A Year to Celebrate ivey business school | 2013 annual report A Year to Celebrate

Let’s consider 2013 a bridge. First, it was a bridge with the past, as 2013 marked the 90th anniversary of Ivey’s first graduates. It also connected us with a bright future with the opening of the new Richard Ivey Building and the coming together of the entire Ivey community – students, faculty and staff – in this landmark structure. We solidified that future with Bob Kennedy, who became Ivey’s ninth Dean after a decade of growth led by Carol Stephenson. Throughout the pages of this report, you’ll gain a strong sense of the extraordinary year that was 2013. It certainly was a year to celebrate.

February March April Former Bank of HBAs raise more than With a new Canada Governor $108,000 for the United Way name and Mark Carney look, Ivey gives the Thomas Business School d’Aquino Lecture introduced on Leadership its new brand identity

january February March April may june july august september october november december

March april Ivey students Western organized the 24th announces Annual Scotiabank selection of new International Case Ivey Dean, Competition, Bob Kennedy with teams from 13 countries participating Inside:

2 Message from the Dean 4 Message from the President 6 Program Excellence 14 Thought Leadership 18 Global Community 43 Financials

June September november The $200-million Ivey Commander Chris Ivey hosts Prime Campaign for Leadership came Hadfield helps open Minister Stephen to a successful conclusion, the new Richard Ivey Harper at an raising $206-million from Building during a EMBA-led event alumni, friends and two-day celebration in Toronto corporate partners

january February March April may june july august september october november december

January- September november november September Learning to Ivey Asia celebrates More than 1,800 Alumni events Lead, the its 15th anniversary alumni celebrate around the world comprehensive Global Ivey Day, celebrate Carol history of Ivey, breaking new Stephenson’s is updated attendance records decade of leadership around the world

2013 Ivey Annual Report | 1 highlighting excellence

Robert (Bob) Kennedy

Dean, Ivey Business School Lawrence G. Tapp Chair in Leadership

Message from the Dean

On September 1, 2013, I officially joined the Ivey is home to tremendous people On October 1, Carol passed on the title faculty of the Ivey Business School. Nine and a bright future of Dean, as well as the leadership of this days later, I joined President and Vice- fantastic institution, to me. Like any new Ivey is also a place with an illustrious Chancellor Amit Chakma, former Dean leader, I have spent a great portion of my past. The opening of the new Richard Ivey Carol Stephenson, and more than 2,000 time with Ivey’s many diverse stakeholders. Building coincided with a celebration of jubilant Ivey students, faculty, staff, and In doing so, I have learned quite a lot. the School’s nine decades of leadership in alumni in a parade from Western’s Alumni business education. The first six graduates Let’s start with our students. Following Hall to Ivey’s new building on Western received their degrees in 1923. From this the grand opening, the School held its Road. Our celebration was led by Western’s humble beginning, the School has blazed a first cross-program Leadership Day. It marching band and Canada’s world-famous trail that includes the introduction of case- was an outstanding learning experience astronaut, Commander Chris Hadfield, method teaching to Canada; the launch shared by HBA, MBA and MSc students who had just delivered an inspiring talk on of the first MBA program in Canada; and, with members of the Ivey Advisory Board. leadership. It was a spectacular celebration becoming the first international business This could not have happened in any other with almost 1,000 alumni around the school to open a campus in China. environment…or with any other students. world participating through a live webcast and virtual tour. If I had any doubts about my decision to change both my job and country of residence (I didn’t), they would Richard W. Ivey, HBA ’72, captures the impact of our new building: have vanished that day. The grand opening “Place matters. Teaching and learning, as well as creativity, collaboration and hard of the new Richard Ivey Building clearly work, all benefit from a space or place that functions superbly, looks great and perhaps demonstrated that I am fortunate and even inspires. I hope you all agree that this space and place sings of inspiration. And it is could not have chosen better. a perfect home for the best damn business school in Canada and one of the top schools in the world.” ~ From his remarks at the Richard Ivey Building grand opening, September 2013

2 | 2013 Ivey Annual Report Ivey students are uniformly smart, well- To develop strengths in both teaching and Highlighting a year in gifts rounded, hard-working, and full of potential. research during the pre-tenure years is no The market agrees. I am pleased to report small feat, and creates unique challenges Throughout the Ivey Campaign for Leadership (2006-2013), 185 donors made that the three-month post-graduation when it comes to recruiting and developing gifts of $100,000 or more. It is with our employment rate for both the HBA and our next generation of faculty. However, sincere thanks that we highlight a few of MBA class of 2013 is 92 per cent. Both the rewards, both for the faculty member these gifts received in 2013 and recognize are the highest in Canada and among the and our students, are enormous. With so all of our generous donors in the listings starting on page 26. highest in the world. many new faculty joining Ivey over the past three years, I am working closely with the • Thomas K Barber, MBA ’79, donated Throughout the fall, I spent a lot of time leadership team to ensure we are organized $100,000 which was matched by the with the School’s closest alumni and to manage ourselves effectively and to Ivey Family Challenge Fund to establish friends and have met with hundreds of help create and nurture Ivey’s future a $200,000 endowment supporting in alumni at events such as Homecoming, teachers – scholars. perpetuity Ivey’s highest priorities. the Business Leader Award Dinner, and • Brenda & Bob Brooks, MBA ’68, donated in Hong Kong during a record-breaking It has also been my pleasure to meet with $200,000 in support of the new Richard Global Ivey Day. One highlight was an hundreds of alumni. These meetings have Ivey Building and the Bob Brooks MBA event with Prime Minister Stephen confirmed the power and diversity of Ivey’s Scholarship. In addition to academic Harper, who discussed global economic global network as a source of opportunities, achievement, the recipients will demonstrate issues with our EMBA and MBA students ideas, and influence that will keep our community leadership. and Advisory Board members. I also faculty and students on the leading edge. • Peter Gudewill, HBA ’73, Nick Gudewill, participated in a conference on the Future The commitment and contributions our MBA ’74, Sam Gudewill, HBA ’77 & Geoff of Canadian Manufacturing hosted by Ivey’s alumni make are the true measures of the Gudewill, MBA ’83, renewed their long- Lawrence National Centre for Policy and School’s success. I have benefited from standing support of the Gudewill HBA Award Management. That’s an extraordinary first their insights about the School and their with a new pledge of $100,000, bringing few months by any measure. perspectives on emerging trends where their total commitment to the Award to both our students and faculty can have an $400,000. Since its inception in 1997, there Moving forward with confidence and impact. In developing our strategic goals have been 23 recipients. The Award will high expectations for the future, I plan to continue listening continue to support two outstanding students annually, preferably from the brothers’ home To succeed, a business school must be and learning as I meet alumni across province of British Columbia, who have a Canada and key international centres strong across three dimensions: demonstrated interest in entrepreneurship. • Programs – to develop leadership this year. talent and provide top quality candidates • John & Melinda Thompson donated Last, but by no means least, a 21st for recruiters; $3 million to Western University resulting century, global business school cannot • Faculty, research, and knowledge in a $4.5 million investment to create a succeed without an outstanding team of unique education program which combines creation – to attract world-class faculty professional staff to manage its operations. business leadership and innovation skills and to enhance the School’s reputation From our fundraising, alumni relations, with the technical components of engineering. through thought leadership; and, communications, and marketing teams Through Western’s Matching Chair program, • A strong community – to engage our in both Canada and Asia to our HR, half of their gift will be used to establish alumni, recruiters, corporate partners, a $3 million endowment creating the technology and finance organizations, the and other friends of the School. John M. Thompson Chair in Engineering School’s staff is on par or better than the Leadership and Innovation. In addition, the Ivey is strong on all three dimensions. best I have seen anywhere in the world. other $1.5 million will create new business My challenge now is to determine how best and entrepreneurial courses and cases for My confidence in the School’s future to build on the School’s strengths to help Western’s Integrated Engineering Program continues to grow as I become better the School reach even greater heights. and seven student awards, including acquainted with the people of Ivey. We scholarships for students in the HBA/BESc The foundation of Ivey’s success over the have an exceptional team of faculty, staff, dual-degree program. years is its unique teacher – scholar model, alumni, and friends who give generously which requires Ivey faculty to develop of their time, influence, and expertise. muscle in both teaching and research. From my many years in the academic Our goal is to create new knowledge world, I know that this is the difference that enhances the classroom learning between a good school and a great school. experience and has impact on the real- Ivey is a great school. world of business. As you’ll read in this I look forward to working with everyone report, faculty are winning teaching awards, in 2014. breaking new ground in thought leadership and making an impact locally and globally.

2013 Ivey Annual Report | 3 highlighting excellence

Amit Chakma

President & Vice-Chancellor, Western University

Message from the President

Western’s ambitious Among my most memorable highlights Apart from the positive media exposure of 2013 was the privilege of introducing the event provided for Ivey and Western, institutional goals are Western’s new business dean, Bob the more important exposure was provided reflected in the global Kennedy, to Prime Minister Stephen for our students — a chance to learn from Harper. The occasion arose in November top decision-makers as part of Canada’s mindset and culture of when Bob moderated a Q&A session with best business education. And watching excellence that permeates the PM involving Ivey faculty, staff, advisory Bob’s poise and intelligence with the PM the Ivey community. board members, EMBA, and MBA students demonstrated that Western has recruited at Toronto’s Design Exchange. a talented and internationally focused Last September’s leader to guide Ivey into its 10th decade. Having had barely enough time to begin I am pleased to wish Bob all the very best grand opening of the settling into his new life in Canada after for continued success in his new role. spectacular Richard arriving at Ivey from his previous post at the University of Michigan’s Ross School of Writing this message shortly after our Ivey Building illustrates Business, Bob did a stellar job of engaging University Senate and Board of Governors the case. our country’s most powerful elected approved a new strategic plan, I am also official in a wide-ranging conversation. pleased to celebrate the release of the new Topics included the newly signed Canada- roadmap that will guide Western into its European Trade Agreement, foreign 14th decade. investment policy, and Canada’s standing Achieving Excellence on the Global Stage within the global economy. is the product of 18 months of planning and consultation with hundreds of faculty,

4 | 2013 Ivey Annual Report staff, students, alumni, and community Research highlights stakeholders. The plan imagines Western as a “destination of choice for Western University the world’s brightest minds seeking the • Western committed $30 million to support • On December 10, the same day Canadian best learning experience at a leading its new Clusters of Research Excellence author Alice Munro became the first Canadian research university,” and sets program in a bid to attract world-class Canadian woman to receive the Nobel out four overarching priorities: academic talent to campus. The program Prize in Literature, Western announced • Create a world-class research and provides $5 million over five years to establish plans to establish a new $3-million Chair four internationally prominent clusters of in Creativity in her honour. Western has scholarship culture; interdisciplinary research and teaching, with committed $1.5 million to match donations • Provide Canada’s best education for Cognitive Neuroscience being recognized as of an equal amount that will enable the tomorrow’s global leaders; the first cluster. Complementing this effort is Faculty of Arts and Humanities to recruit • Engage alumni, community, institutional the newly created Western Research Chairs an exceptional creative writer, teacher and and international partners; and program, which aims to recruit up to 10 scholar to advance the University’s tradition • Generate and invest new resources in high-calibre researchers who will support the of excellence in developing the talents of support of excellence. development of the research clusters. students and future writers. Munro’s first • Two Western neuroscience researchers made connection to Western came while she was Anchored by 14 key performance indicators history by communicating with patients an undergraduate pursuing a degree in the to measure our progress against, the believed to be in a vegetative state. Lorina Department of English. As a student, she plan ultimately challenges our campus Naci and Adrian Owen of Western’s Brain published three short stories in Western’s undergraduate English magazine, Folio, in community to think beyond being and Mind Institute used a special magnetic 1950 and 1951. She returned in 1974-75 “Canada’s best student experience” to resonance imaging (MRI) scanner that as Western’s Writer-in-Residence. During achieving global impact through excellence measures brain activity to communicate with three patients with severe brain injuries. this time, she crafted her collection, Who in teaching and research. I encourage Their findings were unveiled in April in the Do You Think You Are?, which won the you to explore and judge the details Journal of American Medical Association for Governor General’s Award. In 1976, Western of our plan for yourself at: Neurology in a study titled, “Making every recognized Munro’s literary achievements westernu.ca/achievingexcellence word count for non-responsive patients.” The with an honorary degree, the only such patients were asked to visualize one activity honour she has ever accepted. Western’s ambitious institutional goals are for “yes” and another for “no”, when asked reflected in the global mindset and culture questions while the MRI picked up activity in of excellence that permeates the Ivey different parts of the brain. The technique is community. Last September’s grand opening being used to both identify patients who have of the spectacular Richard Ivey Building been misdiagnosed as being in a vegetative illustrates the case. Indeed, it is difficult to state as well as to communicate with patients imagine a more impressive exclamation who are behaviourally nonresponsive. mark on the culmination of a $206-million • An HIV vaccine developed by researchers fundraising effort — the Ivey Campaign at Western’s Schulich School of Medicine & for Leadership — made possible through Dentistry is one step closer to market after passing the first phase of clinical testing. The the commitment and generosity of Ivey’s vaccine, developed by a research team led by dedicated volunteers, alumni, and friends. Dr. Chil-Yong Kang with financial support The vision and unflagging optimism of from Sumagen Canada, not only had no adverse effects on patients, but also boosted former dean, Carol Stephenson, and their production of antibodies. The first phase campaign co-chairs Arkadi Kuhlmann, of clinical trials began in March 2012 and Pierre Morrissette and Joe Shlesinger, wrapped up in August 2013. The next phase galvanized the enthusiasm of 23,000 of testing will focus on the immunogenicity alumni in more than 100 countries to and efficacy of the vaccine. If successful, achieve this outstanding result. Sumagen anticipates the vaccine will be the first brought to market and that it will On behalf of Western, I want to thank and eradicate HIV/AIDS in humans. congratulate these world-class leaders and the thousands of donors who contributed to the creation of a legacy that will serve aspiring young business leaders for generations to come.

Your actions set the examples tomorrow’s leaders will follow.

2013 Ivey Annual Report | 5 Program Excellence

Top executives give Ivey students lessons in leadership

From the seed of an idea in Participating in the sessions were Leadership Day also featured a panel of five Scott Beattie, HBA ’81, MBA ’86; Bill world-class leaders who participated in a 1919, and now in the new Furlong, MBA ’87; Jon Hantho, MBA ’89; Q&A session with Gerard Seijts, Executive building 90 years later, Ivey Tim Hodgson, MBA ’88; Don Johnson, Director of the Ian O. Ihnatowycz Institute has always been about the MBA ’63; Jon Love, HBA ’76; Bob Luba, for Leadership: MBA ’67; Hugh MacDiarmid, HBA ’74; • Daniel Akerson, Chairman and CEO of development of leaders. Tim MacDonald, HBA ’81, MBA ’88; Sarah General Motors; Morgenstern, MBA ’93; Pierre Morrissette, • Sukhinder Singh Cassidy, HBA ’92, So it is fitting the Richard Ivey Building’s MBA ’72; Michael Needham, MBA ’68; Founder and Chairman of JOYUS, former grand opening celebrations included a day Anthony Ostler, MBA ’97, and Larry Rosen President, Asia Pacific and Latin America of case workshops dedicated to leadership, LLB/MBA ’82. featuring top executives, most of whom are Operations, at Google; members of Ivey’s Advisory Board. • Arkadi Kuhlmann, HBA ’71, MBA ’72, The custom-written cases were drawn Chairman and CEO of ZenBanx, former from the executives’ experiences. In fact, President & CEO ING DIRECT USA; students had no idea the case protagonist • Jody Wilson-Raybould, British Columbia was actually in class with them. The Assembly of First Nations Regional surprise reveal during the Q&A made the Chief; and session rewarding for both students and • Antoni Cimolino, Artistic Director the executives. Students pose with Stratford Festival of the Stratford Festival. Artistic Director Antoni Cimolino

For a closer look at Leadership Day, visit go.ivey.ca/leadersday

6 | 2013 Ivey Annual Report Program Excellence

EMBA students get a lesson in the economics of leadership

What better way to understand Dean Bob Kennedy moderated a Q&A session with the Prime Minister before the demands of leadership students, Advisory Board Members, and than to interview Canada’s special guests at the November event, Prime Minister. gaining media attention across the country. Students and guests asked questions EMBA and MBA students learned first- of the Prime Minister on topics such hand about Canada’s business strategies as inter-provincial trade, foreign direct and our place in the global economy at a investment, and Canada’s position within private event in Toronto with Prime Minister the global economy. Stephen Harper. “At Ivey we strive to expose students to the MBA students leading decision makers as a central part Estimated number of their business education,” said Kennedy. sweat it out for of media stories “This event highlighted the complex nature about Ivey’s event of national policy making and it was a Ivey Impact Day with Prime Minister privilege to hear from Canada’s top decision 42 Harper maker on economic issues.” MBA students learned the true meaning of sweat equity when they faced extreme heat in July to tackle community projects for their 2013 Ivey Impact Day.

The class of 2014 contributed 400 hours of service work to help non-profit organizations including ReForest London, Unity Project, Mission Services, Habitat for Humanity, and the Food Bank of London. They planted trees, sorted food donations, cleaned, painted and built, all in an effort to give back to the London community.

“It’s a great opportunity for students to give back and see the impact of what they are doing,” said Drew Rankin, MBA ’14, president of the MBA Association.

Watch the video at go.ivey.ca/impact

2013 HBA students 2013 MBA students who received who received full-time job offers full-time job offers 92% (three months post graduation) 92% (three months post graduation) 2013 Ivey Annual Report | 7 Program Excellence

Executive Education boosts farm productivity in Africa

The situation: many African countries suffer chronic food shortages while the continent itself boasts some of the world’s MSc students gain most arable land. experience in India’s Ivey Executive Education and global agribusiness giant Syngenta are answering the challenge with an intense five-day dynamic economy program to boost African farm productivity. EstablishingRoots, launched in 2013 with With India’s rise as an economic powerhouse, it is critical Ivey sold-out sessions in March and October, provides case-based, real-world learning students gain a deep understanding of business there. in areas such as leadership, strategy, and finance to select farmers, farm managers, MSc students learned firsthand about the sustainable enterprise, and financial and investors. opportunities India has to offer and the analysis divisions. unique aspects of doing business there “We are focused on creating successful “It’s important as it ensures that all of the during a 10-week Ivey MSc International African agricultural operations and students graduating from the Ivey MSc Practicum, launched in 2013. connecting these operations to the local in International Business have practical communities,” said David Sparling, Faculty Every student in the MSc program spent 10 international experience,” said Darren Director and Agri-Food Innovation Chair. weeks from April to July in India, working Meister, the professor who launched this “We are helping large farms work with at various divisions in Muthoot Group – a initiative. “As a pre-experience program, small farms to increase productivity and Kerala, India-based conglomerate that this also helps prepare our students for act as a conduit to the markets. We are includes international finance, marketing, the job market.” also helping entrepreneurs and investors healthcare, hospitality industries, understand the risks to help their projects be more successful.”

