustainability” “Decision Science” “Energy and Finance” Chair holder: Rodolphe Durand, Chair holder: Itzhak Gilboa, Professor Chair holder: Blaise Allaz, Professor Professor of Strategy & Business of Economics & Decision Sciences of Finance Policy

This chair seeks to improve our This chair has the following objectives: The aim of this chair is to focus on understanding of how decisions are to develop teaching material and three major themes: studying business made and how we can support better applied research related to common models based on sustainable decision making, in light of cognitive challenges affecting energy and development and how they can be used limits and psychological constraints. financial market sectors and to develop to generate growth and create value; The collaboration provides an a portfolio of courses and seminars for taking a closer look at the conditions opportunity to explore the links all HEC Paris programs in France and required for transforming volume between effective decision making and abroad. strategies into value strategies, successful leadership. It is devoted to particularly in the water and energy sponsoring academic research, sectors; examining social workshops and conferences, and brings entrepreneurs and multinational together researchers from various corporations coming together in social disciplines. business initiatives.

20 “Energy and Management” “Luxury strategies” “Marketing” Chair holder: to be nominated Executive director: Chair holder: Jean-Marc de Leersnyder, Anne Michaut-Denizeau, Professor of Marketing Affiliate Professor of Marketing

The aim of this chair is to integrate energy knowledge and expertise into This teaching chair is dedicated to HEC Paris' training. Through the chair, This chair supports the Luxury strategy the field of marketing, with the aim Total contributes to teaching at HEC certificate whose aim is to provide of facilitating interaction between the Paris worldwide, providing educational future managers with in depth students and professors of HEC Paris material and input from energy industry understanding of the unique rules for and the marketing teams at SFR. experts. It also supports HEC Paris the effective management of luxury Executive Education programs, brands and companies. highlighting the importance for on- going training for the energy industry.

“Growth Strategies and Integration “Management of Prestige Brands” “Multicultural Management and Management” Chair holder: Jean-Noël Kapferer, Corporate Performance” Chair holder: Bernard Garrette, Professor of Marketing Chair holder: Eve Chiapello, Professor Professor of Strategy & Business of Management Sociology Policy

The objective of this chair is to contribute to the advancement of the Co-chaired with Eric Godelier from HEC Paris professors work with Atos management of prestigious brands. Ecole Polytechnique. Origin to conduct research on This chair conducts empirical research This chair is dedicated to the study of challenges related to growth strategy into the behavior of leading brands, key daily cooperation of teams from and integration management, such as players in the luxury field, and the different countries and cultures. attitudes and perceptions of the clients changes of ownership, mergers, The chair has developed a pedagogical themselves. It is worldwide in scope alliance management, organic growth program totally intricated with the and multisectorial beyond the classic and international operations. research program, which welcomes sectors one usually associates with students from both schools. The chair Luxury. is supported by agreements with prestigious universities such as Keio University in Japan and Indian Institute of Management - Ahmedabad in India.

21 “New Business Models in the “Service Management” Center Energy Industries” Chair holder: Pierre Dussauge, Chair holder: Wolfgang Ulaga, Professor of Strategy & Business The Visions of Leadership Center Associate Professor of Marketing Policy

This chair is designed to consider the The chair carries out research on changes currently sweeping the energy management issues faced by service HEC Paris created the Visions of industry and their implications for industry firms. Research focuses Leadership Center, with the support of businesses and consumers. The on strategic alliances in service L’Oréal, MSD China and Alcatel-Lucent collaboration explores how new industries. to promote innovation in management business models, greater customer sciences and bring together HEC Paris’ involvement and new behaviors are activities on issues related to affecting all stakeholders in the energy leadership. industry's value chain. Particular emphasis is placed on the evolving The Center has three main objectives: relationships between energy providers U Bring together research and the and customers, in both business-to- corporate world to examine all business and consumer markets. dimensions of leadership including social, ethical and political; U Give HEC Paris students the “Real Estate” “Social Business / Enterprise opportunity to explore their own and Poverty” Executive director: visions of leadership by developing an François Ortalo-Magné, Visiting Chair holder: Frédéric Dalsace, Analytical, Critical and Experiential Professor of Real Estate Associate Professor of Marketing (ACE) approach through exchanges with executives and experts in the field, as well as opportunities to act with the support of as leaders throughout the programs; Danone, Schneider Electric, and private donors U Enable managers, executives, recruiters and faculty members to This chair supports courses and Co-chaired by Professor Muhammad share their experiences and work enrichment activities focused on all the Yunus, Nobel Peace Prize-winner, together to develop innovative views business aspects of the real estate founder of Grameen Bank and HEC and approaches on the future of process: development of properties, Honoris Causa Professor, and Martin leadership. financing of real estate investments, Hirsch, President of France's Civil management of real estate portfolios, Service Agency. and interactions between the real This chair’s aim is to educate the next estate sector and the economy. The generation of managers, preparing chair funds a certificate program open them for societal challenges and to to all HEC Paris students. develop quality research on strategic The certificate program aims to recruit innovation in societal fields. The chair the best students and provide them also supports the Action Tank with the skills to succeed in the global initiative, which brings together real estate industry. large firms, government members Left to right: Valérie Gauthier, Associate Professor, Visions and heads of non-profit organizations of Leadership Center; Bernard Ramanantsoa, Dean of HEC Paris; Ben Verwaayen, CEO of Alcatel-Lucent; to contribute to building a more Daniel Bernard, Chairman of the HEC Foundation; inclusive economy in France and in Pierre Barnabé, Head of Corporate Human Resources and Transformation at Alcatel-Lucent. developed countries.

22 Executive Education participants in class Privileged corporate relationships

Job placement HEC Paris students receive full support from the Corporate Relations 4 Department which offers its extensive annual recruitment fairs expertise to both recruiters and Legal & Fiscal Career Fair students. International Finance Career Fair Consulting Career Fair One of its missions is to favor meetings between companies and students or HEC Paris is committed to General Career Fair “Les Carrefours” young graduates from the various building partnerships with programs. This objective forms an companies. integral part of HEC Paris’ policy to This cooperation can take many 114 respond to company needs in providing forms and is tailored to companies present on campus over candidates who are intellectually companies’ areas of activity, a two-day period at the “Carrefours mature and prepared for the corporate as well as their research and HEC 2011”, the annual international world. recruitment needs. career fair Students benefit from one-on-one and small group career coaching, as well as targeted workshops and seminars. 250 They are invited to company companies on campus throughout the presentations organized on campus and year to help students find internships or to events off campus such as visits to jobs and enhance their career company premises, business games, opportunities etc.

They also receive customized job- 25 search advice from alumni, consultants, permanent staff dedicated to corporate coaches and peers, before interacting relations and student placement with the hundreds of recruiters who visit the campus every year.

24 The HEC Foundation

HEC Paris has an ongoing policy of Foundation. Becoming a member of the active partnership with companies. This Foundation enables companies to partnership ranges from educational create lasting relationships with HEC cooperation (providing case studies, students, participants and faculty. It is participating in classes, etc.) to major also an ideal way to strengthen their Daniel Bernard, corporate involvement in the HEC image on campus. Chairman, HEC Foundation

ASSOCIATION DES DIPLÔMÉS HEC

Partners of the HEC Foundation as of April 2011

25 Corporate recruitment at HEC Paris

Companies present on campus over a two-day period at les “Carrefours HEC 2011”, the annual international career fair

A.T. KEARNEY GENERAL ELECTRIC NOTAIRES DE PARIS A2 CONSULTING GENERALI FRANCE ASSURANCES NOVARTIS PHARMA AB-INBEV GROUPE ALPHA OC&C STRATEGY CONSULTANTS ACCENTURE GROUPE BPCE - BANQUE POPULAIRE & OGILVY ADVANCY CAISSE D'EPARGNE OLIVER WYMAN AEGIS MEDIA FRANCE GROUPE CASINO ONEIDA ASSOCIES AIR LIQUIDE GROUPE CREDIT DU NORD ORANGE AMAURY SPORT ORGANISATION GROUPE KRAFT FOODS PEPSICO FRANCE GROUPE SEB AMAZON.FR PERNOD RICARD GROUPE SOPARIND BONGRAIN ATOS CONSULTING PHILIPS HENKEL FRANCE AXA PIXMANIA HERBERT SMITH LLP AXA INVESTMENT MANAGERS PRICEWATERHOUSECOOPERS HSBC BAIN & COMPANY PROCTER & GAMBLE BANQUE DE FRANCE IBM FRANCE PROTIVITI BEARINGPOINT IMC FINANCIAL MARKETS PSA PEUGEOT CITROËN BEIJAFLORE INTERNATIONAL FLAVORS & FRAGRANCES PUIG BETC EURO RSCG JCDECAUX RATP BNP PARIBAS JOHNSON & JOHNSON RECKITT BENCKISER BOUYGUES CONSTRUCTION KEA & PARTNERS RENAULT CANAL+ KPMG ROLAND BERGER STRATEGY CONSULTANTS CAPGEMINI CONSULTING KURT SALMON SAINT-GOBAIN CARREFOUR LA COMPAGNIE FINANCIERE EDMOND SANOFI-AVENTIS CELERANT CONSULTING DE ROTSCHILD SCHNEIDER CELGENE LA POSTE SIA CONSEIL CLEARY GOTTLIEB STEEN & HAMILTON LLP LEADERS LEAGUE SNCF CMA CGM LEROY MERLIN COCA-COLA ENTREPRISE LINKLATERS LLP SOCIETE GENERALE COLOMBUS CONSULTING L'OREAL THALES COTY LVMH THE BOSTON CONSULTING GROUP CREDIT AGRICOLE GROUP MAZARS TNS SOFRES CSC, CONSEIL EN MANAGEMENT ET SI MCKINSEY & COMPANY TOTAL CVA MICHELIN UBISOFT DASSAULT SYSTEMES MICROSOFT FRANCE UNIBAIL-RODAMCO DELOITTE MONITOR GROUP UNILEVER EDF MUREX VEOLIA ENVIRONNEMENT ERNST & YOUNG NATIXIS VERTONE EXANE NESTLE WEBHELP FACEBOOK NISSAN EUROPE WHITE & CASE LLP GDF SUEZ NOBLE GROUP WORDAPPEAL

26 Annual Carrefours fair on campus HEC Alumni Association

The HEC Alumni Association, founded Alumni at the top in 1883 is a modern and powerful alumni network with a threefold Jean-Paul AGON mission: CEO, L’Oréal Sébastien BRETEAU U Exchange/Share: enhancing the CEO, Asia Inspection sharing of professional and personal Pascal CAGNI General Manager and Vice-President, experiences among members EMEIA, Apple Isabelle CAPRON U Progress: accompanying members CEO, Fauchon throughout all stages of their careers Henri de CASTRIES Chairman of the Management Board and U Reach out: promoting global CEO, AXA Group awareness of the HEC alumni brand Jean-Marie DRU Chairman, TBWA Worldwide Philippe FORIEL-DESTEZET Honorary President, Adecco Louis GALLOIS CEO, EADS Isabelle GUICHOT President and CEO, Balenciaga The HEC Alumni Association Valérie HERMANN CEO, Reed Krakoff organizes Hubert J OLY and coordinates the alumni CEO, Carlson network to maintain and create Jean d’Arthuys Frédéric JOUSSET President, President and co-Founder, Webhelp friendships and professional HEC Alumni Association Pierre KOSCIUSKO-MORIZET relationships between CEO and Founder, PriceMinister Group Bruno LAFONT the 44,000 members, wherever Chairman and CEO, Lafarge they are and whatever they do. Pascal LAMY 44,000 Director-General, World Trade Organization alumni Valérie PÉCRESSE French Budget Minister François-Henri PINAULT Chairman and CEO, PPR Group 107 Guillaume POITRINAL nationalities CEO, Unibail-Rodamco Henri PROGLIO Chairman and CEO, EDF; President of the HEC Paris Board 64 Baudoin PROT international alumni groups CEO, BNP Paribas Stéphane RICHARD CEO, France Telecom Sidney TAUREL 1,000 Former CEO, Eli Lilly & Co events organized every year in France Yoël ZAOUI and across the world Head of European Investment Banking, Goldman Sachs International Among others

28 The HEC Alumni Association’s General Assembly, June 2010

Around the world 64 international alumni chapters build HEC Paris’ visibility and reputation abroad.

Argentina Indonesia Senegal Australia Ireland Singapore Austria Israel South Africa Belgium Italy South Korea Brazil (Rio de Janeiro and Sao Paulo) Ivory Coast Spain (Barcelona and Madrid) Cameroon Japan Sweden Canada Lebanon Switzerland Chile Luxembourg Taipei China (Beijing, Hong Kong and Madagascar Thailand Shanghai) Malaysia The Netherlands Colombia Mauritius Tunisia Czech Republic Mexico Turkey Denmark Monaco United Kingdom Dominican Republic Morocco United States (Boston, East Coast, Gulf Cooperation Council (GCC) Norway Florida, Midwest and West Coast) Germany (North, South and West) Poland Venezuela Greece Portugal Vietnam (Hanoi and Ho Chi Minh City) Hungary Romania India Russia