In addition, Ivey researchers are writing cases about large-scale African agricultural and food processing projects to increase 50% knowledge about the unique challenges of of Executive Education food production in Africa. 39 participants hold the MSc students title of President or welcomed from Vice-President exchange schools

8 | 2013 Ivey Annual Report Program Excellence

Ivey celebrates 15 years Post-doctoral in Hong Kong scholars come to Ivey With 15 years on the ground and approximately 30 years of hands-on experience in China, Ivey has much to celebrate. for research

Ivey alumni and friends celebrated the 15th experience anniversary of its campus in Hong Kong – the Cheng Yu Tung Management Centre – as part of Global Ivey Day. The celebration was held at the Ivey’s research productivity residence of the Canadian Consul General and honoured Dr. Henry K.S. Cheng, HBA ’71, MBA ’72, has received a significant LLD ’97, whose contributions made it possible for boost thanks to the Ivey to be the first international business school to contributions of establish a physical campus in China. post-doctoral scholars. Take a look at Ivey’s rich history in Asia:

In 2013, 15 post-doctoral scholars – recent PhD graduates who want to gain more Ivey launches the China Project, a partnership with research experience before entering the Tsinghua University in Beijing. 1984 job market – were paired with Ivey faculty members to work on research in areas such Ivey’s interest in Asia gathers momentum, with the as healthcare, leadership, sustainability, 1997 establishment of the Asian Management Institute. and agriculture. Although Ivey has always attracted a few Cheng Yu Tung Management Institute opens in the Hong post-doctoral scholars, PhD Program 1998 Kong Convention and Exhibition Centre, thanks to the Director June Cotte said interest increased generous support of Dr. Henry K.S. Cheng, HBA ’71, substantially in 2013 and some of the MBA ’72, LLD ’97. current post-doctoral scholars even The Hong Kong Executive MBA Program is established. solicited the positions. “Many of them were very excited about Ivey becomes the world’s largest producer of Asian-based coming to Ivey and experiencing the new 2001 case studies. building. Some of them even reached out to Ivey faculty members themselves asking to work with them,” said Cotte. Ivey signs a Memorandum of Understanding with the China 2010 National MBA Education Supervisory Committee and China It is a win-win: the post-doctoral Management Case-Sharing Centre for the development scholars get experience at Ivey, while and dissemination of China-based cases. Ivey faculty members can increase their research through the help of the post- Ivey receives the inaugural Canada China Business Council doctoral scholars. 2012 Gold Award for Excellence in Education in recognition of its outstanding achievements.

Ivey Asia offers the first Chinese-language Ivey Executive 2012 Education programs with a five-week custom program in Hong Kong for 235 Agricultural Bank of China executives.

2013 Ivey Annual Report | 9 programs at a glance

HBA MSc 92 50 PER CENT RECEIVED ACADEMIC DISCIPLINES FULL-TIME JOB OFFERS REPRESENTED (three months post graduation) 43 52 CLASS SIZE Per cent born outside 608 83.4 of canada CLASS SIZE PER CENT ADMISSION AVERAGE Diversity – Gender 45% Class Diversity Male

55% 13 38 33 59 41 Female Countries of Birth Languages Per cent Per cent citizenship countries male female

Birth by Region

69% North America 3% Other

3% Europe

25% Asia-Pacific

Job Offers by Industry 100 per cent of students experienced 10-week practicum outside of canada ■ Finance (22%) ■ Consulting (21%) ■ Accounting (19%) ■ it/Telecom (8%) ■ Consumer Packaged Goods (5%) ■ Wholesale/Retail (5%) ■ energy/Resources (3%) ■ Manufacturing (3%) ■ Marketing/Advertising/ Public Relations (3%) 2/3 51 ■ other (11%) of students carry per cent of class a non-Canadian passport went on exchange

10 | 2013 Ivey Annual Report programs at a glance

MBA PhD 40 Per cent with international work 92 experience Per cent RECEIVED FULL-TIME JOB OFFERS (three months post graduation) 4.8 NUMBER72 OF CURRENT PhD STUDENTS Average Years of work experience (as of December 2013)

Class Diversity Diversity – International Scholarships 9 17 25 76 24 Received in Countries of Birth Languages Per cent Per cent 68% 2013 citizenship countries male female Domestic 7 Ontario graduate scholarships (OGS)

per cent have more than 1 degree 19 32% International Work Experience 5 Diversity – Gender Social science ■ Finance (24%) and humanities 57% doctoral ■ Professional Services (19%) Male fellowships (sshRC) ■ IT/Telecom (13%) ■ Manufacturing (8%) ■ Energy/Resources (7%) ■ Government (6%) ■ Healthcare (4%) ■ Education (3%) ■ Other (16 %)

Ontario1 Trillium scholarship (OTS) 43% Female

2013 Ivey Annual Report | 11 programs at a glance

EMBA Canada EMBA Hong Kong 2,259 Graduates since 1991 469Graduates since 2000 108 22 Diversity – Gender Graduates in 2013 Per cent with previous international education

Participants by Title 73% 27% 29% Male Female Sr. Manager/ 19% Manager Other

Participants by Industry

Technology 17% Hospitality 7% Banking/Finance/ Construction/Real Estate 7% Insurance 13% Public Sector 7% 27% Industrial Service 13% Director Design 3% Professional Service/ Fashion/Garment/Apparel 3% 25% Consulting 10% Transportation/Logistics 3% VP/C-Suite/Owner/ Retail Trade 10% President Manufacturing/Electronics 7%

Participants by Industry Place of Participants by Title Geographic Residence 13% Base Finance 22% 31% Manager Manufacturing/Metals/Mining 9% Other 76 Education 7% 75 Per cent based IT 7% Per cent from GTA in Hong Kong Wholesale/Retail 7% Consulting 5% 16 Utilities 5% 24 Per cent from Per cent outside Holding Company 5% outside GTA 27% of Hong Kong Healthcare 4% General Not-for-profit 4% 9 Manager/Director Transportation 4% 29% Per cent from Owner/President/VP Other 22% outside Ontario

12 | 2013 Ivey Annual Report programs at a glance

Executive Education Alumni

Degree Breakdown

46% 2% MBA Other 572 (includes MSc) ORGANIZATIONS PARTICIPATING IN 1% EXECUTIVE education PROGRAMS PhD

11% 40% EMBA HBA Participants by Title 27% General Manager/Director

18% Manager 7,800+ alumni supported the School through formal 5% 50% volunteer roles, speaking in the classroom, Other President/VP attending events, and other activities

Canada 25% Ontario 59 4,914 102 – Other Custom custom program Countries programs participant days 8% Canada 80% B.C. International 11% 7% Participants United States 9% Alberta by Industry 53% 4% Ontario 3% Quebec – GTA Other Manufacturing 17% , 59% Service 16% 4494 49% International U.S. Asia- Other Finance 15% Open-enrollment Pacific Not-for-Profit 12% participant days Public 9% Utilities 6% Retail 5% Transportation 5% Consulting 5% Construction 4% 46 Technology 4% Open-Enrollment 6% 27% Natural Resources 2% 15% 23% Florida New York/ programs Other 3% Europe 18% Tri-State India California

2013 Ivey Annual Report | 13 Thought Leadership

The year in books

Whether developing leaders, Professor Gerard Seijts’ book, Good athlete Cassie Campbell. It also provided Leaders Learn: Lessons from Lifetimes Seijts’ takeaways from the interviews and tilting businesses in a new way of Leadership (Routledge Publishing, explanations of 10 paths to leadership. November 2013), features interviews with or revealing secrets that give TILT: Shifting Your Strategy from more than 30 leaders in North America companies a competitive edge, Products to Customers by Professor Niraj and Asia, including Canada’s former Dawar (Harvard Business Press, November several new books by Ivey Prime Minister Paul Martin, former General 2013) created a buzz with its new approach Motors CEO Daniel Akerson, and Olympic faculty debuted in 2013. to interacting with customers. The day after its release, TILT was the second (Kindle) and third (hardcover) bestselling marketing book in the world. It placed fourth on Forbes’ list of 13 recommended readings for creative leaders in 2013.

Associate Professor Roger More also gave advice on marketing strategy by outlining how product and service bundling has given companies such as IBM, General Electric, and Magna a new edge in competitive markets. More’s book, Marketing High Profit Product/Service Solutions (Gower Publishing Co., May 2013), explains the trend in bundling products and services to provide integrated solutions to problems rather than piecemeal offerings.

14 | 2013 Ivey Annual Report thought leadership

Beamish receives Ivey researchers Western’s highest lauded research honour Making their mark in findings related to corporate social responsibility and work-life Professor Paul Beamish was honoured by Western balance, two professors were honoured in University in 2013 for his contributions to international 2013 for their outstanding contributions business research. Beamish received the prestigious Hellmuth Prize for Achievement in to research. Research at a ceremony on May 1. Named after Bishop Isaac Hellmuth, who is regarded Assistant Professor Caroline Flammer as Western’s founder, the Hellmuth Prize is the university’s highest award recognizing won the 2013 Moskowitz Prize for Socially research achievements. Responsible Investing on October 29 from the Center for Responsible Business at UC Berkeley’s Haas School of Business Bansal for her research in the field of sustainable and responsible investing. Flammer’s named Canada winning paper found that companies’ labour productivity and sales growth Research Chair improved when they adopted CSR-related Professor Tima Bansal took her sustainability shareholder proposals that passed by a research to a new level by being awarded the small margin of votes. prestigious Tier 1 Canada Research Chair (CRC) Professor Alison Konrad won the in Business Sustainability in 2013. 2013 Rosabeth Moss Kanter Award for The Chair provides $1.4 million over seven years to support Bansal’s work in helping firms Excellence in Work-Family Research on manage their financial, social and environmental risks, obligations, and opportunities. October 3 from the Center for Work and Family at Boston College and the Center Bansal is Director of Ivey’s Centre for Building Sustainable Value and Executive Director for Families at Purdue University for her of the Network for Business Sustainability. research on the impact of work-life benefits on career success. Konrad’s paper found Other CRC holders at Ivey include: Paul Beamish (Tier 1 International Management), that people who use work-life flexibility Matt Davison (Tier 2 Quantitative Finance) and Greg Zaric (Tier 2 Health Care benefits were more likely to be promoted. Management Science). Ivey Publishing supports business leaders in developing countries

Ivey Publishing is making business cases accessible to the least developed countries around the world at no charge through a program called the 39 Countries Initiative. Begun in 2011, Ivey has provided these powerful tools to faculty members in eligible countries to help improve the quality of management there.

A look at the 39 Countries Initiative 3 547 1,906 41 in 2013: continents Number of Number of active Number of orders and 39 countries participating faculty registrations received to date institutions

2013 Ivey Annual Report | 15 thought leadership

Centres & Institutes highlights

Ivey’s strength in knowledge creation and thought leadership is developed through research conducted by its Research Centres and Institutes. Bringing together faculty from a multitude of academic disciplines, these Centres and Institutes focus on critical areas of research, such as leadership character, entrepreneurial startup to succession, and sustainability strategies for business. Here are some highlights of 2013:

Pierre L. U.S. General Morrissette Wesley Clark at speaks to the Conference students about on Collaboration entrepreneurship

Ian O. Ihnatowycz Institute for Leadership Pierre L. Morrissette Institute • The Institute played a key part in securing Commander Chris for Entrepreneurship Hadfield, the first Canadian astronaut to lead the International • An Ivey team placed second in Canada’s premier graduate Space Station, as the keynote speaker in the grand opening business plan competition, the IBK Capital Ivey Business Plan celebrations of the new Richard Ivey Building in September. Competition. The team’s idea for a mobile optometry delivery • U.S. General Wesley Clark was among the presenters at the service made it to the final round of the nine-team event in Second Annual Conference on Collaboration. The invitation-only January. event included presentations by leaders in politics, business and • The Institute announced that Ivey will host the 34th annual the military. Babson College Entrepreneurship Research Conference in • The Institute teamed with the Canadian Forces for a new course June 2014. The conference is among the world’s premier to teach teaming abilities, leadership character, and commitment entrepreneurship academic conferences. to HBA students. • The Institute and MaRS Discovery District partnered to offer a business incubator program to help entrepreneurs take their business ideas to the next level.

Asian Management Institute

Companies doing business in China deepened their knowledge about this rapidly-evolving nation through a Canada China Business Council (CCBC) workshop, hosted by the Institute. Ivey Associate Professor Shih-Fen Chen outlined the cultural differences that businesses must face in order to be successful in China.

16 | 2013 Ivey Annual Report thought leadership

Lawrence National Centre for Policy and Management

The Lawrence Centre launched an in-depth research project called Future of Canadian Manufacturing, which investigates ways governments and businesses can work together to enhance the attractiveness of Canada as a manufacturing base. The project included a conference at Ivey’s Spencer Leadership Centre in November, which brought together manufacturing, federal and provincial governments, and academia to discuss strategic Lawrence Centre Director Paul Boothe (right) with former Bank recommendations for government and business. A paper is planned of Canada Governor, Mark Carney (second from the right) who for release in 2014. gave the Thomas d’Aquino Lecture on Leadership

Alex Pourbaix, President of Gary Shilling, Energy and Oil President, A. Gary Pipelines at Shilling & Co., was TransCanada a keynote speaker spoke at the at the conference conference

Ivey Energy Policy and Management Centre Ben Graham Centre for Value Investing

Ivey students and faculty learned from industry experts on the The principles and practices of value investing were discussed at future of the Canadian energy industry in a panel discussion. the 2013 Value Investing Conference hosted by the Centre. Among The event was organized by the Ivey Energy Policy and the speakers and guests were Prem Watsa, Chairman & CEO, Fairfax Management Centre, and the student-run Ivey Energy and Financial Holdings Ltd., Thorsten Heins, former president and CEO, Resources Club in October. Blackberry, and Gary Shilling, President, A. Gary Shilling & Co.

Ivey International Centre for Health Innovation

The Centre and London-based community agencies joined forces to help people with mental health or addiction challenges launch their new business ventures. The groups launched Rise Asset Development London, a subsidiary of the Toronto program founded in 2009 by Sandra Rotman, wife of Western Chancellor Joseph Rotman. The program was supported by the Rotman School of Management and the Centre Left to right: Don Seymour, WOTCH; Jodi Butts, Rise Asset Development; for Addiction and Mental Health (CAMH). Sandra Rotman, Sandra Rotman Foundation; Deb Matthews, Minister of Health and Deputy Premier; Anne Snowdon, Chair, International Centre for Health Innovation; and Ivey Dean Bob Kennedy

2013 Ivey Annual Report | 17 Global Community

Celebrating the new Richard Ivey Building

Ivey alumni, faculty, staff, and corporate partners came At the building’s grand opening ceremonies, Ivey students, faculty, and together to celebrate the grand opening of the new building. staff were joined by Western officials, It was a fitting tribute to their generosity. federal and provincial government partners, and many distinguished alumni Designed by Hariri Pontarini Architects and with construction managed by the EllisDon — who all made significant contributions Corporation, the building finds its architectural inspiration from a geological structure toward the building. called a geode and meets LEED Gold certified construction standards. Some of the building The $110-million facility received features include: $25 million in funding provided by the • 640-seat BMO Financial Group Auditorium Government of Canada’s Knowledge Infrastructure Program and $25 million • 20 classrooms designed for teaching Ivey’s Case-Method of Learning through the Ontario Government’s 2009 • 52 traditional breakout rooms Budget as part of efforts to help modernize • C.B. “Bud” Johnston Library facilities and boost long-term research and • Brock Pavilion skills training capacity. Western University provided $22.5 million and $38.5 million • Leading-edge teaching and learning technology came through private sector support.

18 | 2013 Ivey Annual Report global community

Global Ivey Day Approximately 3,000 alumni, students, staff, and faculty, celebrated all things Ivey at the fourth annual, and most successful ever, Global Ivey Day on November 14. 53 formal events 32 Cities 1,206 students 1,860 alumni 150 Read more about the Richard Ivey Building alumni volunteers Read Ivey’s 90-year history book called Learning to Lead. You’ll find the new edition, created especially for Ivey’s grand opening celebrations, at: go.ivey.ca/iveytrading or read the online version at: go.ivey.ca/history Take a look at the media coverage from around the globe here: go.ivey.ca/buildingnews 100+ Discover more at our new building website, digital tour and an online guide book that provides users contributed at information on the building’s proudly-held LEED Gold Certification. Go here for more: go.ivey.ca/ournewhome least 500 comments and photos via social media with #GID2013

View photographs from around the world on the Global Ivey Day Facebook page: facebook.com/iveyday

2013 Ivey Annual Report | 19 global community

Breaking new ground Campaign in Ivey’s Campaign Cabinet

Honorary Chairs Jim Hunter MBA ’76 for Leadership Chairman & CEO Purdy Crawford Counsel NexGen Financial Osler Hoskin & Richard W Ivey HBA ’72 Harcourt LLP Chairman & CEO Ivest Set the most ambitious fundraising target in Ivey’s 90-year Peter Godsoe Former Corporation Chairman & CEO Donald K. Johnson MBA history. Then exceed it. Scotiabank ’63 Member – Advisory Richard M. Ivey Family Board BMO Capital Markets That’s just what Ivey’s alumni, friends, and corporate partners did in a big way in June, Co-Chairs Michael Kanovsky MBA raising $206 million for the Campaign for Leadership. The total contributions – the largest ’73 President Sky fundraising amount in the School’s history – surpassed the Campaign’s $200-million goal. Arkadi Kuhlmann HBA Energy Corporation ’71, MBA ’72 Chairman Daniel Lam EMBA ’00 & CEO The many initiatives supported by the campaign included new Chairs, Professorships and ZenBanx Managing Partner Fellowships, HBA and MBA scholarships, and increased support for academic research and Pierre Morrissette MBA Hampton Securities ’72 Executive Chairman (Asia) Limited Centres and Institutes. & Founder Pelmorex Claude Lamoureux Media Inc. At a celebration on June 10 for campaign volunteers and donors, former Dean Carol Former President & Joe Shlesinger MBA CEO Ontario Teachers’ Stephenson thanked the 7,128 donors, including 185 individuals who contributed $100,000 ’86 Managing Director Pension Plan or more, for making the campaign a success. Stephenson said their investments will make Callisto Capital LP Gilles Lamoureux MBA an impact on every area of the School. ’66 Former Senior Advisor Vice Chairs Ernst & Young Orenda “They have provided tremendous leadership and, most importantly, they have enabled Corporate Finance Inc. Don Archibald MBA ’85 us to dream big dreams,” she said. Chairman Cequence Stephen Lister MBA Energy Ltd ’85 Managing Partner Stephenson also attributed the campaign’s success to the dedication of Ivey’s Campaign Imperial Capital Group Don Bailey HBA ’84 Cabinet members. Chairman & CEO Triton Jon Love HBA ’76 Investments Company Managing Partner KingSett Capital Inc. Laurie Campbell MBA ’89 Managing Director Tim MacDonald HBA ’81, Merrill Lynch Debt Capital MBA ’88 Limited Partner Markets Bank of America Transaction Advisory Merrill Lynch Services Ernst & Young Sylvia Chrominska HBA Donald McDougall MBA ’75 Chair Scotiabank ’61 President & CEO Trinidad & Tobago Ltd. Rambri Management and Scotia Trust and Incorporated & Merchant Bank Doug McGregor HBA ’79, Chair Scotia Group MBA ’82 Co-Group Jamaica Ltd Head Investor & George Cope HBA ’84 Treasury Services President & CEO BCE Inc. RBC Capital Markets and Bell Canada Adam Waterous HBA ’84 Darin Deschamps HBA Vice-Chairman – Global ’87 Deputy Head – Head of Investment Investment Banking Banking, Scotia Capital National Bank Financial Incorporated & Head, Scotia Waterous Michael Hill HBA ’89 Managing Director & Global Co-Head Natural Resources and Power Alumni, friends, and corporate partners raised $206 million for the Ivey Campaign Group Nomura Securities for Leadership. View the video at go.ivey.ca/campaign, which received a MarCom (Gold) Award.