29

HEC Paris graduation, class of 2010 International reach

International students 56 MBA exchange programs with such institutions as London as of 1 January 2011 Business School, IESE Business School, Yale University, Wharton School 1,502 of Business, CEIBS, Indian School of international students enrolled in Business and Hong Kong University of graduate programs Science & Technology 95 nationalities The PIM network 25% international students in the MSc program founded in 1973, the Partnership in 85% international students in the MBA International Management is a program consortium of leading international business schools For over thirty years, HEC Paris has been actively establishing International faculty links with international partners, International degrees selected for their high standards 56% 10 Masters double degrees with top and reputation. full-time faculty from abroad universities around the world, such as 29 countries represented MIT Sloan School of Management, HEC Paris offers a unique range Indian Institute of Management - of programs and exchange Ahmedabad, FGV – Escola de programs as well as double International exchange Administraçao de Empresas de Sao degree programs. Paulo, Freie Universität Berlin and programs Technische Universität München Global Exchange program CEMS Master in International an exchange program during the Management foundation year of the MSc in CEMS Global Alliance in Management Management Grande Ecole program Education, founded in Europe in 1989, is with prestigious Faculties of Arts and now the global alliance of 26 leading Sciences worldwide academic institutions and more than 60 72 top universities and business schools multinational companies dedicated to around the world educating and preparing future International Exchange program at generations of international business Masters Level with prestigious leaders. business schools and universities The CEMS MIM is a one-year joint worldwide degree program open to Master's

32 students from CEMS schools preparing Global Initiatives Business Administration (NHH), them for international careers. Among others: Vytautas Magnus University (VMU) and HEC Paris. 13 MBA double degrees HEC Center for Executive including New York University Stern Education and Research in Qatar HEC Paris and Technische School of Business, MIT Sloan School HEC Paris joined the Qatar Foundation Universität München (TUM) of Management, Tsinghua School of in 2010 and is the first European Double Degree Program Economics and Management, National Partner in Education City. In April 2011, the TUM School of University of Singapore Business Qatar Foundation's mission is to Management and HEC Paris launched a School, London School of Economics, prepare the people of Qatar and the double degree master’s program in GSOM-St Petersburg State University region to meet the challenges of an technology and management. This and ESADE ever-changing world, and to make Qatar unique, cross-disciplinary program The Executive MBA a leader in innovative education and aims to train future managers in a unique degree in general research. international technology-driven management that offers HEC Executive MBA and Executive industries. 6 specializations and the option to learn Education programs are delivered in the from the best in 5 different locations heart of Doha’s West Bay zone, one of Centers of expertise around the world: Paris, Beijing, the most rapidly-expanding areas in the Among others: Shanghai, St. Petersburg and Doha world. The HEC Paris Finance Club was set TRIUM Global EMBA HEC Paris-Tsinghua up in 1981 and collects information on an alliance between New York Entrepreneurship Track Program the world financial system for leading University Stern School of in Beijing specialists from various fields of Business, London School of HEC Paris and Tsinghua School of financial management. The Club Economics and Political Economics and Management offer a currently counts 300 members Science and HEC Paris Certificate program in Beijing – the representing a number of major firms. Entrepreneurship Track Program - for The international Executive Master of The HEC Europe Institute was Chinese women to become Science in partnership with Oxford launched as a center for excellence in entrepreneurs. The program, which is Saïd Business School: the Consulting European affairs in 2004, under the supported by the Goldman Sachs and Coaching for Change program leadership of former French Minister “10,000 Women” initiative, trains for European Affairs, Noëlle Lenoir, and underserved Chinese women who Deputy Dean of HEC Paris in charge of International partnerships aspire to, or currently operate, their own Executive Education and Academic business, aiming to provide them with Development, Bertrand Moingeon. It is an integrated entrepreneurial and a center for training, dialogue and 119 managerial education with a global collaborative research for policy Please see map on page 34 perspective. makers, business leaders and Baltic Management Institute: a academic experts across Europe. It focuses on the major socio-economic, International associations Consortium of European Leaders in Business Education political and business issues of the 21 st HEC Paris is a member of the following The mission of Baltic Management century." international associations: Institute (BMI) is to enhance the The HEC Eurasia Institute is a think AEABIS - the European Academy of management skills of executives and tank on Asian business based on a Business in Society business leaders in the Baltic region in strong dedicated research body at HEC EDAMBA - the European Doctoral order to ensure its continuing economic Paris. It provides services to European Programs Association in Management success and its integration into the companies in developing their and Business Administration global economy. It combines the strategies in the Asian market. Since its EUDOKMA - the European Doctoral knowledge, resources and experience of establishment by Jacques Gravereau in School on Knowledge and Management five leading European business schools: 1988, the Institute has earned wide UNICON - the International University Copenhagen Business School (CBS), recognition for its expertise of the Asian Consortium for Executive Education Louvain School of Management (LSM), region. Norwegian School of Economics and

33 IN EUROPE 12 IESE Business School, Barcelona, Spain Stockholm, Sweden 1 Aalto School of Economics , Helsinki, Finland 13 Instituut voor Bedrijfskunde, Zeist, Netherlands 23 GSOM - St. Petersburg State University, School of Management, 2 Ashridge Business School, Ashridge, UK 14 Koç University, Istanbul, Turkey St. Petersburg, Russia 3 Baltic Management Institute, Vilnius, Lithuania 15 London Business School, London, UK 24 Technische Universität München, Munich, Germany 4 Bogaziçi University, Istanbul, Turkey 16 London School of Economics and Political Science, London, UK 25 Trinity College Dublin, Dublin, Ireland 5 Copenhagen Business School, Copenhagen, Denmark 17 Manchester School of Business and Management, Manchester, UK 26 Universidad Carlos III de Madrid, Madrid, Spain 6 Corvinus University of Budapest, Budapest, Hungary 18 MGIMO, Moscow State Institute of International Relations, 27 University College Dublin, The Michael Smurfit Graduate School of Business, 7 Cranfield University, Bedford, UK Moscow, Russia Dublin, Ireland 28 University of Belgrade, Faculty of Economics, 8 ESADE, Barcelona, Spain 19 Norwegian School of Economics and Business Administration, Belgrade, Serbia 9 Faculdade de Economicas da universidade Nova de Lisboa, Bergen, Norway 29 Università Commerciale Luigi Bocconi, Milan, Italy Lisbon, Portugal 20 Oxford Saïd Business School, Oxford, UK 30 University of Edinburgh, Edinburgh, UK 10 Freie Universität Berlin, Berlin, Germany 21 Rotterdam School of Management, Erasmus Universiteit Rotterdam, 31 University of Cologne, Universität zu Köln, Cologne, Germany 11 IE Business School, Madrid, Spain Rotterdam, Netherlands 22 Stockholm School of Economics, Handelshogskölan i Stockholm,

61 54 73 57 43 75 77 60 67 44 65 56 66 46 53 50 76 55 64 47 74 69 62 49 68 48 72 45 63 59 70 71

51 58 52

81 80

84

78

HEC Paris Academic Partners 79

G Exchange programs 83

G Double degrees and joint programs: MSc in Management, 82 MBA, EMBA, TRIUM EMBA 85

G HEC Center for Executive Education & Research

61 University of British Columbia Sauder School of Business, 69 University of Pennsylvania, Wharton School of Business, IN SOUTH AMERICA Vancouver, Canada Philadelphia, USA 78 Fundação Dom Cabral , Belo Horizonte, Brazil 62 University of California, Berkeley, Haas School of Business, 70 University of Southern California, Marshall School of Business, 79 Fundação Getulio Vargas, Escola de Administraçao de Empresas Berkeley, USA Los Angeles, USA de São Paulo, São Paulo, Brazil 63 University of California at Los Angeles, Anderson School of 71 University of Texas, McCombs School of Business, Austin, USA 80 Instituto de Estudios Superiores de Administracion, Caracas, Management, Los Angeles, USA 72 University of Virginia, the Darden School, Charlottesville, USA Venezuela 64 University of California, Davis, Graduate School of Management, 73 University of Washington, Michael G. Foster School of Business, 81 INCAE Business School, Alajuela, Costa Rica Davis, USA Seattle, USA 82 Pontificia Universidad Catolica de Chile, Escuela de Administración 65 University of Chicago, Graduate School of Business, Chicago, USA 74 University of Western Ontario, Richard Ivey School of Business, Santiago, Chile 66 University of Michigan, Michigan Ross School of Business, London, Canada 83 Universidade Federal do Rio Grande do Sul, Porto Alegre, Brazil Ann Arbor, USA 75 Wisconsin School of Business, University of Wisconsin-Madison, 84 Universidad ESAN, Lima, Peru 67 University of Minnesota, Carlson School of Management, Wisconsin, USA 85 Universidad Torcuato Di Tella, UTDT, Buenos Aires, Argentina Minneapolis, USA 76 Yale University, New Haven, USA IN ASIA 68 University of North Carolina, Kenan-Flagler Business School, 77 York University, Schulich School of Business, Toronto, Canada 86 Asian Institute of Management, Makati, Philippines Chapel Hill, USA 87 China Europe International Business School, CEIBS, Shanghai, China 32 University of Economics, Prague, Prague, Czech Republic IN NORTH AMERICA 53 Massachusetts Institute of Technology, 33 Universität Mannheim, Mannheim, Germany 43 Babson College, Wellesley, USA Massachusetts Cambridge, USA 34 Universidad Politecnica de Catalunya, Barcelona, Spain 44 Boston University, School of Management, Boston, USA 54 University McGill-Desautels, Faculty of Management, 35 Universidad Politecnica de Madrid, Madrid, Spain 45 Columbia University, Columbia Business School, New York, USA Montreal, Canada 55 New York University, Leonard N. Stern School of Business, 36 Universität St. Gallen, St. Gallen, Switzerland 46 Cornell University, Samuel Curtis Johnson Graduate School of 37 Louvain School of Management, Louvain, Belgium Management, Ithaca, USA New York, USA 56 Northwestern University, Kellogg Graduate School of Management, 38 Warsaw School of Economics, Warsaw, Poland 47 Dartmouth College, Tuck School of Business, Dartmouth, USA 39 Warsaw University of Technology, WUT Business School, 48 Duke University, Fuqua School of Business, Durham, USA Chicago, USA 57 Queen’s School of Business, Warsaw, Poland 49 Emory University, Goizueta Business School, Atlanta, USA Kingston, Canada 58 Technológico de Monterrey (ITESM), 40 Warwick Business School, University of Warwick, Coventry, UK 50 Indiana University, Kelley School of Business, Bloomington, USA Monterrey, Mexico 59 Thunderbird University, American Graduate School of International 41 WU Vienna University of Economics and Business, Vienna, Austria 51 Instituto Panamericano De Alto Direccion De Empresa, Management, 42 WHU Otto Beisheim Graduate School of Management, Mexico City, Mexico Glendale, USA 60 Tufts University, the Fletcher School , Vallendar, Germany 52 Instituto Tecnológico Autónomo de México, Mexico city, Mexico Boston, USA

19 1 30 22 23 17 40 5 3 18 27 7 16 2 20 10 38 39 25 15 21 13 37 31 42 33 32 6 24 41 36 28 96 29 35 26 34 8 11 4 14 105 9 12 102 90 10697 116 103 8 7 117 89 113 107

115 114 112 92 91 88 99 95 94 118 86 93 101

98 104 100

119

110 111 109 108

88 Chinese University of Hong Kong and CUHK Faculty of Business 100 National University of Singapore Business School, Singapore 110 University of New South Wales, Australian Graduate Administration, Hong Kong, China 101 SASIN Graduate Institute of Business Administration, School of Management, Sydney, Australia 89 Fudan University, School of Management, Shanghai, China Bangkok, Thailand 111 University of Sydney,Faculty of Economics and Business, 90 Hitotsubashi University and Hitotsubashi ICS, Tokyo, Japan 102 Seoul National University of Korea, College of Business Sydney, Australia 91 Hong Kong University of Science and Technology Business School, Administration, Seoul, South Korea IN THE MIDDLE EAST Hong Kong, China 103 Shanghai International Studies University, Shanghai, China 112 Abu Dhabi University, Abu Dhabi, United Arab Emirates 92 Indian Institute of Management Ahmedabad, Ahmedabad, India 104 Singapore Management University, Singapore 113 Kuwait University, College of Business Administration, 93 Indian Institute of Management Bangalore, Bangalore, India 105 Tsinghua University School of Economics and Management, Kuwait City, Kuwait 94 Indian Institutes of Technology (7) network, Mumbai, India Beijing, China 114 King Saud University, Riyadh, Saudi Arabia 95 Indian School of Business, Hyderabad, India 106 University of Tokyo, Tokyo, Japan 115 Qatar Foundation, Doha, Qatar 96 International Academy of Business, Almaty, Kazakhstan 107 Zhejiang University School of Management, Hangzhou, China 116 Technion Israel Institute of Technology, Technion City Haifa, Israel 97 Keio University and Keio Business School, Tokyo, Japan IN OCEANIA 117 Tel Aviv University, Leon Recanati Graduate School of Business 98 Nanyang Technological University, Nanyang Business School, 108 Auckland University of Technology, Faculty of Business, Administration, Tel Aviv, Israel Nanyang, Singapore Auckland, New Zealand IN AFRICA 99 National Taiwan University College of Management, Taiwan 109 University of Melbourne, Melbourne Business School, 118 ISM Dakar, Dakar, Senegal Victoria, Australia 119 University of the Witwatersrand, Wits Business School, Social awareness

In the programs The “Alter-Management” specialization The MSc and the Specialized Master Established in September 2006, the in Sustainable Development Alternative Management Major is a Both programs’ academic ambition is to specialization available to students in train creative and determined the final year of the MSc in managers and leaders who will help to Management program interested in transform the business model of Over the years, HEC Paris has exploring new ways of thinking that companies, and invent new models multiplied its sustainable- challenge established ideas. creating wealth for all, with no negative development and social impact on nature and people. The “Social Business” Certificate initiatives. The curriculum focuses not only on program These initiatives all form part providing students with all the Offered in the final year of the MSc in of an organizational learning necessary knowledge on environmental Management program as a process which HEC Paris and social stakes (climate change, complement to the student’s seeks to further strengthen biodiversity, poverty…) but also on the specialization, as well as MBA, MSc and and develop, thereby positioning changing environment of companies Specialized Masters students, this societal and environmental (pressures of civil society, financial certificate aims to contribute towards markets and soft and hard laws). issues at the heart of training a new generation of managers, the school’s strategy. aware of societal challenges and Since September 2008, a Major in aspiring to be part of the solution, There are three main focuses Sustainable Development has been regardless of their professional activity. within the initiatives: teaching available to students in the final year of The objective is not necessarily for all and research, equal opportunities the MSc in Management program. students to work in Social Business, and a green/eco-friendly campus. but for them to acquire an awareness of The Social Realities and the importance of these issues in their Innovations Academy field of work and to develop questioning This Academy is one of nineteen short skills about the role of business in courses offered to MSc students. Held society. over 2-3 weeks in January, this short program encourages participants to reflect on current social issues, such as old-age isolation or extreme poverty.