20 | 2013 Ivey Annual Report global community

“In my giving here and elsewhere I’ve Ivey’s lifelong impact always tried to support the leadership in what they’re trying to do. I haven’t really thought about specific gifts, except for my most recent gift for the new building. leads to lifetime giving I’ve really just tried to support the School and contribute to the excellence of the organization.” Walk in the south entrance of the Richard Ivey Building. Or After more than 30 years since graduation, stand before the staircase in the Grand Hall. Pierre Lapointe, MBA ’83, continues to feel the impact of the Case-Method of Learning. At each of these locations are artfully designed walls that pay “I took a course recently and they were tribute to the generosity of Ivey alumni, friends and corporate using a few cases, and one of them was written by Ivey. So 30 years later, here I was partners who have contributed to the School’s growth and success taking a totally unrelated course and was over its 90-year history. pleasantly surprised to find that it included an Ivey case. It was validation of my earlier decision to continue to support case Never before has the School had a space Ivey’s impact on life and career is also writing and case development.” grand enough to appropriately honour very much a part of what has motivated the more than 600 people who have W. Keith Smith, MBA ’60, to give faithfully Lapointe, Chairman of the Executive contributed $25,000 or more over the to the Business School for more than four Committee of Jarislowsky Fraser Ltd, had course of their lifetime. These donors decades. never experienced anything like the case embody the School’s mission to contribute method before or since his time at Ivey. Smith graduated from the University to the societies in which they operate “One of my biggest takeaways was the of Saskatchewan with an accounting and serve as exceptional reminders of group dynamics and the whole interaction degree and then apprenticed to become the lifelong relationships formed at the with other people who were in the same a chartered accountant. “The move to Business School. position as you,” Lapointe explained. Western and Ivey was really an eye opener A lifetime of giving comes from the for me. It took me out of the world of This experience has motivated him to give immense impact Ivey has had on one’s accounting and introduced me to general back consistently since 1999, a practice career and life. That’s what has motivated business,” said Smith, now retired. “It was that is built on his personal philosophy of many of our lifetime supporters to return a real milestone in my life and one that how important it is, when you’re able, to the favour. contributed greatly to the success I’ve support those organizations that have had enjoyed over the years.” a lasting impact on your career. “I think both Nan and I benefited tremendously from doing our MBA at Ivey As a long-time supporter, Smith has always While their Ivey experience is as unique as – both professionally and personally,” said looked for ways to invest in Ivey’s future. the individual themselves, the outcome is Michael Bernstein, MBA ’96, President the same: when the impact lasts a lifetime, and Chief Executive Officer, Capstone the giving does too. Infrastructure Corporation, who, together with his wife, Nan DasGupta, also MBA ’96, have both supported Ivey since they graduated. “Giving back on a regular basis allows the School to have the resources to have a similar impact on the next generation of students.” DasGupta described the Ivey experience as a “trajectory changer” for the couple. “It was a very meaningful time for us and changed the trajectory of our careers on so many dimensions,” explained DasGupta, Partner and Managing Director, Boston Consulting Group of Canada. “So as you have the means to contribute, you really have to look at where to give back. Ivey was certainly a life changer for us and it was a very good fit for us personally.”

2013 Ivey Annual Report | 21 global community

A Message from the Campaign Co-Chairs

Ivey’s donors: A source of inspiration.

When Commander Chris Hadfield helped us our alumni and friends, there are sources of By contributing to the Campaign, our celebrate the opening of our state-of-the-art inspiration everywhere at the Ivey Business donors have created new opportunities for new building in September, he told how he School. the next generation of leaders and built the dreamed at a very young age of being an resources that will enable Ivey to respond to That inspiration is the essence of our astronaut. He then revealed the highlights of opportunities and challenges in the future. $200-million Campaign for Leadership living that dream. The impact of these gifts is the true measure which successfully concluded in June, of success. Thanks to the generosity of our One message he left behind is that dreams, raising $206 million. This achievement donors, Ivey has been able to: no matter how big, can come true. was a proud moment, not only because it • Create and name 17 new Chairs, was the School’s largest fundraising effort When we conceived of the Campaign for Professorships and Fellowships at Ivey; to date, but because it demonstrated Leadership in 2006, our dream was to • Increase the number of HBA scholarships the depth and breadth of our alumni reaffirm our position as the undisputed by 500 per cent; and friends’ commitment to the next leader in business education in Canada, • Increase the number of MBA scholarships generation. More than 30 per cent of all and be known as a world-class centre by 400 per cent; Ivey alumni made a gift to the Campaign of excellence in teaching, research and • Raise $30.5 million to support academic and 185 donors gave gifts of $100,000 or case writing. Carol and her team at the research, centres and institutes, including more. This is an incredible example of our School knew what needed to be done to the creation of the Pierre L. Morrissette alumni and friends stepping up for the next achieve this, but she also knew Ivey needed Institute for Entrepreneurship and the Ian generation. significant resources to do it. When we O. Ihnatowycz Institute for Leadership; officially launched the Campaign – which, From increasing the number of HBA and • Increase the Ivey endowment by 72 per at the time, was incredibly audacious MBA scholarships, creating new Chairs, cent; in its objective – we knew we had the Professorships and Fellowships, supporting • Increase the Annual Fund by 40 per cent; overwhelming support of alumni and friends academic research, centres and institutes • Increase new legacy donors by 100 per behind us, and we watched our shared to building a state-of-the-art new facility, cent. dream become a reality. the generosity of our donors sends a • Construct a $110-million world-class powerful message to our young people. building, bringing together HBA, MBA, Achieving dreams takes inspiration. And, They believe in them and want to give them MSc and PhD students and faculty under thanks to the extraordinary generosity of the resources they need to succeed. one roof; and • Establish a campus in the heart of Toronto’s financial district, gaining 50 per cent of the market share of the GTA Executive MBA market.

Thanks to your generosity and commitment, Ivey is well positioned to begin an exciting new chapter in its 90-year history of leadership in business education. It is with our sincere thanks we acknowledge the myriad of volunteers including our dedicated Campaign Cabinet and donors who made 2013 an extraordinary year to celebrate. You have inspired us throughout this Campaign and continue to inspire us to dream big when it comes to the next generation of leaders. Campaign Co-Chairs pictured left to right: Sincerely, Pierre L. Morrissette, Joe Shlesinger, and Arkadi Kuhlmann, HBA ’71, MBA ’72 Arkadi Kuhlmann Pierre L. Morrissette, MBA ’72 Joe Shlesinger, MBA ’86

22 | 2013 Ivey Annual Report global community

Investing in the Next Generation

$22 3300

$20 3000

$18 2700

$16 2400

$14 2100

$12 1800 Legend: $10 1500

$8 1200 NUMBER OF DONORS NUMBER OF $6 CASH RECEIPTS (in millions) RECEIPTS CASH 900 NUMBER OF DONORS

$4 600

$2 300

$- 0 cash receipts

2010–2011 2011–2012 2012–2013 2008–2009 2009–2010

Designation 2013 Receipts ($) Source 2013 Receipts ($)

Infrastructure 5,043,478 Alumni 12,567,270 Centres of Excellence 4,317,179 Corporations 4,703,176 Faculty & Research 3,978,248 Friends 1,068,099 Student Support 3,010,585 Foundations 447,277 Highest Priorities 2,436,332

TOTAL $18,785,822 TOTAL $18,785,822

Infrastructure Alumni 27% 67% Centres of Excellence Corporations 23% 25%

Highest Priorities Faculty & Research Friends 13% 21% 6%

Student Support Foundations 16% 2%

2013 Ivey Annual Report | 23 Kevin O’Leary MBA ’80 Barbara Fraser HBA ’71 John Kao HBA ’76 Director Chairman O’Leary Funds Worldvest Holdings Ltd Kenneth Harrigan HBA ’51 Jeffrey Orr HBA ’81 President K W Harrigan Robert Kennedy Dean Boards & Councils President & CEO Power Consultants Ivey Business School Financial Corporation Richard Ivey HBA ’47 Leonie Ki Executive Anthony Ostler MBA ’97 Chairman Ivest Director New World Senior Vice President Corporation Development Co Ltd Ivey is fortunate to have & Chief Marketing Gilles Lamoureux Daniel Lam EMBA ’00 the support and counsel of OfficerManulife Asset Management MBA ’66 Senior Vice President & Director Hampton exceptional business leaders. Bob Luba MBA ’67 Gilles Ouellette HBA ’69 Securities (Asia) Ltd We are proud to list the 2013 MBA ’70 President & CEO President Luba Financial Private Client Group BMO Incorporated Patrick Lam Executive members of our many boards Director NWS Holdings Financial Group Deputy Chris Matthews MBA ’72 and appreciate their passion Ltd Chairman BMO Nesbitt Chairman Hay Group and commitment, which help Burns Inc. Eddie Law HBA ’91 CEO Don McDougall MBA ’61 Zheng He Financial propel the School forward. Bryan Pearce HBA ’81 President & CEO Holdings Limited Americas Director Venture Rambri Management Capital Advisory Group Incorporated Dr. Simon Leung CEO Ernst & Young Harrow International David Cornhill MBA ’80 David Kassie MBA ’79 Grant Reuber Ivey Advisory Board Pierre Pomerleau Management Services Chairman & CEO Group Chairman AltaGas MBA ’89 President & CEO Dick Sharpe HBA ’50 CHAIR Ltd Canaccord Genuity Gordon Perchthold* Pomerleau Inc Pierre Morrissette Bill Shurniak Chairman MBA ’91 Senior Advisor Jill Denham HBA ’83 Edward Kennedy* MBA ’72 Founder & Bruce Reid MBA ’64 & President Managing Across Asia Corporate Director HBA ’81 President & CEO Shurniak Art Executive Chairman Gallery The North West Company Larry Rosen LLB/MBA ’82 Dipak Rastogi MBA ’82 Pelmorex Media Inc Darin Deschamps HBA ’87 Chairman & CEO Doug Speers MBA ’70 Private Equity Investor Deputy Head – Investment Robert Kennedy Dean Harry Paul Atkinson Citi Venture Capital Banking Rosen Inc Allan Taylor HBA ’86 Managing Director National Bank Ivey Business School RBC International Financial Paul Sabourin MBA ’80 Southwest Sun Inc Arkadi Kuhlmann HBA ’71 Financial Group Chairman & Chief Kishore Sakhrani Kirsten Feldman MBA ’84 MBA ’72 Chairman & CEO William Wilder President Nora Aufreiter HBA ’81 Investment OfficerPolar MBA ’83 ZenBanx W P Wilder Director McKinsey & Serge Gouin HBA ’65 Securities Inc Rick Siemens Chairman Company MBA ’66 Louis Lagassé MBA ’73 Heather Shaw* MBA ’87 E-Kong Group Ltd Chairman & CEO Groupe Asian Advisory Board Brett Barakett HBA ’88 Douglas Guzman HBA ’88 Executive Chair Corus Lagassé Dr. Henry Wang Director Chairman & CEO Head of Global Investment Entertainment Inc CHAIR General The Center for Tremblant Capital LLC Banking Tom Lindsay MBA ’81 Dr. Henry Cheng RBC Capital Joe Shlesinger MBA ’86 China & Globalization Markets President & COO Belkorp HBA ’71 MBA ’72 Chairman Scott Beattie HBA ’81 Managing Director Callisto Industries Inc New World Development Dr. Allan Zeman Chairman MBA ’86 Chairman, Jon Hantho MBA ’89 Capital LP Co Ltd Lan Kwai Fong Holdings President & CEO Elizabeth President & CEO Stephen Lister MBA ’85 Maxxam Chris Tambakis HBA ’86 Ltd Arden Inc Managing Partner Dr. Derek Anthony Analytics Imperial CEO North America Capital Group Managing Director The Laurie Campbell MBA ’89 Laura Hantho MBA ’89 Adgar Investments & Music & Drama Institute Ivey Alumni Managing Director Merrill Corporate Consultant Jon Love HBA ’76 Development Inc Ltd Association Board Lynch Debt Capital Managing Partner KingSett Michael Hill HBA ’89 Marty Thrasher HBA ’73 of Directors Markets Bank of America Capital Inc. Dr. Paul Beamish Managing Director & President Merrill Lynch FMT Consulting HBA ’76 PhD ’85 Professor CHAIR Global Co-Head Natural Terry Lyons MBA ’74 Don Triggs MBA ’68 Executive Director – Asian Anthony Ostler Dr. Amit Chakma Resources and Power Chairman Eacom Timber Management Institute MBA ’97 Senior Vice President & Vice- Co-Proprietor & Principal Ivey Group Nomura Securities Corporation President & Chief Chancellor Western Culmina Family Estate Business School Paul Hill MBA ’69 Hugh MacDiarmid Marketing OfficerManulife University Winery Andy Chan EMBA ’08 President & CEO HBA ’74 President Asset Management Harvard VIS|EX Chief Financial Officer Ron Charles MBA ’71 Prem Watsa MBA ’74 Developments Inc Corporation Cristina Bardorf Managing Partner Chairman & CEO Fairfax Kingdom Holdings The HBA ’10 Marketing Caldwell Partners Tim Hockey EMBA ’97 Tim MacDonald HBA ’81 Financial Holdings Limited President & CEO MBA ’88 Limited Partner Specialist Mountain International Inc TD Limited Dr. John Cheh Vice Transaction Advisory Equipment Co-op Canada Trust Company Chairman & CEO Dr. Henry Cheng Mark Whitmore MBA ’91 Esquel Services Ernst & Young David Barron* HBA ’94 HBA ’71 MBA ’72 Chairman Tim Hodgson MBA ’88 Managing Partner – Group Managing Partner Christine Magee HBA ’82 Toronto Owner/Operator Ottawa New World Development Deloitte & Touche Adrian Cheng Executive President West CertaPro Painters Co Ltd Alignvest Management Sleep Country LLP Director & Joint General Corporation Canada Manager Colin Bogar HBA ’05 Andy Chisholm MBA ’85 Michael Wilson HBA ’90 New World MBA ’08 Managing Senior Strategy Officer Jim Hunter MBA ’76 Michael McCain HBA ’79 Advisor T A Associates Development Co Ltd Chairman & CEO President & CEO Director MGI Pacific Goldman, Sachs & Co. NexGen Maple Andrew Wiswell MBA ’80 Robert Cook Senior Financial Leaf Foods Incorporated Executive VP and General JeffreyB rown HBA ’00 Sylvia Chrominska President & CEO Imagine Manager – Asia Chief Strategy & HBA ’75 Chair Scotiabank Ian Ihnatowycz MBA ’82 Steve McDonald Enterprises Ltd Manulife President and CEO MBA ’83 Group Head and Financial Corporation Procurement Officer Trinidad & Tobago Ltd. First Emeritus Members Co-CEO Global Banking Porter Airlines Inc and Scotia Trust and Generation Capital Inc Simon Cua EMBA ’05 and Markets Scotia John Armstrong Merchant Bank & Chair James D Irving* President Managing Director Light Michel Bruyère MBA ’93 Capital Incorporated CEO Scotia Group Jamaica Ltd J D Irving Limited Ralph Barford President Engine Limited Neotelis Sarah Morgenstern Connie Clerici President Valleydene Corp Limited Dr. Janet De Silva Alastair Caddick HBA ’95 Richard W Ivey HBA ’72 MBA ’93 Publisher & & CEO Closing the Gap EMBA ’94 Dean Ivey Asia Vice President Strategic Chairman & CEO Ivest Co-Founder Tom Brent HBA ’59 Healthcare Group SavvyMom Ivey Business School Programs CHC Helicopter Corporation Media Chairman Medihold Lisa Colnett HBA ’81 Limited John Irwin CFO/CIO/ Rory Capern HBA ’00 Don Johnson MBA ’63 Michael Needham Director of Facilities Vice MBA ’04 Strategic Dean Connor HBA ’78 Member – Advisory Board MBA ’68 Chairman & CEO Bob Brouillard MBA ’66 President of the Ivey Partnership Lead President & CEO BMO Capital Markets Google Sun Life SimEx! Iwerks Geno Francolini HBA ’54 Group of Companies Ivey Julie Cassidy HBA ’05 Financial Michael Kanovsky President & CEO Kevin O’Brien HBA ’93 Xenon Business School Manager – Strategic George Cope HBA ’84 MBA ’73 President Sky Chief Commercial Officer Capital Corp Initiatives Branch Banking President & CEO Energy Corporation BCE Inc. Aeroplan TD Bank Group and Bell Canada