36 Development of Social Awareness The goal is to help firms develop a Alternative Management in the MBA program series of social experimentations Observatory (AMO) For years now, the HEC Paris MBA has seeking to alleviate poverty. Twelve The AMO welcomes students, developed an integrated approach to multinational corporations are active researchers and executives who think teaching business ethics, sustainability within the “Action Tank” at this stage, in outside the box. AMO publications and corporate social responsibility, in four different working sectors, and this include case studies, articles and order to develop social awareness. number is still growing. papers. Initiatives like introducing courses This chair is co-presided by Professor covering sustainable business Muhammad Yunus and Martin Hirsch, The Society and Organizations practices, the proposition of a wide and receives financial support from (SnO) Research Center range of relevant electives, the annual Danone, Schneider Electric, the French The SnO Research Center was created on-campus Sustainable Business government (DGCS) and private donors. in the wake of the 2008 financial crisis Conference, the integration of Mission to question the prevailing socio- and Action Projects reflect the HEC The GDF Suez “Business economic models of the time and Paris MBA’s ongoing commitment to Sustainability” Chair investigate their historical foundations. forecasting and meeting the changing Building on a wide range of disciplines needs of global business. (economy, sociology, psychology, history) and theoretical frameworks, SnO members study how organizations Research through affect broader social issues and, the Chairs conversely, how changes in the political and social spheres affect organizational The “Social Business/Enterprise actions. SnO is supported by the HEC and Poverty” Chair Foundation. This chair focuses on business models for sustainable development and how they can be used to generate growth Social diversity and create value. It examines social In partnership with the French Ministry entrepreneurs and multinational of National Education and the HEC corporations coming together in social Foundation, HEC Paris continues to business initiatives. It also explores the The aim of the chair is threefold: develop targeted tutoring and water and energy sectors and the U To the next generation of mentorship programs. These initiatives educate conditions required to transform managers, encouraging them to aim to promote academic achievement volume strategies into value strategies . become more aware of societal and equal opportunity among promising challenges: The chair offers the The Renault “Multicultural students from disadvantaged integrated “Social Business Certificate Management and Corporate backgrounds. program” as well as several shorter Performance” Chair courses on the topic. Through the “ ”, Dedicated to the study of daily Cordées de la Réussite HEC Paris supports and tutors more U To develop quality research on cooperation of teams from different than 200 students from preparatory strategic innovation in societal fields as countries and cultures, this chair schools in the Paris suburbs and in two well as composing case studies on places particular emphasis on French overseas departments. themes involving social business and managerial practices geared to the ways in which business can economic realities and to all types of ( contribute to alleviating poverty. cultural diversity: national, professional PACE Programme d’action et de ) also U To bring together large firms, and organizational. coopération pour l’éducation supports students from disadvantaged government members and heads of areas in the Paris region in their final non-profit organizations to contribute to years of school, preparing them for building a more inclusive economy, in further education. is designed France and in developed countries PREP’ more specifically for students preparing through the “Action Tank” initiative . to attend business schools.

37 These two programs involve more than students in their first and second years 60 HEC Paris students, all volunteers to accompany social entrepreneurs in Focus from large associations such as Fleur different projects or missions. Connecting people through de Bitume . technology Another student association Genepi organizes workshops and courses in Equal opportunities prisons. To support access to excellence to The HEC Paris Net Impact club is in students from disadvantaged charge of the on-campus annual backgrounds and to enhance social Sustainable Business Conference that diversity on campus, HEC Paris brings together more than 300 people Muhammad Yunus arrives at the conference launched a new need-based tuition fees to dialogue on the crucial challenges in On December 9, 2010, international policy in spring 2009 where eligible social and environmental sustainability. thinkers and social activists convened students pay neither entrance exam nor on the HEC Paris campus for tuition fees. The initiative is supported Handifférence aims to make future Digital4Change, a conference aimed at by the HEC Alumni Association and the managers more aware of the issues encouraging people to change the HEC Foundation. faced by disabled people in their world through technology-based social everyday lives. Class Gift actions. The event was co-organized by HEC Paris and danone.communities Created in 2005 by three HEC Paris Responsible campus along with over 50 partners and in students, this initiative encourages Beyond the academic programs it partnership with French European students to say ‘thank you’ before offers, HEC Paris is also a practitioner Commission representatives as part of leaving the campus by donating towards of socially responsible initiatives. the 2010 European Year for Combating HEC Paris’ development. Donations Poverty and Social Exclusion. The made to the HEC Foundation go In June 2005, the school launched the conference united participants from towards financing scholarships and ‘Responsible Campus’ initiative, which different European locations via live grants for future students. aims to integrate sustainable broadcast, streamed over the Internet. development and social responsibility into teaching and research, campus life Digital4Change brought together Nobel Social awareness on and social engagement. Peace Prize winner Muhammad Yunus and Martin Hirsch, President of campus An annual awareness day called France's Civil Service Agency with Growing student response to HEC Paris Rethink showcases the ongoing efforts other panelists from leading initiatives is reflected by the increasing of staff, teachers and students to technology and social organizations levels of involvement of students from integrate sustainability into their daily including Florence Devouard all programs in missions, internships, lives. (independent consultant and former professional theses, student-led clubs In 2007, HEC Paris underwent a carbon board member of Wikimedia), Matt and the organization of numerous emissions audit, and the school Flannery (Kiva.org founder), Walter de conferences on social business-related recently published its first Sustainable Brouwer (One Laptop Per Child – subjects. Development Report, with a view to Europe), Mitchell Baker (Mozilla World) further reducing its carbon footprint. and Joe Green (Causes co-founder). ESP’R: an HEC Paris association for Keynote speeches and debates Hope challenged participants to rethink how The ESP’R is an initiative set up by an web 2.0 technologies can help develop HEC Paris student association enabling the means to escape poverty and become tools for social inclusion.