24 | 2013 Ivey Annual Report Nondini Chakrabarti Robb McNaughton* Caleb Yong MBA ’11 David Simpson MBA ’88 Catherine Seguin Leadership Council MBA ’13 Associate RBC LLB/MBA ’00 Partner Relationship Manager – Executive Director Pierre EMBA ’97 Vice President Wealth Management Borden Ladner Gervais Commercial Banking TD L. Morrissette Institute International Affairs CHAIR LLP Bank Group for Entrepreneurship Ivey Hospital for Sick Children Barbara Stymiest HBA ’78 Andy Chan* EMBA ’08 Business School Director/Chair Group Financial Controller Mike Myre EMBA ’09 Dale Zhang HBA ’10 Shirlee Sharkey President Blackberry Natural Beauty Bio- Owner Myre Insurance Ltd Associate M & A The Gores Stephen Suske MBA ’77 & CEO Saint Elizabeth Bill Aziz HBA ’79 President Technology Ltd Group President & CEO Suske Health Care Michael Quinn MBA ’02 BlueTree Advisors II Inc Capital Management Amy Childs HBA ’09 Senior Vice President Dr Calvin Stiller President Scott Beattie HBA ’81 Manager – Financial Energy & Resources Royal Entrepreneurship Stewart Thornhill* Stilco Corporation MBA ’86 Chairman, Education & Wellness RBC Bank of Scotland Advisory Council President & CEO Michael White MBA ’00 Dr Michael Strong Elizabeth Financial Group Arden Inc Stanley Rodos HBA ’07 CHAIR President IBK Capital Dean Schulich School Joan Dal Bianco* President Stonetile David Wright HBA ’83 Corp of Medicine & Dentistry John Boynton HBA ’86 EMBA ’07 Vice President WOOD President Agora Western University Executive Vice President Global Anti-Money & Chief Marketing Officer Ian Rosen HBA ’11 Consulting Partners Inc International Centre Dr. Paul Walker Laundering TD Bank Rogers Communications Consultant SECOR Ian Aitken HBA ’87 for Health Innovation President & CEO Spectral Group Inc Consulting (Strategic Managing Partner Advisory Council Diagnostics Christopher Emery Services) KPMG Janice Charette Deputy Pembroke Management Dale Weil Senior Vice EMBA ’04 Director Enterprise CHAIR Clerk and Associate Ltd President Integrated Business Development Neil Fraser MBA ’83 Secretary to the Cabinet Parag Saigaonkar Bruce Barker Partner Healthcare & Cisco Systems President and Regional Privy Council MBA ’94 Regional Bennett Jones LLP Vice President – Canada, Pharmaceutical Solutions Ian Goshko* HBA ’05 Managing Director Deloitte Medtronic Inc McKesson Canada Antoni Cimolino Artistic Andrew Barnicke Medtronic Consulting Manager Consulting India Pvt Ltd of Canada Ltd Director Stratford Festival Change & Talent HBA ’83 President Abbey Deloitte & Touche LLP Lawrence Centre of Canada Management Accenture Road Ventures Inc Bonnie Adamson Vania Sakelaris EMBA ’12 President & CEO Advisory Council Peter Devlin President Inc Michael Boyd MBA ’76 London Senior Director – Health Health Sciences Centre Fanshawe College Dr. Nicole R Haggerty System Integration Corporate Director & CHAIR HBA ’89 PhD ’04 Associate Design Toronto Central Advisor Bill Charnetski Jim Prentice Senior Ana Dominguez Executive VP Corporate Affairs Executive Vice President Director & General Professor Ivey Business Local Health Integration Connie Clerici President International & Vice-Chairman CIBC Manager SC Johnson and School Network & CEO AstraZeneca Closing the Gap PLC Son Ltd, Canada Billy Hennessey HBA ’06 Krista Schiestel* MBA ’07 Healthcare Group George Baran EMBA ’02 Dr Henry Friesen Vice-Chairman Trudell JeffG andz Professor President Oxford Beach Business Development Ron Close HBA ’81 Founding Chair Genome Medical Ltd Emeritus Ivey Business and RoyalPak Capital IQ – A Standard President & CEO Pelmorex & Poor’s Business Canada School Amanda Hsueh HBA ’06 Media Inc Jalynn Bennett President Victor Garcia Chief Teck Resources Ltd Roland Horst Marketing Manager Mark Shuper HBA ’92 Bob Dhillon EMBA ’98 Technology Officer LLB/MBA’83 CEO and Cheerios General Mills Co-Founder The Sprouts Founder, President & Bell Donald Campbell Senior Director CBay Minerals Canada Inc Foundation CEO Investor Relations Canada Enterprises Strategy Advisor Davis Inc Eric Jensen MBA ’89 Ambrose Sung* HBA ’95 Mainstreet Equity Corp Frank Gleeson President & LLP CEO Ian Ihnatowycz MBA ’82 Founder Holdsworth Stephen Gunn MBA ’81 Destin Therapeutics Edmund Clark* President Sunil Talwar EMBA ’12 President and CEO First Advisory Services Chairman & CEO Inc & CEO Director – ICT Operations Sleep TD Bank Group Generation Capital Inc Country Canada Dr Raphael Hofstein Darren Johnston MBA ’99 Chinese International Thomas d’Aquino President & CEO Robert Kennedy Dean Founder & CEO Dormie School Pamela Jeffery HBA ’84 MaRS Chairman & CEO LLC Innovation Ivey Business School Kamana Tripathi MBA ’07 MBA ’88 President Jeffery Intercounsel Ltd Group Ltd Robert Kennedy Dean Stephen Mader Vice Peter Kalen HBA ’95 Vice President Office of the Jim Dinning* Chairman of Chairman & Managing MBA ’01 Founder & CEO Chief Operating OfficerTD Melinda Lehman MBA ’94 Ivey Business School Board of Directors Western Director, Board Services Wellspring Financial Securities Inc Managing Director Happen Paul Kirkconnell MBA ’83 Financial Group Practice Korn/Ferry Inc Managing Director Sabrina Kumar Anton Vidgen* HBA ’06 Anthony Ferrari* MBA ’98 International Ceccarelli* HBA ’06 Senior Director Customer Pierre Morrissette Kirchner Group Senior Vice President Amos Michelson Associate Torys and Technology Air MBA ’72 Founder & Paul LePage President Forum Equity Partners Chairman Kardium Inc Canada rouge Executive Chairman Edwin Lee MBA ’04 Vice TELUS Health & Payment Giles Gherson Deputy Pelmorex Media Inc Jeffrey Orr HBA ’81 President – Strategy Klick Matt Vines* HBA ’07 Solutions Minister Ontario Ministry President & CEO Power Health MBA ’14 Candidate Eric Morse Associate Dean Terrence McCool Director of Consumer Services Financial Corporation Associate – Oilfield Programs Ivey Business & Vice President Corporate Peter Lowas MBA ’10 Services Global Energy Blake Goldring Chairman School AffairsEli Lilly Canada Michael Rolland HBA ’79 Associate Corporate Credit Research & CEO RBC Capital AGF Management President & CEO Borealis – Investment Banking TD Alexa Nick MBA ’95 Inc Markets Ltd Infrastructure Securities Inc Managing Director Dr Brent Norton MBA ’89 Dustin Wen MBA ’05 Carolyn Lawrence Raveena Maheshwari BottomLine Group & President & CEO PreMD Gerard Seijts Professor – Managing Partner Capital President & CEO Women MBA ’07 Senior Manager myPractice Inc Organizational Behaviour First Partners of Influence Inc & Executive Director – Ian Strategic Initiatives/CRM & Kelsey Ramsden MBA ’04 Sue Paish CEO LifeLabs The Hon Anne McLellan O Ihnatowycz Institute for Information Management Gary West HBA ’68 President Belvedere Place Counsel Leadership Ivey Business RBC Financial Group Development & Owner Dale Patterson* Bennett Jones Jim White HBA ’74 LLP School Anthony Mar MBA ’94 MBA ’75 Senior Partner SparkPlay Inc Domenic Pilla President Bill Troost MBA ’75 CEO & President How Lawrence White Larry Rosen LLB/MBA ’82 & CEO Shoppers Drug Stephen Poloz Governor President/Founder Peel Cliniconex Inc Bowes Chairman & CEO Mart Inc Bank of Canada Harry Plastics Limited Jordan Martens HBA ’04 Mark Whitmore MBA ’91 Rosen Inc Lisa Purdy Partner Jeffrey Simpson* Managing Partner – National Health Consulting Columnist The Nation The Mac Van Wielingen Hugh McMullan EMBA ’09 John Rothschild MBA ’73 Toronto Deloitte & Touche Leader Deloitte Canada Globe and Mail HBA ’75 Co-Chairman/ Wealth Advisor & Associate CEO Prime Restaurants LLP Director/Co-Founder ARC Portfolio Manager BMO Inc Graham Scott President Carol Stephenson Former Financial Corporation Nesbitt Burns Chet Choon Woon Paul Sabourin MBA ’80 Graham Scott Strategies Dean Ivey Business School MBA ’94 Business Catherine Zahn President Chairman & Chief Inc Vic Young* MBA ’68 Jennifer McNaughton* Development & CEO Centre for HBA ’86 MBA ’91 Senior Investment OfficerPolar Corporate Director GroomTalent.com BCE Addiction and Mental Manager – Alliances DMTI Securities Inc Health Spatial *Indicates members who stepped down during 2013

2013 Ivey Annual Report | 25 Susanne & Martin Thrasher, Richard J Currie Manulife Financial HBA ’73 Danby Products Corporation TransCanada PipeLines Nelson M Davis Trust Fund Maple Leaf Capital LLP Limited Lifetime Giving Janet De Silva, EMBA ’94 Maple Leaf Foods Inc Maria Smith & Eric Tripp, Chris R Matthews, MBA ’72 MBA ’83 The Late Paul Guy Desmarais The Honourable Margaret Mark Wellings, MBA ’96 Daniel A Devlin, HBA ’81 McCain & The Late Wallace Recognizing Ivey’s most generous supporters who have Michael A R Wilson, HBA ’90 McCain EllisDon Corporation given the School $25,000 or more cumulatively. This list W C Wood Foundation Steve McDonald, MBA ’83 ERA Foundation reflects lifetime giving to Ivey as of December 31, 2013. Doug McGregor, HBA ’79, $100,000 – Kirsten Feldman, MBA ’84 MBA ’82 $249,999 Dr & Mrs Geno F Francolini, McKesson Canada HBA ’54 Anonymous McKinsey & Company $10,000,000 + William (Bill) H Fuller, Robert V Brouillard, Barbara Fraser, HBA ’71 MBA ’61 MBA ’66 Anonymous & Ian Fraser, HBA ’71 Michelle & Patrick Meneley, Dr Henry Cheng, HBA ’71, MBA ’90 Richard & Jean Ivey Fund Certified Management Anonymous General Motors of Canada MBA ’72 Merck Canada Inc Donald K Jackson Family Accountants of Ontario Anonymous Limited Richard M Ivey Family & Ivey Foundation Alexander F L Chan, HBA ’78 Mical Equities Limited Foundation Anonymous Gilead Sciences Canada Inc Donald K Johnson, MBA ’63 Sylvia D Chrominska, Anonymous GlaxoSmithKline Inc Mihealth Global Systems HBA ’75 Inc $5,000,000 – KPMG Enterprise Accenture Inc Peter & Shelagh Godsoe Citigroup Inc & Citibank The Jean C Monty Family $9,999,999 Arkadi Kuhlmann, HBA ’71, Wendy Adams, HBA ’82, Ken R Good Family Canada MBA ’72 MBA ’86 & Wade Sarah Morgenstern, Anonymous Robert Gorman, MBA ’77 Albert & Temmy Latner Lisa Colnett, HBA ’81 Oosterman, MBA ’86 MBA ’93 & Todd Hargarten, Denyse Chicoyne & Serge Pierre L Morrissette, Family Foundation John R Currie, HBA ’60 MBA ’93 MBA ’72 Adobe Corporation Gouin, HBA ’65, MBA ’66 MBA Association George S Dembroski, Nesbitt Family A Ian Aitken, HBA ’87 Janet C Griffin, MBA ’88 Tangerine HBA ’56 New World Development Michael McCain, HBA ’79 John Akkerman, MBA ’87 & Jock W MacDonald, Darin Deschamps, HBA ’87 Co Ltd $2,000,000 – Eugene & Lori Melnyk Gwen Anders, HBA ’47, MBA ’88 & Lisa Deschamps, HBA ’87 Nordion $4,999,999 Paul Murray, HBA ’54 MBA ’48 Greg Guatto, HBA ’90 John Dobson Foundation Ontario Genomics Institute Supply Chain Management Angiotech Pharmaceuticals & Tracy Guatto, HBA ’90, Anonymous MBA ’95 Association Eli Lilly Canada Inc Inc Pelmorex Media Inc The Ralph M Barford Edward J Gudaitis, MBA ’93 Harry Rosen Inc & Larry Export Development Nora Aufreiter, HBA ’81 & Petro-Canada Inc Foundation Rosen, LLB/MBA ’82 Canada Lawrence Pentland, HBA ’81 Laura Hantho, MBA ’89 Michael & Margot Phair/ BMO Financial Group & Jon Hantho, MBA ’89 StarTech.com Ltd Farm Credit Canada Thomas H Bailey, MBA ’62 Phair Family Foundation Canadian Tire Corporation HBA Association Suncor Energy Foundation Margaret & Jim Fleck, Marsha & Aubrey Baillie, Picchio International Limited HBA ’53 HBA ’67 Hewlett-Packard Ltd Melinda & John Thompson Pierre Pomerleau, MBA ’89 Corus Entertainment Ford Motor Company of Bain & Company Canada Michael B Hill, HBA ’89 PreMD Inc Donald L Triggs, MBA ’68 Canada Limited Great-West Life, Inc Timothy Hodgson, MBA ’88 C James Prieur, MBA ’75 London Life Foundation Western & $500,000 – Brett E B Barakett, HBA ’88 & Linda Netten Procter & Gamble Inc & Canada Life Alumni Western $999,999 Thomas K Barber, MBA ’79 Lonsdale Holland, MBA ’57 Purchase Family Carol & Paul Hill, MBA ’69 George Weston Limited Bayer Inc Verna & Tom Howard, William J Quinn, HBA ’81 Ian Ihnatowycz, MBA ’82 John Adamson, MBA ’72 E Nicholas Gudewill, Dr Francesco Bellini MBA ’72 & Marta Witer AltaGas Ltd MBA ’74 Zaheeda & Nav Rahemtulla, Biogen Idec Canada The Late Colin L Hubling, HBA ’98 Ivey Alumni Association J Armand Bombardier Geoffrey Gudewill, MBA ’83 HBA ’53 Toronto Chapter Birch Hill Equity Partners Dipak Rastogi, MBA ’82 Foundation Peter B Gudewill, HBA ’73 Jim Hunter, MBA ’76 & Betty & The Late Bruce Rob Richards, MBA ’70 The Late R Jack Lawrence, Canadian Pacific Ltd Sam Gudewill, HBA ’77 Heather Hunter, MBA ’76 HBA ’56 Birmingham Hartley & Heather G Mark Curry, MBA ’69 Debra & Brian Heald, IBK Capital Corp Jon Love, HBA ’76 & Nancy Blackburn Family Richardson Deloitte MBA ’85 IBM Canada Ltd Yeomans Love, HBA ’76 Boston Consulting Group of Rio Tinto Alcan Inc Ernst & Young LLP HongKong Pei Hua Institute for Health System Paul R MacPherson, Education Foundation Canada Ltd Michael Rolland, HBA ’79 MBA ’63 Goldman Sachs Gives Transformation and HSBC Bank Canada David Braley Sustainability John A Rothschild, MBA ’73 Lana & Tim Hockey, Power Financial Corporation Tom Brent, HBA ’59 EMBA ’97 Pierre Lapointe, MBA ’83 J D Irving Limited Randy BM Royer, HBA ’77 RBC Ronald Bresler, MBA ’83 Michael M Kanovsky, S W Eddie Law, HBA ’91 William J Jandrisits, S C Johnson & Son Inc C John Schumacher, MBA ’73 Stephen D Lister, MBA ’85 Brenda & Bob Brooks, HBA ’83, MBA ’90 Kishore K Sakhrani, MBA ’84 MBA ’68 David Kassie, MBA ’79 Jarislowsky Foundation MBA ’83 Scotiabank Marion & Donald McDougall, & Susan Harris, MBA ’82 MBA ’61 Burgundy Asset Kao Ying Lun, John, HBA ’76 John H Simpson, HBA ’76 TD Bank Group Management Ltd Daniel Lam, EMBA ’00 Medtronic of Canada Ltd Roland T Keiper, HBA ’82 Paul B Spafford, MBA ’76 Kathleen & William Troost, Christopher M Burley, Donald Lang, HBA ’80 Douglas Speers, MBA ’70 MBA ’75 National Bank Financial MBA ’87 Joanne & Peter Kenny, Heather & Fraser Latta, Markets MBA ’57 Carol Stephenson, O.C. Alice & Grant Burton, HBA ’76 $1,000,000 – Michael Needham, MBA ’68 MBA ’68 Edward Kernaghan, HBA ’65 Barbara G Stymiest, Lee Foundation HBA ’78 $1,999,999 Kevin O’Leary, MBA ’80 Stewart C Burton, HBA ’81 Gerald L Knowlton, HBA ’55 MacLean Hunter Ltd Louis Lagasse, MBA ’73 Stephen A Suske, MBA ’77 Anonymous OMERS Worldwide Audrey & Donald Campbell Nortel Networks Foundation Nicole & Gilles Lamoureux, Glenna & Richard Talbot, Anonymous Jeffrey Orr, HBA ’81 Corporation MBA ’66 HBA ’86, MBA ’91 & Suzanne Legge Laurie Campbell, MBA ’89 The Mitchell & Kathryn Bruce H Reid, MBA ’64 Landmark Communications Chris G Tambakis, HBA ’86 Baran Family Foundation / Gilles G G Ouellette, Canadian International HBA ’69, MBA ’70 Foundation Trudell Medical Limited Paul Sabourin, MBA ’80 Development Agency Michael G Tevlin, HBA ’81 Power Workers’ Union Dr Michiel R Leenders, Melissa & Scott Beattie, Shaw Communications Inc Institute of Chartered TMX Group MBA ’59 HBA ’81, MBA ’88 Joe Shlesinger, MBA ’86 PricewaterhouseCoopers Accountants of Ontario Torys Betty-Anne Lindsay, Bloomberg & Samara Walbohm LLP Ciba-Geigy Canada Domenica & Doug Tough, MBA ’81 & Tom Lindsay, William Shurniak Richardson Foundation MBA ’74 Bill & Anne Brock Family, Robert A R Clouston, MBA ’81 MBA ’63 W Keith Smith, MBA ’60 Roman Corporation Limited MBA ’72 Serge Turko, MBA ’87 Loblaw Companies Limited Andy Chisholm, MBA ’85 Richard E Rooney, MBA ’81 Scott Cooper, HBA ’82 George B Turnbull, HBA ’49 Terry A Lyons, MBA ’74 CIBC $250,000 – Larry Shaw, HBA ’62 George A Cope, HBA ’84 Valeant Pharmaceuticals Claudette C MacDonald & $499,999 International Inc Brendan R Clouston, Spin Master Ltd Bea & Purdy Crawford Donald J MacDonald MBA ’79 Mr & Mrs F Peter Donald F Archibald, MBA ’85 The Staffen Family: Carolyn M H Cross, HBA ’84 Tim MacDonald, HBA ’81, von Muralt-Lo David W Cornhill, MBA ’80 AstraZeneca Rob, Sharon, Julia, Simon Tin-Yin Cua, MBA ’88 Matt & Candra David J Walker, MBA ’58 John A K Francis, HBA ’86 Paul J Atkinson, HBA ’86 EMBA ’05 W Allan MacEwen, HBA ’76 Adam Waterous, HBA ’84 Mark Cullen, MBA ’71 Magna International Inc