38 “Rethink” annual awareness day Entrepreneurship

In the programs MBA Entrepreneurs Track As part of the customized HEC Paris Entrepreneurial themes are woven throughout the curriculum of HEC MBA program, participants can choose Paris’ academic programs which give to follow classes in entrepreneurship. students first-hand exposure to Available during the second half of the experienced entrepreneurs, venture MBA, the Entrepreneurship and capitalists and consultants through Innovation track enables students to coursework, group projects and develop an understanding of all the key seminars designed to test and hone issues and phases an entrepreneur will HEC Paris provides the their entrepreneurial skills. be faced with. educational programs, The track is offered with three types of environment and opportunities HEC Entrepreneurs entrepreneurs in mind: self entrepreneurs (create, develop, manage most conducive to the success “HEC Entrepreneurs” is both a small and medium sized companies of students, participants specialization for HEC Paris MSc in and start-ups); corporate entrepreneurs and graduates with Management students in their final year (set up / manage a business unit) and entrepreneurial ambition. and a Specialized Masters dedicated to takeover entrepreneurs (private equity young French and international investors / managers). graduates. “HEC Entrepreneurs” aims to train Executive Education young entrepreneurs who are ready to step into positions of operational Challenge + responsibility alongside managers, but A leading training program created for also as creators, venture capitalists or early-stage companies working on as strategic advisors. To this end, the innovative projects with strong potential Specialization in Entrepreneurship and growth (24 days training over one offers students a human, scientific year). training through concrete field missions 350 + companies have taken part since and theoretical courses. the program’s creation in 1990 300 + professionals are currently taking part in the major

40 HEC Family Business Center 65 start-ups have been supported by Social Entrepreneurship Summer A center whose role is to design and the HEC Incubator since its creation, in School develop, within HEC Paris, training the internet, mobile phone, software, courses and research related to the media, and business services sectors, problems of family entrepreneurial each of which offers innovative services projects. The center proposes several and a high potential for strong management programs, short seminars development. and family business related events. 30 new business ventures, out of around 200 proposals, are launched from student ideas every year. The Entrepreneurial 1,000 students interact with the The Université du droit d’entreprendre is Excellence Fellowship incubator start-ups each year across all designed in partnership with the SFR areas of course study, in class lectures, Foundation and the Talents des Cités This fellowship receives the support of case studies, start-up internships, competition and is co-financed by the the CCIP. research projects, etc. European Social Fund for It is directed by Frédéric Iselin, Affiliate entrepreneurs in outer city regions. 100 mentors from HEC alumni support Professor of entrepreneurship, and is Participants come from disadvantaged the start-ups every year. They are in co-chaired by Jacqueline Fendt from urban areas. Over three days, they senior management positions or are ESCP Europe and Maria Bonnafous- benefit from HEC Paris faculty and entrepreneurs themselves. Boucher from Advancia Negocia. executives' support, through training sessions and workshops to stimulate The HEC Incubator is supported by Launched in December 2006 by the their business projects and develop Pierre Kosciusko-Morizet, entrepreneur CCIP, this fellowship brings together their management skills. the expertise of 4 schools: HEC Paris, and Founder of PriceMinister Group. ESCP Europe, ESIEE Paris and Advancia Negocia. Its aim is to encourage Special annual event research on entrepreneurship and Initiatives HEC Mercury prize for innovation and to incorporate this HEC Paris Start-up In Vitro entrepreneurship academic knowledge into management There are entrepreneurs without training, for application in a professional projects and projects without environment. entrepreneurs. This is why in March 2011 HEC Paris launched the pro-active initiative to match new innovative ideas HEC Incubator with highly skilled entrepreneurs. There Launched in 2007 for HEC Paris have been 10 start-ups as of May 2011. students and young graduates, the HEC Incubator assists innovating business This has been the largest annual start-ups in their development, by entrepreneurship meeting organized by providing mentoring, workshops, the HEC Alumni Association for twelve networking and support in fundraising. years. The awards recognize entrepreneurial spirit at HEC Paris and the development of the HEC Paris brand’s entrepreneurial values across the world.

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Shooting a student film on HEC Paris campus A100M 55 fundraising drive over 5 years corporate partners (as of April 2011) including 15 Chairs A70M Please see the list on page 20 pledged in 2010 112 major donors (above u150,000) For HEC Paris to continue 4 One alumni gift of u5 million strengthening its international funding priorities for HEC: competitiveness, fundraising has become a vital tool. Scholarships 345 To help finance HEC Paris’ Attract talented and diverse students alumni donors, members of our five ambitions, the HEC Foundation with competitive financial aid clubs (above u5,000) launched its first fundraising campaign in 2008. Research faculty Recruit world-class professors to 4,300 donors produce innovative research (2,200 donors in 2010) Pedagogy Upgrade teaching tools in line with current technology and business practices

International Strengthen HEC Paris’ international visibility through investment in quality academic partnerships