26 | 2013 Ivey Annual Report W Garfield Weston Dino DiCienzo, HBA ’87 RLG International Connor Clark & Lunn Wendy MacKinnon-Keith, William Quinn, HBA ’85, Foundation Jeff Dossett, HBA ’83 Harry & Evelyn Rosen Financial Group MBA ’89 MBA ’89 Libby & Charles Winograd, Ryan Finch, HBA ’97 Peter Samson, HBA ’87 & Kim MP Cook, MBA ’93 Edward Kennedy, HBA ’81 Robert S Rawlings, HBA ’51 MBA ’71 & Stella Kennedy, HBA ’81 Jean-Louis Fontaine, Cathy Williamson, HBA ’87 The Co-operators Group Ltd Tasha & David Rawlings, Wiswell Family MBA ’77 Scott Sarjeant, MBA ’80 John D Crabb Lyle Kerr, MBA ’81 HBA ’96 & Valerie Millen, MBA ’87 Fundata Canada Inc Lawrie Savage, MBA ’73 Patrick Cronin, MBA ’93 Douglas Reid, HBA ’58 $50,000 – $99,999 Richard L Knowles, HBA ’73 Bruce R Gall, MBA ’69 Alan Sellery, HBA ’87 Art Crooks, MBA ’63 Robyn & Gordon Ritchie, Anonymous Marisa Kwok, HBA ’77 MBA ’77 Jim Gallagher, MBA ’79 Michael C Shannon, Dann Cushing, HBA ’00 Anonymous Gordon Lackenbauer, Russel Robertson, HBA ’69 General Mills Canada Inc MBA ’83 Dominic D’Alessandro, O.C. MBA ’68 & Joyce Trapp Anonymous Yvonne & Jason Robertson, Gerald Schwartz & Heather Peter Sharpe David P Dal Bello, HBA ’90 A Craig Lahmer, MBA ’74 MBA ’93 Anonymous Reisman Foundation Joseph Shilon Kelley Dalton, HBA ’90 Douglas M Lambert, Lisanne & Jim Rogers, Anonymous Robert Gibson, MBA ’87 Lorraine Shuttleworth & Kevin Dalton, HBA ’90 HBA ’69, MBA ’71 MBA ’90 Anonymous Green Shield Canada Lino (Lee) Sienna, HBA ’74 La Fondation De Gaspe Claude & Lorraine Bruce Rothney, MBA ’89 Anonymous Peter Grosskopf, HBA ’87, Peter Simon, HBA ’86 Beaubien Lamoureux & Lisa Rothney, HBA ’85, MBA ’90 MBA ’86 MBA ’89 Anonymous Richard D Stephenson, Ian de Verteuil, Lanxess Inc Doug Guzman, MBA ’88 MBA ’93 Paul Derksen, HBA ’75 RSM Richter LLP 3M Canada Company Lee Seng Wee, MBA ’54 & Sheila Brown Stockgroup David DesLauriers, HBA ’81 Canada’s Research-Based A T Kearney Ltd Anne McMaster & Frederic Keith R Halpenny, HBA ’55 Pharmaceutical Companies Wayne Adlam, MBA ’86 Rob Szabo, MBA ’93 Navjeet Dhillon, EMBA ’98 Lesage, MBA ’01 R Keith Harfield, HBA ’70 (Rx&D) Alberta Performing Arts Karen J Taylor, MBA ’92 Janet & Roger Dickhout, Thomas & Rosemary Logan Gerald Hipple, HBA ’59 MBA ’83 Harolde Savoy, MBA ’84 Stabilization Fund Olga & Sergei LoyaltyOne Holcim (Canada) Inc Tchetvertnykh, MBA ’94 Randolph Dietrich, HBA ’79 Michael Schwenger, HBA ’74 ArcelorMittal Dofasco Inc Maxine MacLure, MBA ’80 David Holmes, HBA ’73 Teck Resources Limited David S C Dobell, MBA ’89 R Luke Seabrook, HBA ’96 Yvonne & Ross Archibald, Laura Marks Entwistle, Brian & Heather Semkowski HBA ’58 The Hopper Family TELUS Corporation Thomas Ebbern, MBA ’89 HBA ’90 Family Foundation Jean L & Walter R Badun, Robert Hubling, HBA ’53 Tembec Inc Izzeldin A Elkhazin, Charles & Rita Field- DBA ’55, MBA ’57 Richard Sharpe, HBA ’50 Horst E Hueniken, MBA ’87 Gareth Turner, MBA ’91 HBA ’71, MBA ’72 Marsham Foundation Andrew Barnicke, HBA ’83 Ken Shaver, HBA ’81 Hydro One Networks Unilever Canada Rhys T Eyton, HBA ’58 David L Mayhew, HBA ’74 Deb Barrett, HBA ’80 Heather Shaw, MBA ’87 Imperial Oil Limited Luc Vanneste, EMBA ’99 Federation of Chinese Scott McCain & Jim Leech Canadian Professionals Robert Shearer, HBA ’70 John G Inch, HBA ’91 Darlene Vincent, MBA ’79 Rosemarie McClean Barrick Gold Corporation (Ontario) Education Donald R Sheldon, MBA ’69 Doug Irwin, MBA ’81 Anthony von Mandl Foundation MJ (Marty) McConnell, BC Hydro HBA ’82 Bruce M Shirreff, HBA ’74, & Margot Jones, MBA ’82 Andrew Waitman, MBA ’92 Mary Federau, MBA ’87 MBA ’77 Bell Canada McCormick Canada Inc Ivey Alumni Association Michael E Wexler, HBA ’93 & David Hass, MBA ’87 Michael Bernstein, MBA ’96 Calgary Chapter Curt Sigfstead, MBA ’97 Miguel Fernandez, MBA ’62 Todd McCuaig, HBA ’87 & Nan DasGupta, MBA ’96 Mark Whitmore, MBA ’91 & Lara Witter, MBA ’98 Franklin G Jacobs, MBA ’76 Tom Flynn, HBA ’87, Ronald G McCullough, Robert G Bertram Donald Woodley, MBA ’70 John B Simcoe, HBA ’92 Lan Kwai Fong Holdings Ltd MBA ’92 & Cathy Hampson, MBA ’60 Zena & John Besterd, David Wright, HBA ’83 Dr Ian A Sloan Jane & Michael Lay, HBA ’86, MBA ’90 Raymond McFeetors HBA ’78 Ray G Young, HBA ’84 The Late H Marie Smibert, HBA ’83 Steven Yaron Garmaise, Tim McGuire, HBA ’83 Blackberry HBA ’40 LEADER Project MBA ’83 Steven N S McMurray, $25,000 – $49,999 Janet & Keith Smith, Bombardier Inc Endla & John Gilmour HBA ’80 Steve Lear, HBA ’80 MBA ’75 Thomas Bradley, MBA ’83 Anonymous Foundation Mark Lewis, HBA ’91 The Late Ted Medland & Lori Lothian Andy & Helen Spriet Anonymous Glenn Jones, HBA ’68 L Jacques Menard, O.C., Robert W Luba, MBA ’67 Brian Stock, HBA ’81 James Brodeur, MBA ’62 Anonymous Gluskin Sheff + Associates MBA ’70 Anne & Jay MacAulay, The Late Lorne Stone, Judy & Murray Bryant Anonymous Alex E Graham, MBA ’89 Lisa & Guy Metcalfe, MBA ’71 MBA ’68 J Judd Buchanan, MBA ’55 HBA ’90 Hugh MacDiarmid, HBA ’74 Anonymous Jon K Grant, O.C., HBA ’59 Maggie & John Mitchell, Bob Stuebing, MBA ’74 Business Families Anonymous William & Lynne Gray Natalie MacLean, MBA ’92 MBA ’78 Lawrence Tanenbaum Foundation Foundation Macquarie Capital Markets Anonymous Cameron Calder, HBA ’53 David Montanera, HBA ’84, Ronald E Taylor, MBA ’71 Canada Ltd Anonymous Douglas Greaves, HBA ’72 MBA ’88 Paul A Thomas, HBA ’85 Colleen Campbell, HBA ’80 Sheldon Greenspan, Christine A Magee, HBA ’82 Alumni Computer Group Ltd Philip F D Moorcroft, & Stuart MacGregor, HBA ’90 Tim Hortons Inc. MBA ’79 Peter T Main, HBA ’64 William D Anderson, MBA ’97 The Estate of William Bell TorQuest Partners Jack H Matthews, MBA ’83 HBA ’72 Morgan Stanley Canada Ltd Paul F Campbell, MBA ’90 Grieves Joseph Tse, MBA ’87 Craig P Mayor, HBA ’73, G F Kym Anthony, MBA ’80 Hugh Morris, HBA ’53 William I Campbell, MBA ’67 Jean & Ken Harrigan, Mme & M Jean Turmel MBA ’76 David S Anyon, EMBA ’97 Jane & Roger Mortimer, Yolanda & David Campbell, HBA ’51 Wesley R Twiss, MBA ’72 HBA ’93 Robert G McFarlane, Hugh D Babowal, MBA ’97 MBA ’86 Daniel Hebert, MBA ’81 Mary & Barry Ullett, HBA ’75 MBA ’85 Bruce Barker Guff Muench, MBA ’81 Shody Chow, MBA ’69 Jan Herman, MBA ’84 & Paul J D Miller, MBA ’84 Vale Kathleen & Ron Close, Gary Barnes, HBA ’67 Mark Herman, MBA ’84 The Late Sean C V Mullin, Teresa & John Vander HBA ’81 Monitor Deloitte Dr Paul W Beamish, HBA ’84 Hicks Morley Hamilton Hoeven, HBA ’74 The Berdie & Irvin Cohen Marti Morfitt, HBA ’79 HBA ’76, PhD ’84 Stewart Storie LLP Wendy Murdock, MBA ’82 & Patrick Weber Sun Light Foundation Fund for Doctoral Business John K Bell, HBA ’70 Asiff Hirji, MBA ’92 Julie & Dr H B Brent Norton, Scholarship Lenny Moy, MBA ’84 MBA ’89 Wellington Financial LP Jalynn H Bennett Donald Hoffhine, MBA ’74 Dan Coholan, MBA ’87 Paul E Moynihan, MBA ’92 Oliver Wyman Westport Power Robert H Beriault, MBA ’78 Home Depot Inc Peter P Cohos, HBA ’80 Nortel Networks (Asia) Ltd Robert Olsen, MBA ’88 Gale & Bill White, MBA ’69 James A Bertrand, MBA ’83 Tony Horak, MBA ’75 Dean Connor, HBA ’78 The Wesley & Mary Nicol Allan Olson, MBA ’65 Scott Wilson, HBA ’81 & Austin C Beutel Investors Group Inc Mark Cowie, HBA ’80 Charitable Foundation Anthony Ostler, MBA ’97 Jacqueline Love Wilson, Andre M Boysen, EMBA ’99 Allan Jackson, HBA ’65 HBA ’81 Karen A Crich, HBA ’92 Alexandra & Robert Nourse, Nicholas Paine, HBA ’83 MBA ’64 Dr Francesco Braga Terry A Jackson, MBA ’73 Women in Capital Markets Robert D Crockford, Charles W Brown, MBA ’83 Carol & Filip Papich, HBA ’70 NUCRO-TECHNICS Janssen Inc MBA ’87 Jessie & Larry Wynant, Perry Caicco, MBA ’83 MBA ’72 Patrick Crowley, HBA ’74 Andrea & Kevin O’Brien, Darlene & Perry Jeffery, Madeleine Paquin, HBA ’84 HBA ’93 Capital C HBA ’79 Ming-Kong Yu, MBA ’71 James B Cumming, HBA ’73 J Bruce Pearson, MBA ’58 Onex Corporation Barbara & John Carroll, Pamela Jeffrey, HBA ’84, Thomas R B Zeeb, HBA ’86 Don Darroch, HBA ’73 MBA ’88 Robert Pemberton, MBA ’93 Gordon Perchthold, MBA ’91 HBA ’56 Tim Dattels, HBA ’80 Ron Charles, MBA ’71 C B Johnston Family David J Pennington, & Kristine Johnson Paul K Pew, HBA ’87 HBA ’93, MBA ’97 W John Charman, MBA ’70 Brian R Jones, MBA ’74 Steve Dent, MBA ’89 Robert J Proud, HBA ’80, Neil & Leanne Petroff MBA ’84 Sanjib Choudhuri, MBA ’72 & Karen L Weaver-Jones & Janet Maclaren, MBA ’89 Michael Phelps Barbara & Cedric Ritchie Wilson Choy, HBA ’79 Brian W Jones, HBA ’74 Cynthia J Devine, HBA ’87 Ron A Plashkes, HBA ’80 Pierre Rivard, MBA ’83 C David Clark, MBA ’66 Peter J Karrys, MBA ’90 Alexandra & Camillo Michael W Pun, HBA ’89 di Prata, MBA ’87 & Catherine Paquet Greig Clark, HBA ’74

2013 Ivey Annual Report | 27 Other Annual Fund Pierre Lepine MBA 1968 Contributions Bill & Doreen Magyar 45th Reunion Social Clifford G Arnott Peter E Pitsiladis Committee: John Mills, MBA Carole & Robert Gerald Pogue Clark Woodland Beauregard Michael C Schofield Pierre Bergeron Blake Sherman Ivey Society, Founders’ Andrew Billingsley Circle Bud Tangney John Corso Brenda & Bob Brooks In recognition of their Hemendra Desai Michael Needham James B Donaghy MBA 1965 loyal support, donors Ivey Society, Deans’ who have supported the Thomas Foulkes Anonymous Circle School for five or more Ken Keith Anonymous Gordon Lackenbauer & Jesse Trapp consecutive years are Allan Laird Anonymous Gus Leach listed in bold. Anonymous Ivey Society, Antonius Madlener Francois Bechard Benefactor Paul Turner Peter R Carpenter Michel Greco Sid Horovitz Other Annual Fund MBA 1963 Kevin Larkin Contributions Douglas Margerm Anonymous MBA 1947 Other Annual Fund Other Annual Fund 50th Reunion Contributions Contributions Social Committee: Harold Nickerson Anonymous Anonymous Joseph Gurowka Anonymous Donald K Johnson, Joan Nolting Ronald Beath David Thomson Herbert Ballantyne Archie Wilkinson John Chamberland Dave Preston Terrence Bedard Larry Duncan Ivey Society, Founders’ Hugh Goodwillie MBA 1950 MBA 1958 Frederick E Estabrook Circle MBA 1966 Kerin Lloyd Arthur Grunder Donald K Johnson Theodore Metzing Moffat R Hill 55th Reunion Social Lynne & Paul McCrea Dr Paul R MacPherson Ivey Society, Founders’ Robert Simpson Committee: Edward Circle Kemp, James Lindores, John Mustard Ivey Society, Patron Robert V Brouillard MBA 1952 Bruce Pearson Vernon Nelson Art Crooks MBA 1969 Fundraising Len Pakulak Ivey Society, Richard Carr David J Thomson Committee: David Benefactor Ivey Society, Founders’ William F Pretsch Walker Harry Seymour Circle Francis David Scott Ivey Society, MBA 1953 Benefactor Carol & Paul Hill Ivey Society, Gregory Stone Other Annual Fund Sydney McMorran Gale & Bill White Ivey Society, Benefactor John Thompson Contributions Benefactor Don Badke Darcy Rector John Baatz Other Annual Fund Fred Berlet Edward M Kemp David A Tarr Burke Corbet Contributions MBA 1961 David Betts David J Walker Other Annual Fund Allan Hunter MBA 1954 Ivey Society, Founders’ Contributions G Donald Meades Jacques Bourgeois Circle Victoria & George Damiani David Rumpel Shody Chow Anonymous MBA 1959 William K Douglas Cam Davreux Terry Trecarten George Fowlie George Dorrance The Late William (Bill) H Ivey Society, Deans’ Nandlal Harsora Jim Wyse Douglas Gameroff Circle Fuller Peter Knoepfli Orest Ludwick Michiel R Leenders MBA 1955 Other Annual Fund Robert McElhinney MBA 1967 John Malcolm Ivey Society, Contributions John Moore Ivey Society, Founders’ Lawrence Organ Benefactor Anonymous Ivey Society, Founders’ Circle George Purvis Jack Wood Ralph & Lillian Addison Circle J Judd Buchanan James Ridler MBA 1970 Lawrence Burpee William I Campbell Other Annual Fund George Schroeder Ivey Society, Patron Class Agent: Rob Contributions John Hethrington Other Annual Fund Robert W Grindley Richards Gordon Bales L Karl Hinds Contributions MBA 1964 Anonymous Total: $87,200 Other Annual Fund Peter Bell Dr & Mrs John A Humphrey Contributions G C Berringer Ivey Society, Founders’ Anonymous Participation: 17% George W Lange Mohindar Gill Casper Bloom Circle Pierre Boulanger Marion & Donald Bill Cochrane Richard Clark Ivey Society, Founders’ Garth Giles Circle McDougall Bruce H Reid Donald Mallory Marc Delisle MBA 1956 Donald Whitmore Gilles G G Ouellette John St C Ross Ivey Society, Ronald D Dooley Keith Ham Rob Richards Patrick Rourke Benefactor James A Erskine Ivey Society, Deans’ George F Serena MBA 1962 Don Betts Jerome Gendron Circle MBA 1957 James Streeter Ivey Society, Deans’ Janet & Douglas Davis Douglas Grant Douglas Speers Circle Ivey Society, Founders’ Jeanne & David Robert Hasler McCutcheon Donald Woodley Circle MBA 1960 James Brodeur Bruce Petrie Joanne & Peter Kenny Elio Sasso Ivey Society, Ivey Society, Benefactor Ivey Society, Founders’ Benefactor Other Annual Fund Ivey Society, Circle Stephen R Brown Benefactor Martin Farnsworth Contributions Ronald G McCullough Norman Alexander Miguel Fernandez Robert Bryce Other Annual Fund W Keith Smith Andrew Grindlay Cyril Ing Peter Douglas Contributions Anonymous Barry Holt John D Fergusson J Allan Finlayson Donald A Anderson John Houlden Gary Bannister