44 Our major donors’ generosity is Partner Members Yves CANAC, H.76 Managing Partner, Conseil Audit & truly valued and recognized in our Donald BRYDEN, Synthèse Sarl H.74 Senior Advisor, Oaktree Capital France major donors’ circle Philippe CAPRON, Tony CHEDRAOUI, H.79 Member of the Management Board - H.00 Founder and Chief Investment Officer, CFO, Vivendi Tyrus Capital Vianney de CHALUS, Paul DINI, H.77 President, Chalus Chegaray & Cie H.60 President, Finadin Cyrille CHEVRILLON, Grand HEC Loïc H.97 & Olivia MBA.98 FERY H.76 Managing Director, Member of the CEO, Chenavari Philippe FORIEL-DESTEZET, Executive Committee, Candover and H.58 Honorary President, Adecco Business Development Manager, The Lawn Founder, Chevrillon & Associés Tennis Association Hervé CLAQUIN, François FEUILLET, H.73 CEO, Abénex Capital H.70 CEO, Trigano Christophe CREMER, Benefactors Thierry FLECCHIA, H.76 CEO, Prestashop and Founder, H.84 President, Flinvest MeilleurTaux.com Pierre BELLON, Philippe GINESTIE, Frank DANGEARD, H.54 Chairman of the Board of Directors, H.66 Partner, Cabinet Ginestié Magellan H.80 Managing Director and Founder, Sodexo Paley-Vincent Harcourt Daniel BERNARD, Jean-Marie MBA.80 Pierre DANON, H.69 Chairman, HEC Foundation; Chairman, & Laurence MBA.80 HENNES, MBA.80 CEO, Numericable-Completel Kingfisher plc; Chairman, M.A.F Retail Executive Vice President, Mars & Co; Group; President, Provestis; Senior Advisor, Honorary President, HEC Foundation Gaël DUTHEIL de LA ROCHERE, Tower Brook Partners H.88 Founder, Acorn Equity Eric LOMBARD, Henri de CASTRIES, H.81 Chairman and CEO, BNP Paribas Denis DUVERNE, H.76 Chairman of the Management Board Assurance H.74 Deputy CEO in charge of Finance, and CEO, AXA Group Strategy and Operations, AXA Group Bernard MEHEUT, François-Henri PINAULT, H.60 CEO, IDI Asset Management Michel de FABIANI, H.85 Chairman and CEO, PPR group H.67 Former President, BP France and Vice Bruno MOINEVILLE, President Europe, BP Group Didier PINEAU-VALENCIENNE, MBA.88 Partner, Altice H.54 Honorary President, Schneider; Jean-Marie FABRE, Frank PIEDELIEVRE, H.71 President, Parvilla President, Sagard Private Equity Partners H.79 President and CEO, Bureau Veritas André FRANÇOIS-PONCET, Valérie TAITTINGER, Guillaume POITRINAL, H.80 Managing Partner, BC Partners H.94 Co-Founder, Little Chef H.89 CEO, Unibail-Rodamco Nathalie H.99 and Mathieu H.98 GAVEAU, Stéphane RICHARD, Founder & CEO, Shopvolution Ltd H.83 Chairman and CEO, France Telecom Global Head IR Options & Exotics, BNP Paribas SA Honorary Members Pascal STEFANI, H.88 Managing Partner, Advent International Nicolas GIAUQUE, Jean-Luc ALLAVENA, H.93 Fund Manager, Noonday Asset H.86 Managing Partner, Apollo Management Management LLP International LLP; Honorary President, HEC Bruno GROB, Alumni Association and HEC Foundation Members H.72 President, Otis Pierre ANDURAND, Isabelle GUICHOT, Andurand, M.00 Managing Partner, Chief Jean-Paul AGON, H.86 President and CEO, Balenciaga Investment Officer, BlueGold Capital H.78 CEO, L’Oréal management Jean-Jacques GUIONY, Joseph AUDI, H.84 CFO, LVMH and CEO, Samaritaine René-Pierre AZRIA, H.71 President, Interaudi Bank H.78 President, Tegris LLC Guillaume d'HAUTEVILLE, Makram AZAR, H.85 Vice Chairman - Investment Banking Olivier COMBASTET, H.90 Managing Director, Head of Investment Europe, Nomura International MBA.86 CEO, Pergam Finance Banking Middle East & North Africa Barclays Capital Pascal de JENLIS, Pierre-Antoine GAILLY, H.73 President, Hameur & Cie H.75 President, CCIP Jean-Luc BELINGARD, H.71 CEO, bioMerieux Frédéric JOUSSET, Sylvain HEFES, H.92 President and co-Founder, Webhelp H.74 Senior Advisor, Rothschild & Son Sébastien BRETEAU, M.97 CEO, Asia Inspection Hubert JOUSSET, Bertrand LEONARD, H.65 President, Gefip H.85 Deputy CEO, Exane Séverin BRIZAY, H.93 Managing Director, JPMorgan Claude JOUVEN, Bernard PARENT, H.62 Former CEO, Citibank/Citigroup France, H.61 Pascal CAGNI, Belgium, Luxembourg and Ireland; Honorary MBA.86 General Manager & Vice President State Advisor Yoël ZAOUI, EMEIA, Apple H.82 Head of Investment Banking Division for Europe, Goldman Sachs International

45 Pierre KOSCIUSKO-MORIZET, Ludovic de MONTILLE, Olivier SIBONY, H.99 CEO and Founder, PriceMinister Group H.77 Head of Territory, BNP Paribas UK H.88 Managing Partner, McKinsey & Cie Pierre de LABOUCHERE, Patrick MOUTERDE, Pierre TATTEVIN, H.76 President and CEO, J.T. International H.89 CFO, PAI Partners H.79 Managing Partner, Lazard Frères SA Lise NOBRE, Rémi TERRAIL Henri LACHMANN, H.86 Partner, Butler Capital Partners H.91 H.61 Chairman of the Supervisory Board, Philippe ODDO, Jean-Pierre VALERIOLA, Schneider Electric Industries SAS H.84 Managing Partner, Oddo & Cie H.57 Communications Director, Bettencourt Bruno LAFONT, Schueller Foundation H.77 Chairman and CEO, Lafarge Jean-François PALUS, H.84 CFO and Deputy CEO, PPR Christian VULLIEZ, H.66 Member of the High Council for Henri LAGARDE, Alain PAPIASSE, H.63 CEO, Fedal EMBA.89 Head of corporate and investment Education, French Ministry of National Education Jean-Louis LAURENS, banking, BNP Paribas H.77 Managing Partner, Rothschild & Cie Jean-Luc PARER, Bank H.76 Head of Global Finance, Société Marc-Olivier LAURENT, Générale H.75 Managing Partner, Rothschild & Cie Jean PETERS, Bank H.66 President, Jap International Ltd Our circles of major donors: Alain LEBLEU, Christian PEUGEOT, H.70 President, ATC Group Inc. H.76 Marketing Central Manager, PSA Grand HEC: u5 million Yann LECA, Peugeot Citroën Grand Benefactor: u2 million H.88 CEO - Supplier Group, Polyconcept Samuel PINTO, Benefactor: u1 million Pierre LEDOUX, H.78 Head of Asset Management, Edmond Honorary Member: u500,000 H.35 † de Rotschild Investment Partners Partner Member: u250,000 Philippe LE BOURGEOIS, Henri PROGLIO, Member: u150,000 H.86 Managing Partner, Rothschild & Cie H.71 Chairman and CEO, EDF; President of Bank the HEC Paris Board Pierre-Louis le FAOU, Baudouin PROT, www.thecampaign-hec.com H.71 President, LFC Partners H.72 CEO, BNP Paribas www.hec.fr/fondation Jacques LEHN, Pascal H.84 & Françoise H.88 QUIRY, H.65 Senior Advisor, Goetz Partners Managing Director, BNP Paribas Corporate Finance Jean-Louis RAMBAUD, Jean-Jacques LEJAL, H.87 † H.77 Managing Partner, Capital Industries & Deepak RAO, Associés H.95 Managing Director, Goldman Sachs Jean-Claude LE LAN, International EMBA.91 Chairman of the Supervisory Claude RAZEL, Board, Argan SA H.53 Chairman of the Supervisory Board, Michel H.70 & Evelyne LEONARD, Editions LJSA Managing Partner, SARL Bellavoine Robin ROUSSEAU, Philippe MARIEN, H.93 Managing Director, Goldman Sachs H.80 CFO, Bouygues International Erik MARIS, Karim H.97 & Julie H.96 SADDI, H.88 Managing Partner, Messier Maris & Private Equity Partner, Tower Brook Associés Gwénaël de SAGAZAN, Alain MASSIERA, H.80 Partner, DC Advisory Partners H.77 Head of the Crédit Agricole S.A. Group's Laurent SAGLIO, Private Banking business H.85 Managing Director, Zadig Asset Dominique MEGRET, Management H.70 Former President PAI Partners Bertrand H.87 & Isabelle H.87 SCHWAB, Paul H.87 & Diane H.87 MIZRAHI Partner, Patron Capital Ltd Managing Director, BlackFin Capital Jean-Dominique SENARD, Partners H.76 Managing Partner, Michelin Denis MONNOYEUR, Olivier SEVILLIA, H.76 Managing Director, Monnoyeur SAS MBA.90 CEO South Europe & Latam, Capgemini Consulting

46 A place where leaders speak

HEC Paris has the honor of welcoming leading figures from French and international public and private sectors to speak to students on campus.