28 | 2013 Ivey Annual Report Michael J Butler Jacques Lapare Anne Groulx Christine C Lengvari Ivey Society Leadership Levels Michael Cooke David Minuk Richard L’Heureux Gerald Mazin $10,000+ Founders’ Circle Joseph Courtright David Mitten George MacDonald Gerald McLeod $5,000–$9,999 Deans’ Circle Ronald Death James Paulson Denyse Mackey William McNeil $2,500–$4,999 patron David W Dolman Francois Sauriol Nanci & Jack Simkin Kenneth Moody $1,000–$2,499 Benefactor David Ganong Stephen Steinberg Paul Tardif George C Reifel $100–$999 The First Decade Society Gerald Goldenberg Wesley R Twiss Louis R Zanibbi Penny Thomas Jim Hanson Howard Yaphe MBA 1979 MBA 1981 Gilbert R Mackie MBA 1973 MBA 1975 Lyall McCurdy MBA 1977 Class Agent: Total: $70,465 40th Reunion Class Agent: Tony Cameron Turner Chris Phillips Participation: 13% Social Committee: Horak Total: $19,306 George Ratner Trevor Holness Total: $36,580 Total: $23,345 Participation: 11% Ivey Society, Founders’ Jim Skelton Total: $54,217 Participation: 7% Participation: 8% Circle Participation: 8% Ivey Society, Founders’ Ivey Society, Founders’ Betty-Anne Lindsay & MBA 1971 Ivey Society, Founders’ Circle Circle Tom Lindsay Ivey Society, Founders’ Circle Robert Gorman Richard E Rooney Total: $39,268 Thomas K Barber Circle Kathleen & William Troost Darlene Vincent Participation: 17% Donna & Michael Ivey Society, Ivey Society, Deans’ Kanovsky Ivey Society, Deans’ Benefactor Circle Ivey Society, Deans’ Circle Ivey Society, Founders’ Louis Lagassé Ian Bruce Circle Doug Irwin & Margot Circle Leslie & Peter Johnson Jones John A Rothschild Linda Chan David Kassie & Susan Judy & The Late Ira David Bruce M Shirreff Harris Guff Muench Abraham Ivey Society, Patron Ivey Society, Patron Anthony Horak Pamela & Donald Steele Ivey Society, Patron Mark Cullen Anonymous Ivey Society, Patron Arthur Watson Patti Bunston Gunn & Libby & Chuck Winograd Jim Gallagher Ivey Society, Ivey Society, Stephen Gunn Benefactor Other Annual Fund Ivey Society, Benefactor Ivey Society, Roger Lace Contributions Ivey Society, Benefactor Terry A Jackson Benefactor Janet & Keith Smith Anonymous Benefactor Bruce Burgess Bob Schram Cameron J Turner Anonymous Doug Carty Phillip Gooch Other Annual Fund Other Annual Fund Sanjay Choudhuri Other Annual Fund Malcolm W Hamilton Bruce Graham Contributions Contributions Contributions Charles Drayton Lyle Kerr & Valerie Millen Winston Ho Fatt David Armstrong Thomas Curley Anonymous Victor Dusik Janet & Michael Norris Carol & John Kittredge Jim Bonny Mark Dickman W A David Brittain Barry Gales Karen L Spaulding Irma L Lubbe & Karl H Wing Shing Chu Ashley D’Silva Ace Cetinski Mehboob Kassamali Jesani (Murphy) Lubbe Gary Comerford Hans O Klohn Marshall Egelnick Stephen Lockhart Peter Spruce Sharon & Thomas Ramsay Scott Hean Ron Lalonde Rob MacKenzie Tony McCormack Alex Tye Edward Shinewald Gord James Robert Mitchell John Murray Tom Orban Michael Weber Ronald E Taylor Robert Martin Marilyn Moore Rigby Whitty Deborah Pankhurst Doug Wonnacott James Milway Other Annual Fund Richard Schwann Other Annual Fund Contributions John Pysklywec MBA 1974 Len Shara MBA 1980 Contributions Ian D M Brooker Anonymous Francois Vary Total: $62,064 Thomas Cochran Total: $108,357 MBA 1976 Anonymous Wayne Cook Participation: 13% Participation: 9% Total: $42,325 Paulo Bergamasco Roger Crosbie MBA 1978 Ivey Society, Founders’ Rick Dembicki G Michael Hogan Ivey Society, Founders’ Participation: 12% Circle 35th Reunion Social Circle Jonathan Goldbloom Committee: Anne Karl Lubbe David W Cornhill Anonymous Ivey Society, Founders’ Jarmain Daniel B Hébert Anne & Jay MacAulay E Nicholas Gudewill Circle Kevin O’Leary Stephen Kushner Total: $7,956 Murray Moss Katherine M Bellringer Terry A Lyons Paul Sabourin Glen Murphy Peter Oakes Heather & Jim Hunter Participation: 5% Domenica & Doug Tough Nancy & Andrew Wiswell Keith Pendersen Steve Plumley Ivey Society, Deans’ Ivey Society, Deans’ Ivey Society, Douglas Short C Lance Skerratt Ivey Society, Patron Circle Circle Benefactor Debbie & David Tanner Stephenson Wheatley Phair Family Foundation Paul Spafford Robert H Beriault Peter M Conrod FCMA Bob Stuebing Randy Fretz Ivey Society, Patron Ivey Society, MBA 1982 Ivey Society, MBA 1972 Terry McLeod Benefactor Maxine MacLure Benefactor Total: $63,976 Dan Nixon Total: $41,001 Jeffrey & Elaine Hertz & Charles Crump Ivey Society, Family Craig Shannon Participation: 14% Participation: 9% Benefactor Donn Hoffhine John B Mitchell Robert Zittrer Michael Boyd & Shelagh Other Annual Fund Ivey Society, Founders’ Ivey Society, Founders’ Donovan Other Annual Fund Contributions Circle Circle Other Annual Fund John F Coombs Contributions Gordon Currie The Late Deborah Dr Henry Cheng Kar Shun Contributions Matthew S Hannon Richard Henson DesRivieres Arkadi Kuhlmann Anonymous Other Annual Fund Don Kester Marc Lapointe Ian Ihnatowycz & Marta Contributions Witer Pierre L Morrissette Andrew Bland Frederick Metcalfe Anonymous Jacques Lepage Doug McGregor Michel Charbonneau Michael R Sprung Other Annual Fund Mark C Baetz Betty McCamus Harry Rosen Inc Contributions James Coristine Alex Turnbull Foek-Ning Chan Scott Moulson & Larry Rosen Anonymous Thomas S Gifford Philip Weinstein Michael Dunphy Jack Nolan Ross Burkett Gary Ghent Maide Yazar Gary Gorman Rick Lancaster Rejean Landry

2013 Ivey Annual Report | 29 Ivey Society, Andrew Ross Ivey Society, Deans’ In recognition of their loyal support, Benefactor Jane Smale Circle Susanne & Doug Berk Robert Olsen donors who have supported the School Donald Smrke Kevin Clark for five or more consecutive years are Brian Thompson Ivey Society, Patron MBA Eric C L Lee Katherine Vyse Anonymous listed in bold. Peggy MacKay Henry C Eaton Kevin & Mona Malone MBA 1987 David Montanera David Weiner Mike Stevens Ivey Society, Deans’ Ivey Society, Deans’ Ivey Society, Patron Marita E Zaffiro Total: $53,500 Circle Circle Jan & Mark Herman Participation: 12% Ivey Society, Susan Harris & David Shane O’Leary Stephen Quinn Other Annual Fund Benefactor Kassie Contributions Ivey Society, Founders’ Anonymous Doug Irwin & Margot Ivey Society, Patron Ivey Society, Anonymous Circle David Auld Graham Carter Jones Benefactor Alison Amendola John W Akkerman Pamela Jeffery Dipak Rastogi William Burnfield Ivey Society, David Aston The Chauvel Fund Charles MacQuarrie Benefactor Jean-Marie Brideau Ivey Society, Deans’ Ivey Society, Patron Circle Mary Robertson Deb & Jeff Bacon Douglas MacKay Armand Des Rosiers Peter Cook Rebecca Grant & David Anonymous Christianne Paris Sandi & Paul Ballinger Lloyd Cooper Ivey Society, McCutcheon Dan Coholan James A Bertrand Claude Damiani Other Annual Fund Benefactor Robert Yanowski Mary Federau & David Michael Binette Contributions Joan E Fiset Hass & Elisabeth Hass & Anonymous Anonymous Janet & Roger Dickhout Other Annual Fund Anne Hale Peter Hass David J Dulal-Whiteway Contributions Anonymous Douglas Harman Muneer Hirji Carol & Filip Papich John Fursey Anonymous Robert Blair Subhas Ramkhelawan/ Steve Kirstiuk Wendy Murdock Bourse Securities Limited James R Bell Ivey Society, Michael Bolitho Doug Mahon Benefactor William Prescott Douglas Richmond Duncan E Campbell Mike Bruce & Lorraine Harold K Manifold Ian Davis Mark D Reno Pierre Rivard & Catherine Martin Granner Trotter Donald Maunders Lyle Kerr & Valerie Millen Paquet Robert S Hyde Cathy M Buchanan Other Annual Fund Michael Reed Michael L Kline Contributions Andrew Inkpen Kevin H Campbell Other Annual Fund Robert Shustack Cheryl E Litchfield Serge Bourassa Contributions Anne Lamont Bob M Chown Richard Smith Randy Lyons Susan Davies Anonymous Ken MacKinnon Christopher Connolly Thomas J Trainor Donald Robinson Michael De Santis Hany Assaad Reid MacWilliam Tom Donnelly Ron B Wild Stephen Hecht John Beamish Hylda & Tony Martin Other Annual Fund Martin Fafard & Angela Contributions Olsen Beth Roemmele Hemstad Peter Brennan Paul C McCabe Anonymous Andrew Fitzgerald Sean W Herbinson Christopher Chance Edward McHugh MBA 1986 Anonymous Jay Goldman Greg Kowal Marion L Code Jon Morris Total: $92,192 Jon Kerr Aly Lalani Jeannette Eberhard Julianne Berger Rosemary (Schauf) Pahl Participation: 14% Christopher Dawson Jonathan Latsky Barbara Mathies Russell Graham Lynda Parks Sahadat Catherine Fairlie Jim McGill Mike Moroz Tim Henry & Christine Gita Ramachandran Ivey Society, Founders’ Winder Circle Gerry Fenwick Diane Moldaver David Mullen Hugh Ramolla Tom Jesty Melissa & Scott Beattie Dominique Gerin-Lajoie Richard Notte & Family Jacqueline C Orange Sandra Rosch Thealzel Lee Frederick S Maxim Paul Orser Andrew Parkes & Bill Blair A J Shier Ivey Society, Deans’ Parkes Chun-pong & Patricia Ling Martin Osso Heather Rider Scott Tapson Circle Amos Simpson Patrick Lu Aldo Sylvestre Laura Rosenthal Ann Louise Vehovec & Ian de Verteuil G Grant Utas Pauline F Malley Henry Vehovec Chi Tong Phyllis Salisbury Ivey Society, Patron Ian McNeil Lorraine Trotter & Mike Jill Vandal Peter Szoke David S McCann Jane Sedgwick Bruce Pei Wang MBA 1983 Paul Szczucinski Tony Solecki Christopher Vyse & Ellen John Wu 30th Reunion Social Briant MBA 1988 Gary Svoboda Ivey Society, Committee: Paul Peter Waugh Benefactor 25th Reunion Ballinger, Carole Boivin, Jay Switzer MBA 1989 Andrew C Zsolt Anonymous Social Committee: Dave Boles, Peter Rick Van Waterschoot Jane Broderick, Cathy Class Agent: Brennan, Lucy Brun, Ron Thomas Clulow Buchanan, Paul Fisher, Burnside, Marion Code, Martin J Zegray Laurie Campbell Yvon Gaudreau Janet Griffin, Jim Hardy, Rick Cohen, Jeannette MBA 1985 Tim Hodgson, Don Eberhard, Elspeth Michael Marfoglia Total: $80,959 Total: $78,553 MacDougall, Charles Gaukrodger, Sandra MBA 1984 Rod & Sharon White MacQuarrie, Kelly Participation: 20% Safran, Jane Sedgwick, Total: $105,927 Participation: 16% Murumets, Rob Olsen, Gary Svoboda, Bonnie Other Annual Fund Len O’Sullivan, Mary Wasser Ivey Society, Founders’ Participation: 16% Ivey Society, Founders’ Contributions Robertson, Susan Circle Schaefer, Harry Taylor Total: $107,506 Circle Bonnie Cooper Laurie Campbell Ivey Society, Founders’ Participation: 19% Donald F Archibald Bret Downe & Family Fundraising Laura & Jon Hantho Circle Committee: Tim Andy Chisholm & Laurie Ann Elliott Kirsten Feldman Hodgson Pierre Pomerleau Thomson Ivey Society, Founders’ John Harris Lenny Moy Circle Debra & Brian Heald Total: $176,102 Ivey Society, Deans’ Thomas Hinton Robert J Proud Circle Ronald Bresler Stephen D Lister Greg Last Participation: 15% Geoffrey Gudewill C John Schumacher Steve Dent & Janet Barbara L Lawson Maclaren Pierre Lapointe Ivey Society, Deans’ Ivey Society, Founders’ Ivey Society, Deans’ Circle Bruce Lindsay Circle Jack H Matthews Circle Ivey Society, Patron Robert McFarlane Creighton Madill S Jane Broderick Steve McDonald Harolde Savoy Linda & William Quinn Pierre McLean Timothy Hodgson & Linda Allister C Paterson Netten Thane Rattew Jock W MacDonald & Janet C Griffin

30 | 2013 Ivey Annual Report Ivey Society, Ivey Society, Douglas Melville MBA 1993 Ivey Society Leadership Levels Benefactor Benefactor Robert Presser Class Agent: $10,000+ Founders’ Circle Roxanne & Mark Behrman Anonymous Linda & Jamie Sawchuk Sarah Morgenstern $5,000–$9,999 Deans’ Circle Alex E Graham Rizwan Ahmad Kelly Smith 20th Reunion Social $2,500–$4,999 patron Denise C MacDonald Steven Burtch Trish Sullivan Committee: John $1,000–$2,499 Benefactor Wendy MacKinnon Keith Don Johnson Amos Tin Dickey, Gayle Duncan, $100–$999 The First Decade Society Bruce Rothney & Lisa Alfio Manarin Jeff Weiss Sherry Holenski, Carey McCuaig Rothney Houston, Margo Hoyt, Darrell Wheeler Other Annual Fund Bill Tam, Alison Thompson Carol Cruickshank & Steve Suarez & Michelle Other Annual Fund Contributions James Lisser Alain Contributions Fundraising Anonymous Committee: Christopher Glen R Farrow Bryan Tatoff Anonymous MBA 1992 Anonymous Donald, David Dundas, G Keith Graham Jennifer von Briesen Darren Marshall, Sarah Anonymous Vicky Batters Total: $39,227 Morgenstern, Robert Andy Herrmann Anonymous David Gopaulsingh Participation: 15% Pemberton, Andrew Scott Houston & Carey MBA 1995 Anonymous Bernard Gutnick Semenak, Richard Houston Ivey Society, Deans’ Stephenson Anonymous Robert Hallsworth Margo Hoyt & Glen Orsak Total: $25,702 Circle Anonymous Todd Hoskins Total: $304,625 Martha Ivester Barry Stewart Participation: 6% Anonymous Lise-Ann Hughes Participation: 24% Kathy Kalafatides Margot Thom Ivey Society, Founders’ Neil Abramson Tim Keighley Carolyn Martin Susan Witteveen & Dan Circle Joshua Albert Ivey Society, Founders’ Andrew Kriegler McClure Brian May Circle Greg & Tracy Guatto Ellen Briant & Christopher Greg McKnight Martin McCambridge Vyse Ivey Society, Patron Edward J Gudaitis John McMillan Patrick McFetridge Ivey Society, Ian Cullwick Tom Flynn & Cathy Sarah Morgenstern & Benefactor Paul Noreau Hampson Todd Hargarten John McLeod Pierre Desjardins Alexa Nick Marian Plante Joe Nemeth Rob Szabo Richard Sones David S C Dobell Doug Pollard Susan Sarjeant Austin Daniel M Steinberg Susan Doughty (Little) Ivey Society, Ivey Society, Deans’ Joseph Quarin Bruce A Schouten Circle Robert Symmons Eiichi Fukuda Benefactor Ann Sutton Dennis Tze Other Annual Fund Alicia & Tony Cestra Christopher Albinson Robert Gardner Contributions Donna Thompson Richard Dufresne Wayne Kozun Anastasios Georgiou Anonymous Carolyne Wang Chris Hibberd James Gilliland Ivey Society, Patron MBA 1994 Esther Benzie & Mark Theresa & Grant Williams Nicole C Goodfellow Scott Hilborn Katharine Ashworth & Class Agent: Phillips Michael J Greenberg Bill Jack Michael Cochrane Sergei Dean Herback Tchetvertnykh Robert Izsak MBA 1991 Fraser Johnson Allen Chien Hilda Lau Douglas McNair Kim M P Cook Total: $22,560 Eric Jensen Total: $53,414 Edward R T Lawson Philip King Steven R Meston Steven Honeyman Participation: 10% B Naini Participation: 12% Gregory Kocik Cyndi & Peter Ricciardi Robert Pemberton Athena Pasqualoni Ivey Society, Founders’ John Samuel Richard D Stephenson Ronny Steinberg Robert LaJoie Ivey Society, Founders’ Circle Circle Alain Tranchemontagne Bob Lumley Ivey Society, Olga & Sergei Glenna & Richard Talbot Benefactor Tchetvertnykh Ian Macdonell Other Annual Fund MBA 1996 Gareth Turner Laura Mizzen Contributions Garvin Blair Ivey Society, Class Agents: Mark Whitmore Wouter A D’Ailly Angela Olsen & Martin Anonymous Benefactor Jonathan Black, Fafard Ivey Society, Anonymous Brian D’Costa Anonymous James Vogtle Glen Orsak & Margo Hoyt Benefactor Jeffrey Bell J Christopher Donald Mark Barber Total: $39,630 Elizabeth & Andrew Pollock Rod Foss Gordon Cameron David Dundas Lindsay Dodd Participation: 10% Douglas Stirling Mark Newman Eddie Castelletto David Ghesquiere Dagmara & Robert Carol Trattner Mike Thorfinnson Rob Cunningham Douglas A Hamilton Fijalkowski Ivey Society, Founders’ Jane Zoeger Sandy Whittall Ian Glassford Darren Marshall William Pang Circle Nan DasGupta & Michael Julie E Hamel Lani C Martin Chet Woon Other Annual Fund Bernstein Contributions Michael Hill Wes Pringle MBA 1990 Other Annual Fund Mark Wellings Steve Adams Patricia M Meehan Yvonne & Jason Robertson Contributions Total: $56,494 J Atha Hugh Owen Walter Romaniuk Anonymous Ivey Society, Participation: 14% Benefactor Peter Ballon Sylvain Pelletier Andrew G Semenak Anonymous Susan Brooke Ross Chafe Cathy Pin John A Sinclair Margot Burleton Ivey Society, Founders’ Daniel Golberg Circle Glen Charanduk Michael Rodgers Peter Tagliamonte Amitabh Chaudhary Christopher A Lane William J Jandrisits Rhonda L English Deanna Schuerbeke Gregory Wong Clare W Cheng Daniel J Nowlan Michelle & Patrick Cameron Fisher Terry Tuharsky Keith Graham Meneley Other Annual Fund John Sterling Grant Fraser Tony Valle Contributions John Griggs Ivey Society, Patron James Goodchild Anonymous Deepak Khandelwal Other Annual Fund Contributions Paul Boucher Elaine Kelly Anonymous John Koyanagi Anonymous Paul F Campbell Stephen Legler Anonymous David Kusnierczyk Anonymous Tom Flynn & Cathy Brad Maheu Anonymous Priscilla Ma Anonymous Hampson Howard Mains Paul Blaha & Laurel Martin Pasek Stephen R Diotte Keith Matthews Deplaedt John Rideout Alan Freedman Deborah McCutcheon Michel Bruyere Parag Saigaonkar Charu Gupta Jennifer McNaughton Hilary Cassady Juliane Schaible Scott Hledin Peter Charton Dirk Schrader & Martha Stephane Chartrand Schrader David Iggy Iwasiewicz Karen Condon Peter E Strickland