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1 5 3

7 4 6 8

10 9 12 11

The above have each received HEC Paris honorary degrees. Honorary degrees are awarded at official ceremonies at which the recipients are invited to make a speech of acceptance before the assembled faculty, graduates and students.

From left to right 1- José Manuel BARROSO , President of the European Commission 2- Jacques DELORS , Former President of the European Commission 3- Bill GATES , Chairman, Microsoft 4- Valéry GISCARD d'ESTAING , Former President of France 5- Mikhaïl GORBATCHEV , Former President of Russia 6- Jeffrey IMMELT , CEO, General Electric 7- Helmut KOHL, Former Chancellor of Germany 8- Aleksander KWASNIEWSKI , Former President of Poland 9- Samuel J. PALMISANO , Chairman, President and CEO, IBM 10- Romano PRODI , Former Prime Minister of Italy and former President of the European Commission 11- Helmut SCHMIDT , Former Chancellor of Germany 12- Abdoulaye WADE , President of Senegal

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New amphitheater at the HEC Paris campus Highlights from 2010-2011

Ongoing international exchange and joint research projects; student exchanges; executive education development and a double degree HEC MSc in Qatar Foundation Management Grande Ecole program and IIM-A Post Graduate Program in Management.

Leading the way for Maintaining its leading position knowledge sharing in business education, HEC Paris has bolstered its Qatar Foundation (QF) and HEC Paris HEC Paris and iTunes U launched a unique partnership in June international presence by 2010 for degree and custom executive forging strategic partnerships programs aimed at providing cutting- with leading institutions around edge practices in management the world. education in Qatar and the larger Gulf Still strengthening and region, targeting experienced managers In March 2010, HEC Paris became the developing its programs, and executives. HEC Paris became QF first French business school to share its knowledge and academic content HEC Paris continues Education City’s first European Partner. This unique initiative with QF resulted in (courses and conferences) on iTunes U. to enhance the HEC Less than three months after the the successful launch of Qatar’s first experience for all participants. launch of HEC Paris on iTunes U, the ever Executive MBA in February 2011 academic content made by HEC Paris and the establishment of a new Chair faculty was widely acclaimed. Many with Total, which has long supported courses now form part of the most HEC Paris’ arrival to Qatar. downloaded podcasts on iTunes U, four of which were selected by the editorial IIM-Ahmedabad Strategic board of iTunes U to be showcased on Partnership the international iTunes U homepage. Following this great success in 2010, HEC Paris and the Indian Institute of with a range of public lectures and Management Ahmedabad (IIM A) have ‐ ‐ courses available for download, HEC extended the cooperation between the Paris has been developing its academic two leading business schools by content by uploading full research officially signing a Strategic Partnership workshops on its iTunes U site. Agreement. It encompasses the following areas of cooperation: faculty 50 News from the campus U Social Business, sponsored by Over 1,000 candidates from Africa, Danone, Schneider Electric, the Brazil, China, Europe, India, Japan, MSc in Management’s Academies French government (DGCS) and Russia and the US took part in the In January 2011, HEC Paris Grande private donors international business project students participated in the Ecole U Real Estate, sponsored by Unibail- competition, which culminated in an Academies, two-and-a-half-week Rodamco and Morgan Stanley exclusive awards ceremony held in seminars offered once a year and Shanghai on 15 July 2010. The U Luxury Strategies, sponsored by PPR structured around a series of topical 5 winning teams were awarded the Luxury Group seminars alternating theoretical study, Lafarge, Sodexo, Schneider Electric, practical workshops, case studies and U Digital Business, sponsored by Free, Veolia Environnement prizes and the group work. Meetic, Pixmania, vente-privee.com Golden Prize from the Bank of China. and Pierre Kosciusko-Morizet as a Options cover a wide range of topics private donor including social innovation, film, business creation, consulting, Ongoing support from e-business, business negotiations and public speaking. A new approach to the business world management HEC Paris is expanding its corporate Leadership in Real Estate network through new and renewed Partnership with National Museum partnerships and chairs. HEC Paris has established a unique of Asian Arts Guimet HEC Paris launched 3 new chairs partnership with the Wisconsin School HEC Paris signed an exclusive between June 2010 and February 2011: of Business, USA, for the Global Real partnership with the National Museum the e-business chair “Digital Innovation Estate Master (GREM) Program. The of Asian Arts Guimet in October 2010 to for Business”, the GDF Suez chair GREM is an innovative short degree encourage students to experience the “Business Sustainability” and the AXA program in partnership with the best arts and traditions of the Asian and chair “Decision Science”. business schools in Asia and Latin Oriental worlds with a new managerial Furthermore, seven forward-thinking America. It is the first and only and multicultural perspective. The corporations have joined HEC Paris. graduate-level business program collaboration involves classes and Alcatel-Lucent and MSD China (Merck), designed to provide students with a seminars led by the museum speakers joined the Visions of Leadership Center. specific set of skills and experiences and curators and group work with a Schneider Electric now co-supports that will prepare them to be leaders in focus on the national exhibitions. global real estate. Participants receive HEC Paris' Social Business/Enterprise two degrees and join two top-ranked and Poverty chair. Free, Meetic, international business school alumni Pixmania and vente-privee.com have networks. International Competition joined the HEC Foundation and now Shanghai 2010 Awards sponsor HEC Paris' new Digital Business chair, with the support of Certificate programs Pierre Kosciusko-Morizet, Founder of The Certificate programs are offered to PriceMinister, as private donor. students in their final year of the MSc in The support of these leading Management program and to MBA organizations allows HEC Paris to be at participants as a complement to the the forefront of management research. specialization. They are a set of For further information on the chairs, please interdisciplinary courses corresponding see page 20. to approximately 100 contact hours as well as business projects and other Awards ceremony, Shanghai Grand Theatre types of field work related to a given In March 2010, HEC Paris and Tsinghua sector, sponsored by a company. Last but not least SEM launched the “Entrepreneurship Students who successfully complete all Campus extension and the Sustainable City” competition the courses in the same program are HEC Paris will inaugurate 8,000 m² of related to the Shanghai World Expo awarded an additional HEC Paris campus extension at the end of 2011, 2010 theme, “Better City, Better Life”. certificate. including residential and study The event was designed to raise facilities. U Energy and Finance, sponsored by awareness among business students Deloitte and Société Générale and young entrepreneurs about the This will increase the campus size to opportunities and challenges of 1,3 square kilometers. sustainable urban development.

51 Editor Bernard Ramanantsoa Dean

Catalog Coordinators Delphine Wharmby Communications Director [email protected]

Elisabeth de Réals Media Relations Manager [email protected]

Samantha Williams Communications Assistant

Photo credit Jean-Marc Biais for HEC Paris F. Daburon for CCIP (page 5)

This document is printed on paper from eco-friendly forests

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