2013 Ivey Annual Report | 31 MBA 2000 Bin Christine Li Anish Makim Lachlan MacQuarrie Eliza O’Neil Class Agent: Andrew Pettit Peter Sang Ng Allan Buitendag MBA & MSc Paula Puddy Gurdip Sanghera Total: $8,215 Mark Roberts Helmut Schneider Participation: 7% Jim Sikora Jon Shell Janine White Ivey Society, Other Annual Fund Gillian Whitebread In recognition of their Benefactor Contributions Anonymous Jeffrey Wu loyal support, donors Anonymous Joanna Ng Andrea Young Anonymous who have supported the Larissa Sheng Anonymous School for five or more Garrick Tiplady & Thecla MBA 2002 Anonymous Sweeney consecutive years are Anonymous listed in bold. Class Agent: Other Annual Fund Robyn Hochglaube Anonymous Contributions Anonymous Total: $11,375 Anonymous Anonymous Participation: 3% Shakeel Bharmal Anonymous Artem Borounkov Ivey Society, Founders’ Anonymous David Koltermann Dominique E Van Voorhis MBA 1999 Michael Brock Circle Raj Aggarwal Mark Kopytek Karen Wellen Green Allan Buitendag The Staffen Family: Rebecca Anas Class Agents: Tim Rob, Sharon, Julia, Daniel Magyar Benoit Cantin Robert Anthony Grigg, Darren Rough Matt & Candra Marie-Josee Martineau Jeffrey Groves Hanna Ayyad MBA 1998 Total: $19,071 Greg McLean Catherine Jarmain Ivey Society, Brian Balkwill 15th Reunion Social Participation: 7% Gail Rodwell-Simon Jennifer Jones Benefactor Committee: Sophia Arpad Barabas Anonymous Lee, Bryan Pilsworth Tara Landes Ivey Society, Deans’ Lori & Michael Berkson Jean-Pierre Boudrias MBA 1997 Class Agent: Jerry Circle Qing Li Kristine & Sean Brown Dilprit Grewal White Shon Wilkie Johnathan Minsky Rachel & Ewen Cameron Class Agent: Michael Quinn Total: $ 37,7 78 Patrick R Mitchell Steve Dumanski Ivey Society, Ewa Cegielski-Wagner Sandro Morassutti Total: $37,181 Participation: 9% Benefactor Other Annual Fund Jacqueline Chapman (nee Michael Flood Steven T Nevard Contributions Newall) Participation: 10% Mark Cameron Ivey Society, Darryl Green Brian J Sinclair Sumit Chowdhury Benefactor Paul Fitzpatrick Bogdan Comanita Ivey Society, Deans’ Mark Lerohl Athena A Skagos John Berry Deanna Foell Circle Darren Pare Scott Spencer Michael Craig Scott & Alison Cooper Gerard Gagnier Steve Dumanski Thecla Sweeney & Garrick Wai Tong Jim Crooks Charles A Gadalla Dan McClure & Susan Tiplady Gregory Wright Mustafa Husain Lori Darlington Witteveen Darryl Green Brett Undershute & Emma Victoria L Young Deland Jessop Alison Empey Emma Loewen & Brett Loewen James Kao Kathy Engle Ivey Society, Patron Undershute Jeff White & Joanne David Murray Leonard Firkus Mark Horsfall, Lucy Spence Erin Sorhaug & Jan Dolfato MBA 2001 & Family Sorhaug Paul Skippen Marc Foran Mark Wolinsky Total: $16,800 Anthony G Ostler Lara Witter & Curt SLW Christopher Godwaldt David J Pennington Sigfstead Other Annual Fund Participation: 6% John Zhang Colin Gorling Contributions Tak Yu Trevor Tam Jennifer Hanniman Other Annual Fund Bill Anderson Ivey Society, Deans’ Steve Uszkay Contributions MBA 2003 Salman Hirani Cristina M Austin Circle Anonymous Anne McMaster & Robie Hockenstein Ivey Society, Doug Duimering Class Agent: Raj Benefactor Anonymous Frédéric Lesage Aggarwal Robert Jaques David Eason Hugh Babowal Sean Cameron Kevin Williams Xiaoyan Ji Andrew Fletcher & Family 10th Reunion Social Geoffrey Colter Marie-Anne Desjardins & Fundraising Kris Khanna Winnie Fong Ivey Society, Roman A Duch Sergei Dombrovski Benefactor Committee: Raj Nick Lagopoulos Jamie G Gallant Aggarwal, Bogdan Curt Sigfstead & Lara Carolyn Hobbs Rohit Bhapkar Comanita, Rob Jacques, Jean-Philippe Leblanc Witter Greig Garland Darryl Jacobson Dan Eisner Sandeep Karnik, Spencer Heidi Li Chris Taves Darren Johnston Low, Gurd Sanghera, Pyarali Jamal Peter Kalen Larry Lin Mike MacMillan Jonathan Shell, Andrew Other Annual Fund Allison Kim Sloan, Helena Tigert Joanna Lipfeld Darren Rough Other Annual Fund Contributions Antoni Krajewski Spencer Low Mike Rumsey Contributions Total: $97,761 Anthony Anderson Eric Matusiak Anonymous James MacDonald Gordon Sandford Participation: 28% Mark D Applebaum Chantal Miklosi Anonymous Susan MacDonnell Andre Sochaniwsky Roger Berthelot William D Robertson Anonymous Ivey Society, Founders’ Hratch Manavian James A Black Circle Andrew Romocki Ed Boose & Sandra Bolton Mark Manley & Ainslie Roman Chomyn Dale Degner Simmonds Tal Vilenski Charles Bougie D’Arcy Delamere Stephen Martin Helen Wang Peter Busse Ivey Society, Sally Fereday Shawn Melito Glen Webster Michael Chan Benefactor Yoshi Hashimoto Momchil Momchilov Steven Wilson Dennis Dussin Chuck Burns Donna M McDougall Liane Orsi James R Witmer Triina & Chris Forbell Lan Ding Ian S Orfanides Matthew Paget Ellen R Jarmain Sonal Doshi Paul Saad Jay Perry Marc Kaipio Jason Steinberg Benjamin Rodney James Lain Kate Romany

32 | 2013 Ivey Annual Report Douglas Sage Albert Chang Ivey Society, The First MBA 2005 Decade Society Ivey Society Leadership Levels Elliot Scherer Trevor Davison Class Agents: Lisa Stephen Stewart $10,000+ Founders’ Circle Rishi Sood Lisa Dymond (Wiens) (Cleary) Reid, Dan $5,000–$9,999 Deans’ Circle David Southwell Min He Rowe Other Annual Fund $2,500–$4,999 patron Jessica Shi & Dev Contributions Total: $8,177 Grace How $1,000–$2,499 Benefactor Srinivasan Colin Bogar Everton Lewis $100–$999 The First Decade Society Paul Szabunio Participation: 9% Dongmei Li Trevor Hand Pearl Tam Mariam Hashmi Ivey Society, Holiday Li Donna Tin Susan Tamir Benefactor Michael Hornby-Smith MBA 2011 Michael D Lloyd Elizabeth Verdone Josephine CH Teo Lora & Dylan Hardy Nick Kuzyk Class Agent: Shane O’Farrell Sina A Zere Mike Terrigno Matthew LeQuelenec Cyrus Zahedi Ivey Society, The First Paula Schutz Helena Tigert Decade Society Kenric S Tyghe Aaron Minocha Total: $3,260 Other Annual Fund Francis Vanden Hoven Contributions Jared Bettridge Chen Yang Participation: 5% Justin Chen Charles & Sylvia Walker Other Annual Fund MBA 2009 Andrew Dixon Andrew Wolch Ivey Society, The First Contributions Michael Kenigsberg Janice Wranich MBA 2007 Class Agent: Decade Society Anonymous Chris Lau Neha Bhasin Brent Osborne Dion Yungblut Total: $7,676 Anonymous Total: $2,950 Chris Casey John Zanin David Arnaud Participation: 5% Arvind Chahal Leona Zhang Participation: 3% Mike Brydson MBA 2013 Kristen Cornell Lisa Zhao Ivey Society, Paul Chapman Total: $3,275 Benefactor Ivey Society, The First Diana Di Luca Kyle Chow Decade Society Michael Liebrock Andrew Isaac Participation: 10% Christopher Cowan Kevin Callahan MBA 2004 Darwin Smith Katie Anne MacInnis Rob Hales Prakash David Vijay Viswanathan Ivey Society, The First Total: $22,065 Joseph Tai Decade Society Adam Dean Christopher Lau Participation: 7% Ivey Society, The First Anonymous Graham Eisenhauer Heather Tobin & Jonathan Other Annual Fund Decade Society Belair Contributions Anonymous Ivey Society, Deans’ Greg Grant Efrem Berman Ashish Vashisht Karime Abdel-Hay Ella Berlyand Circle Matthew Hall Victor Diab Stephanie Breitman Dustin Wen Mark Healy Other Annual Fund Other Annual Fund Contributions Contributions Razy Farook Ashmit Chaudhury Ivey Society, Sandeep Kawadkar Anonymous Jonathan Goldberg Daniel Giacinti Sharon Chiu Benefactor Andrew & Duska Kennedy Bhinder Atwal Shafeen Mawani Erich L Isopp Tiffany Marie Co Anonymous Jackie Kwong Leung Jonathan Belair & Heather Tory McKillop Jen Lomax John Foley Daniel Barnholden Robert & Amanda Levine Tobin Joseph Mocanu Gunpreet S Rekhi Niousha F Ghazni Larissa Chaikowsky Christopher Madan Frank Callele Chris D Richard Ajay Gopal Sean Chaudhry Colin Moore James Chen Caleb Yong John H Hibberd Steven Hansen Alexander Pak Gina Chong MBA 2010 Rebecca Ho Joseph Lo Becky Perez Riccardo Cosentino Total: $2,785 Nidhi Kataria Sean Naylen David Resnick Bala Gopalakrishnan MBA 2012 Participation: 6% Karim Lallani Dan Rowe Jacqueline Green Total: $3,153 Other Annual Fund Jordan MacKenzie Contributions Robert Scobie Jing Guo Ivey Society, The First Participation: 9% Shrikesh Majithia Anonymous David Sloane Geoffrey Hewitt Decade Society Roberto de Leo James Manning Anonymous Greg Stewart Alexander Markin Ivey Society, Founders’ Andrea Dean Circle Clarke Markle Anonymous Wendy Taylor Nigel McNabb Deborah A M Lucas Christine & David Wood Akash Mayur Anonymous Stephanie Taylor Coughlin Siddharth Mitra Fraser Wiswell Shane McAdam Anonymous Sharon Telem Suraj Raythatha Ivey Society, The First Decade Society Kristian Medri Hilary & Glen Barisoff Joe Thacker Krista Schiestel Other Annual Fund Anonymous Mauricio Montes de Oca David Barrett Mark Tomek Ilana Valo & Dr Josh Contributions Anonymous Charles-Edouard Morin Stefan P Bortolussi Gregory Worsnop Silvertown Anonymous Robert Browne Christopher Norwood Jason Chan Haiping Sun Noor Al-Koutoubi Robert Clarke Smruti Patel Ben Chow MBA 2006 Michael Tevel Elizabeth Anton Jonathan Del Rosario Yasmin Pestonji Saree Ghosh Blaine Woodcock Sasha Bhan Bojan Ridjosic Class Agent: Clare Patrick Davis Sarah Draper Raghbir Gill Aker Gaurav Garg Priya Trivedi Michael Lai MBA 2008 Kyle D’Silva Total: $7,580 Griffin A Gettas Edwin Lee Derrick Fournier Participation: 7% Class Agents: Shady Ghattas MSc 2013 Chris Lumley Anuj Chandarana, Ryan Goren Irfan Daya, Trevor Dillon Johnson Mark Gilbert Lee Merovitz Ivey Society, Hand, Lyndsay Adir Koschitzky Ritika Goel Ivey Society, The First Richard P F Robarts II Benefactor Passmore Decade Society Tom Halton Zafar Salim Matias Gancberg Meena Merali 5th Reunion Social Anonymous Jonathan Smithson Michael Holmes Elaine Shiu (Lui) Chris & Corina Guillon Committee: Diana Chan, Carolyn Burns Irfan Daya Shanti Suppiah Shilpa Joshi Matthew Simpson Christie Love Thomas & Noeleen Saldanha Jeff Thomas Elizabeth A Suske Rakan Khalid Vineet Singh Total: $2,951 Victor Xu James Obright Jean Kwong Andrew Smith Participation: 3% Eriver Muwanguzi Other Annual Fund Colin Stairs Other Annual Fund Kaushik Ramakrishnan Contributions Benjamin Tan Contributions Ivey Society, Kevin Doodnath Benefactor Darlene Santos S & A Taneja Anonymous Jing Wang Ryan Kalt Siddarth Subramani Craig Trendel David Bassin Jian Xu Natalie (Edwards) Bisset Ruogu Yao 2013 Ivey Annual Report | 33 EMBA 2007 EMBA 2011 VEMBA 1997 Ivey Society, The First Ivey Society, Decade Society Benefactor Ivey Society, EMBA & VEMBA Benefactor Nina Layla Chadha Stephen E Coote Barry L Wilks Yonghui Li Other Annual Fund Contributions Ivey Society, The First VEMBA 1998 Debbie & Joe Compeau Decade Society In recognition of their Adrian Pavone Matt Ambrose Ivey Society, Benefactor loyal support, donors Ryan Rodrigues John Henderson Leslie Stephenson who have supported the Sandra Henkel School for five or more EMBA 2008 Peter Yang Other Annual Fund Contributions consecutive years are Other Annual Fund 5th Reunion Social Blaine Dalby Committee: Elissa Contributions listed in bold. David McElhanney Beckett, Tami Kjerulf, Anwar Bawangaonwala Nancy Patterson, Craig Nagib Premji Irena Cerovina Pitchell, Karin Schnarr Dan Dragoman Ivey Society, The First Kate Harrington VEMBA 1999 Decade Society The Paolino Family Ivey Society, EMBA 1993 EMBA 1998 EMBA 2003 Edward C Glavina Stephen Sandre Benefactor Ivey Society, Deans’ Derek Gould Winnie Chu Other Annual Fund James Cunningham Circle Dariusz Piotrowski Claudio De Vincenzo Contributions James Zunti Laura Gainey & Richard EMBA 2012 Mary F Whittle John Mountain Chan Yan Kwan Andy Clark Other Annual Fund Ilana Sprongl Daniel Crosthwaite Ivey Society, The First Decade Society Contributions Ivey Society, Gilles Gagnon Jacques Blais Benefactor EMBA 1999 Anonymous Jason Limongelli Kathy Munro Corrine & Tom Greco Ivey Society, Founders’ EMBA 2004 Rocio Alejandre Michele Parkin Patricia L Sproat Circle Ivey Society, Founders’ Roberto Bowrah EMBA 1994 Luc Vanneste Circle Allen Karakatsanis Blackburn Family EMBA 2009 Sunil Talwar Other Annual Fund VEMBA 2000 Ivey Society, Founders’ Contributions Ivey Society, Patron Circle Ivey Society, Other Annual Fund Ivey Society, Anonymous Benefactor Hugh McMullan Benefactor Janet De Silva Contributions Michael Aniballi Dr Doreen Yee Hanif Ladha Stanley L C Carr Ivey Society, Other Annual Fund Alexander Chan Benefactor Contributions Other Annual Fund Other Annual Fund Cameron Moffatt Contributions Peter Yuen (HK) Contributions Janet E Heisey EMBA 2013 Anonymous Suzanne Gouin Gary Krikler Other Annual Fund John Trikola EMBA 2000 Anonymous Contributions Len Copeland Ian Elliott EMBA 1995 Perry Lea VEMBA 2001 Christopher Emery John P Fleet Patricia & Chun-pong Ling Ivey Society, Patron Pamela E Stevenson Lynette A F Hines Michel Myre Agako Nouch Judy Fairburn Lori Kirkpatrick Bruce Reid Frank Sartor EMBA 1996 Maura Paré Ivey Society, Daniel Sin Benefactor Ivey Society, EMBA 2001 EMBA 2010 Darcy Brede Benefactor Ivey Society, Deans’ Ivey Society, Other Annual Fund Lindy & George Small EMBA 2005 Circle Benefactor Contributions Peter Johnson Other Annual Fund Cameron Bramwell Anonymous Anonymous Yiu Kwok Ringo Ng (HK) Contributions Judy Yuet Choi Fong (HK) George Davidson Other Annual Fund David Craig Stephen Leach Contributions Ivey Society, Bruno Demers Ronald Fink Virginia Sanchez Anonymous Benefactor Julian Sellers Timothy Stanley Lynda & Russ Bruch Robert McGillivray VEMBA 2002 Candy Tang Ivey Society, The First Yves Menard EMBA 1997 Alan Uffelmann EMBA 2006 Decade Society Mike Longo John P Leidl Ivey Society, Founders’ Ivey Society, The First Circle EMBA 2002 Decade Society Lawrence Tomlin Lana & Tim Hockey Peter Caldwell Other Annual Fund Ivey Society, David Liao Contributions Ivey Society, Benefactor Benefactor Marco Acchione Dan Vickery Other Annual Fund David C Edwards Contributions Steven Bottero Other Annual Fund Beth Shaw Andrew Bartley Mike Chisholm Contributions William Ross Marius Dobre Other Annual Fund Harvey Naglie Contributions Zack Fuerstenberg Anonymous Neeraj Garg Olivia & Cyril Pesayco Anita Saulite Bradley Wamboldt

34 | 2013 Ivey Annual Report Other Annual Fund Contributions Ivey Society Leadership Levels Jacqueline Collings $10,000+ Founders’ Circle HBA David Johnstone $5,000–$9,999 Deans’ Circle Louis Sage $2,500–$4,999 patron John F Sloan $1,000–$2,499 Benefactor $100–$999 The First Decade Society HBA 1959 In recognition of their Peter Knoepfli Other Annual Fund Ivey Society, Founders’ Douglas Love Contributions loyal support, donors Circle Ian Lucas Kenneth Hord who have supported the The Mitchell & Kathryn Richard Lettau Baran Family Foundation/ Denton Miller School for five or more Trudell Medical Limited George Purvis consecutive years are Thomas H Brent Ernest Steward HBA 1967 listed in bold. Gerald Hipple Peter Walter Ivey Society, Founders’ Douglas Young Ivey Society, Deans’ Circle Circle Gary Barnes Jon K Grant, O.C. HBA 1963 Ivey Society, Benefactor Ivey Society, 50th Reunion Social HBA 1943 HBA 1953 HBA 1956 Benefactor Committee: Tom Bright, John Burton Don Morrison Melville Element, Ken Harry Barons 60th Reunion Social Ivey Society, Founders’ Hardy, Tom McCarthy, Other Annual Fund Alvin J Silk Contributions Committee: Gil Allsop, Circle Mike Quayle, Jim Stewart Fred Berlet, James Fleck, The Late Robert O Stoner Other Annual Fund Paul Fogh-Dohmsmidt J Allan Finlayson HBA 1945 Donald Moffatt Contributions Len Lee Other Annual Fund Edward Y Baker Thomas Hall Anonymous Contributions Marg & Ted Morrow Ivey Society, Founders’ Joseph Hofer Circle Anonymous Roderick Evan Brown Dave Pratley Dave Martin Robert E Hubling Ronald Collyer Fred Deacon David Simpson HBA 1946 John Morris Charles Kimball C Lance Skerratt Ivey Society, Deans’ Hugh John Cook Herbert Ballantyne Circle Shirley & Bill Eichenberg Geoffrey Mitchell Carl Woodward Cameron Calder Mary B (Gemmell) Francis HBA 1964 HBA 1968 Hugh Morris Mary McGee HBA 1960 Ivey Society, Founders’ 45th Reunion Social Darrel McLaughlin Circle HBA 1947 Ivey Society, Ivey Society, Founders’ Committee: Barry Roy Steel W C Wood Foundation Goode, Glenn Jones, Mike Ivey Society, Founders’ Benefactor Circle Circle Margaret & Jim Fleck John R Currie Porter, John Smith, Gary Ivey Society, West, Lana Wiens Holmes, Dr Richard M Ivey Don Moffatt Benefactor HBA 1957 Other Annual Fund Walter Zuppinger Frederick A Beattie Other Annual Fund Other Annual Fund Contributions Ivey Society, Frank Pratt Contributions Contributions Robert Bosworth Ivey Society, Deans’ Benefactor Circle Robert Beacom Michael Ashton Michael Cochrane Ronald Poth Other Annual Fund Glenn Jones Roger Doe John D Fergusson Contributions Other Annual Fund Walter Murray Justice B T Granger Peter Baker Ivey Society, HBA 1949 Contributions John Martin Benefactor Paul Condon John R Hall Ivey Society, Gary Colter J Robert Cowan Dr & Mrs John A Benefactor HBA 1954 Humphrey Douglas L Derry George B Turnbull Donald Dickison HBA 1965 Ivey Society, Founders’ Dane MacCarthy J Edward (Ted) Johnson Circle Donald Durkee Other Annual Fund John Ricketts Ivey Society, Founders’ Gary West Dr Allen F Herrington Circle Contributions Gerald Knowlton Robert Violette Ross Hutchison Edward Kernaghan Other Annual Fund Neil Armstrong Paul Murray Contributions Janis Jente Other Annual Fund Ivey Society, Christopher J Gadsby William Kritsch HBA 1961 Contributions Benefactor Lynn Glenn HBA 1950 The Donald & Marilyn Judith Aikman Ivey Society, Ian R Campbell Joseph O Sinclair Ivey Society, Noble Family Fund Benefactor John Johnston Ron Clark William Trevena Benefactor Wayne Penny Richard Innes Douglas Page Allan Jackson Ron Weber Richard Sharpe Robert Shields Alan Querney Other Annual Fund Dennis Vollmershausen Charles Wells Other Annual Fund The Late Ronald Ray Contributions Paul Williamson Contributions HBA 1969 Frank W Rowden Anonymous Herbert McKegney Other Annual Fund Richard Tafel HBA 1958 Peter Hancock Contributions Ivey Society, Founders’ Circle Monica & John Carr 55th Reunion Social Gilles G G Ouellette HBA 1951 HBA 1955 Committee: Ross HBA 1962 John Carter Archibald, Ted Browne, Cyn & Jack Cronkwright Ivey Society, Deans’ Ivey Society, Geof Clarkson Ivey Society, Founders’ Benefactor Ivey Society, Founders’ Robert Johnson Circle Circle Circle Herbert Stein James D Keenleyside Russel Robertson Keith R Halpenny Ivey Society, Patron P Gordon McArthur Other Annual Fund Douglas M Reid Larry Shaw Ivey Society, Contributions Ivey Society, HBA 1966 Benefactor Benefactor Ivey Society, Ivey Society, David Moser Fred Bradley Benefactor Benefactor M Bruce Deans Ivey Society, Edward Milliken Hon Donald R Getty Yvonne & Ross Archibald Robert Fenn Benefactor Other Annual Fund Contributions Chuck Noltie Geoffrey Clarkson Richard J Thorpe Fredrick Brooks-Hill Other Annual Fund Nigel G Bellchamber Contributions Other Annual Fund Harold Hutner Anonymous Contributions Robert Hendry Robert Stanley Burns

2013 Ivey Annual Report | 35 Eric Jones B Cowie Other Annual Fund In recognition of their loyal support, Bill Kiff Donald Lang Contributions Anonymous donors who have supported the School Elaine Stanley Robert J Proud Anonymous for five or more consecutive years are Philip Wisener The Staffen Family: HBA Rob, Sharon, Julia, Louise Adams listed in bold. Matt & Candra HBA 1978 Stephen Foerster Ivey Society, Deans’ Patricia Gass Total: $28,312 Circle Keith Glide The Glynn Family Bonnie Grundman HBA 1970 HBA 1973 Matthew S Hannon Participation: 7% Jeff Hill Alan High Ivey Society, Total: $16,100 40th Reunion Social Rick Lane Ivey Society, Founders’ Benefactor Eric I Johnson Committee: Gerard Circle Jim Leech & Deb Barrett Herald Krimmer Participation: 13% Murphy, Bill Rogers, Rick A MacDiarmid Dean Connor Slomka, Marty Thrasher Charles Pickard Oscar Belaiche S Pennock Barbara G Stymiest Ivey Society, Deans’ Shirley Roberts Rob Bracey Lisa & Stuart Penny Circle Total: $51,530 Brian Scott Ivey Society, Cheryl Davidson David Robison Anonymous Participation: 19% Jackie & Steve Wilkinson Benefactor Peter Irwin Ken Shaver John K Bell Judith & Jonathan David Smith Ivey Society, Founders’ Cooperman Other Annual Fund Ivey Society, Patron Circle HBA 1975 Contributions Ernie Spraggs Robert D Crockford Peter B Gudewill Other Annual Fund Anonymous David Town David C Holmes Total: $11,350 Contributions Other Annual Fund Anonymous Jane Yates Robert Duncanson Contributions Susanne & Martin Participation: 5% Bruce Barber Jim Zalusky Thrasher D Bruce Henning Larry Adamson Phoebe Cheng Darlene Vincent Ivey Society, Founders’ Rychard Lardner David W Drinkwater Bret Downe & Family Circle Robert E Simpson HBA 1982 Rick Fiebig Ivey Society, Sylvia D Chrominska Sandy Kemp Luke Sklar Total: $46,685 Jane & Tim Marlatt Benefactor Paul King Don Darroch Other Annual Fund Ihor Kots Participation: 13% Barry Gekiere Contributions HBA 1979 David Lewis HBA 1971 Jim Howe Anonymous Ivey Society, Founders’ David J Markle Circle Total: $41,390 Gerard P Murphy Brian Foster Total: $67,144 Brian Martine Rosamond Ivey Jim Reynolds Ian J F McSweeney Participation: 13% Participation: 12% Douglas L Moody Michael O’Brien Roland T Keiper Other Annual Fund Kevin O’Brien Ivey Society, Founders’ George Wark Ivey Society, Founders’ Contributions Circle Michael Rupar Ivey Society, Deans’ Circle Circle Anson Frost Michael McCain Steven Sims Dr Henry Cheng Kar Shun Christine A Magee (Bishop) Gary Ghent Barbara Fraser & Ian HBA 1976 Doug McGregor Brian J Taylor Michael Hayes Patrick Weber & Marti Ivey Society, Fraser Total: $51,425 David Thompson Morfitt Benefactor Arkadi Kuhlmann Don G Ridpath Douglas Warwick Durham Stephens Participation: 9% Michael Rolland Patrick Horgan Ivey Society, Laird Weagant Fraser Johnson Benefactor Ivey Society, Deans’ Ivey Society, Founders’ HBA 1981 Randy Rutherford R Peter Gillin Bob Wigle Circle Circle Lawrence Turnbull The Latta Family: Heather, Randolph Dietrich Total: $223,367 Other Annual Fund Fraser, Jennifer & Janet Winkler Contributions HBA 1974 Alexandra Ivey Society, Participation: 29% John W Chandler Benefactor Other Annual Fund Class Agents: Matt Jon Love & Nancy Yeomans Love J Jay Brown Ivey Society, Founders’ Contributions Ted Gordon Hannon Circle Anonymous Rob MacKenzie W Allan MacEwen Shelagh Donovan & Total: $41,728 Michael Boyd Anonymous Christopher Dawson John H Simpson Dave Prentice Melissa & Scott Beattie Participation: 17% John Fursey Kerri Golden Norman Thomas Other Annual Fund Stewart C Burton Robb Hindson Other Annual Fund Ivey Society, Founders’ Contributions Lisa Colnett Contributions Thomas Hinton Circle Zbig Biskup Jill & Dan Devlin HBA 1972 Barbara Lonergan-Byers Christine MacInnes Anonymous Mike Cuttle Jeffrey Orr David D Pollock Total: $18,317 Keith McEachern Rob Orser William J Quinn Ivey Society, Deans’ Paul Switzer David J Schlinker Participation: 8% Circle Harvey Taraday Michael G Tevlin Peter F Thom Frank W Siekmann Leslie & Peter Johnson Ian Vasey Ivey Society, Founders’ Lorraine Trotter & Mike Ivey Society, Deans’ Kevin Watson Hugh MacDiarmid Circle Bruce Circle Richard W Ivey Ivey Society, Patron HBA 1977 Arlene Campbell & Allan Kathleen & Ron Close Veitch HBA 1983 Bill Morris Bryan Pearce Ivey Society, Deans’ Total: $22,645 Douglas Wall 30th Reunion Social Circle Lino (Lee) Sienna Scott & Jacqueline Wilson Participation: 8% Mark Winson Committee: Rod Stiller Douglas D Greaves Theresa & John Vander Ivey Society, Patron Hoeven Jim Yardy Fundraising Ivey Society, Founders’ Ivey Society, Andrew C Zsolt Peter Coward Committee: Jill Denham, Circle Benefactor Ivey Society, John McFadden Bill Jandrisits, Michael Sam Gudewill Bob Schram Benefactor Brian Stock Lay, David Wright Michael Schwenger Ivey Society, HBA 1980 Total: $131,475 Other Annual Fund Bruce M Shirreff Benefactor Ivey Society, Contributions Total: $68,830 Benefactor Participation: 16% Philip Unger Stephen Hemphill Anonymous Participation: 22% Anonymous Rod & Sharon White Ivey Society, Founders’ M James Evans Other Annual Fund Trudy Nixon-Fahie Mac & Chricket Yule Circle Chuck Herod Contributions Ivey Society, Founders’ Joanne Porter-Tikkanen & Circle William J Jandrisits John Needham Other Annual Fund Joanne Abbott John Tikkanen Peter P Cohos Jane & Michael Lay John Thompson Contributions Howard Bigham Jo Barrington Peter Cook Mark M Cowie & Alexandra Georges Houde

36 | 2013 Ivey Annual Report Ivey Society, Deans’ Anonymous HBA 1985 HBA 1988 Ivey Society Leadership Levels Circle Brian Denega Anonymous Total: $31,340 Michael Glionna 25th Reunion Social $10,000+ Founders’ Circle Andrew Barnicke Committee: Paul Ablack, $5,000–$9,999 Deans’ Circle Participation: 18% Hugh Hamilton Greg Glista, Marge Grice, Eric J Sinclair $2,500–$4,999 patron Therese Loveland Karen Powell, Paul Rogers, $1,000–$2,499 Benefactor David Wright Ivey Society, Founders’ Barry Mannell David Stanford, Catherine Circle Stedman $100–$999 The First Decade Society Maureen McGivney Ivey Society, Scott & Janet Clark Benefactor Jennifer McNaughton Fundraising Committee: Brett Randy Lyons Ivey Society, Deans’ Thomas O’Brien Other Annual Fund Ivey Society, Deans’ Circle Barakett, Doug Guzman Contributions Circle Dan Mida Alison Ryckman Peter Doering Total: $159,210 Daniel Bubis Todd Cowan Robert Murray Kelly Smith Alex Dey Mark Lewis Mary Robertson Ivey Society, Patron Joy Sterling Participation: 15% Charles Evans Lolly Santos & Mark Verdun Doug & Alexa Murphy Trish Sullivan Ivey Society, Ivey Society, Founders’ Glen R Farrow Benefactor Warren Yu William & Linda Quinn Carol Trattner Circle Brent Hubbs Anonymous Adrian Van Monsjou Brett Barakett Other Annual Fund Ivey Society, Robbie Mason Kimberly Facca & James Contributions Jeff Weiss Benefactor Doug Guzman & Sheila Randy Price Barltrop Anonymous Brown Lynda & Russ Bruch Bradley Rome Teresa Ho Susanne Boisvenue Alicia & Tony Cestra Ivey Society, Patron HBA 1987 Jim Semple Other Annual Fund Mary Boucher Bruce Rothney & Lisa Anonymous Paul St Amour Contributions Michael Browne McCuaig Rothney Class Agents: Allan Drewlo Darin Deschamps, Bryan Tatoff Laura Berkmortel Kasia Czarski Ann & Sean Shannon Al Sellery Ilze Ezergailis & James James Verwaayen Gus De Franco Robert Fish Black Other Annual Fund Total: $110,857 Mark Layne Elaine Kelly Contributions Jamey Gage Rosemary Li-Houpt G Bruce McFee Catherine Addison Participation: 21% Mark W Lobsinger HBA 1990 Greg Schinkel Paul Methot J Atha Ivey Society, Founders’ Ivey Society, Class Agents: Tim Jill Schnarr John Wu Philippe Bergeron Circle Benefactor Watson, Michael A R Wilson Angela Schneider Ben Butler A Ian Aitken V Craig Duff HBA 1984 Rick Comish Lisa & Darin Deschamps Karen Young Total: $68,263 Stephen Dewis Peter Sucharda & Cynthia Participation: 18% HBA 1992 Other Annual Fund Total: $41,700 Rhonda L English Devine Contributions Total: $23,620 Participation: 16% Joanne Evans Dino A DiCienzo Ivey Society, Founders’ Anonymous Circle Participation: 15% Greg W Johns Alan Sellery Ivey Society, Founders’ Anonymous Greg & Tracy Guatto Linda Northgrave Ivey Society, Founders’ Circle Ivey Society, Deans’ Anonymous Lisa & Guy Metcalfe Lisa Pankratz Circle Circle George A Cope Paul Ablack Jacqueline & Michael A R Elizabeth & Andrew Pollock Karen A Crich Carolyn M H Cross Anonymous Stephanie Bowman Wilson David R Postowoj Ray G Young Peter Samson & Cathy Bridget Child Ivey Society, Deans’ Jordan Rose Williamson Ivey Society, Deans’ Circle Lynne M Gallacher Circle Ivey Society, Deans’ Ann & Sean Shannon John B Simcoe Circle Ivey Society, Patron Gregory Glista Christopher Albinson Douglas Stirling Adam Waterous Tom Flynn & Cathy Marc Mann David P Dal Bello Ivey Society, Elizabeth Yager Hampson Paul Rogers Benefactor Ivey Society, Patron Geoffrey Haydon Ivey Society, Patron Sandra Sanderson John Loh David Montanera Kevin Higgins Louise Martin HBA 1986 Catherine Stedman Judy L Riege Leanne & Stephen Lewis Ivey Society, Darrell Wheeler Ivey Society, Mark Runstedler Benefactor Total: $114,514 Benefactor Ivey Society, Adelina Wong Ettelson Alec W G Clark Other Annual Fund Participation: 25% Benefactor James Barltrop & Contributions Carolyn E Horan Kimberly Facca Rose Baker Marnie Clark Ivey Society, Founders’ Christopher A Lane Pamela Jeffery Bill Jack HBA 1989 Circle John L Corso David Jenkins Loris Lazzer Paul J Atkinson Todd McCuaig Class Agent: Michael John Davis Brad Karro Pun David (Tex) Mark John A K Francis Steven R Meston Amanda Freeman Gino L Martone Total: $33,631 Other Annual Fund Glenna & Richard Talbot Other Annual Fund Stephannie Larocque & Rob McClelland Contributions Scott Griffith Chris G Tambakis Contributions Participation: 16% Tony Meehan & Vithia Nicole Archibald Paul Herring Saing Anonymous Ivey Society, Patron Esther Benzie & Mark Anonymous Ivey Society, Founders’ Kristina Klausen Madeleine Paquin Angie & Tony Francolini Circle Phillips Carol Allmendinger Robert Lombardi Joseph Pucci Tom Flynn & Cathy Christopher Gate Kelley & Kevin Dalton Clare Davenport Susan Lucas Jenny Witterick Hampson Michael Hill Christina de Vries Geoffrey Gisser Keitha (Mackay) Theresa & Robert Scullion Nadine Joli-Coeur McClocklin Other Annual Fund David Gold Ivey Society, Patron Contributions Peter Simon Michael W Pun Michael & Vivian Polak Megan Mitchell Kurt Hausen Anonymous Robert Wortzman Sean Robitaille Thomas Pressello Ivey Society, Barton Rowe James Gilliland Benefactor Murray Rundle Ainslie Simmonds & Mark Mike Seliga Ivey Society, Manley Lisa Pountney Heidi Morley & Karl Berger Benefactor Michael J Voskuil Robert Stark Stephen Taran Jacqueline Puchalski Carmen Edgell Scott G Bere Michael J Wilson Blake Witkin Mark Vandenbosch Denise C MacDonald Joelle & Sante Corona Mike Thorfinnson Nicole Haggerty HBA 1991 Jamie Ziegel James Salem Total: $16,996 Other Annual Fund Sara & Mark Waldron Contributions Participation: 9% Anonymous Anonymous

2013 Ivey Annual Report | 37 Jonathan Minsky HBA 1999 Ivey Society, Sandro Morassutti Benefactor Karin Mueller Total: $20,200 Mark Schachter hba, dba & phd Mark Richards Participation: 18% Other Annual Fund Martha & Dirk Schrader Contributions Ben Thomas Ivey Society, Founders’ Ram Amarnath Circle Jaclyn & Michael Barr Anonymous HBA 1997 Ethan & Maly Bernstein In recognition of their Ivey Society, Patron Neal & Lindsay Costello loyal support, donors Class Agent: Eliza Leanna & John Bayliss Trevor Hand O’Neil James Kay who have supported the Other Annual Fund Total: $17,910 School for five or more Contributions Ginny Lee Sterling Melanie & Ted Cooper Rebecca Nelson consecutive years are Participation: 16% Jim Crooks Julian Ovens listed in bold. Ivey Society, Founders’ Brad & Christine Darling Jeffrey Ranson Circle Dave DeNoble Boaz Shilmover Christine & David Wood Stuart Elman Mr & Mrs Chris Sturby Ivey Society, Deans’ Andrew J Fortier Circle Stephanie Chen Karin Wiens Scott Foster HBA 1993 Ryan Finch HBA 2002 Brent Choi Peter Wilcox Valerie & Bernard Foster Total: $6,106 Class Agent: Kevin Brent Currie Krista K Wylie Ivey Society, Steve Gibson O’Brien Benefactor Trevor Currie Lindsay Holtz Participation: 8% Chris Dorland 20th Reunion Social Jennifer Dalton The Hunter Family Committee: Andrew HBA 1995 Ivey Society, Connie & Key Kasravi Alan Lever Fletcher, Gordon Nicole DaSilva-Jones Benefactor Total: $7,300 Joseph Lo Sandford Karina Eichenberg Robert & Amanda Levine Anonymous (Abramovich) Eliza O’Neil Joanna Lipfeld Fundraising Participation: 11% Jeff & Amy Baryshnik David Fabian Michael A Opdecam Committee: Kathryn Lee Merovitz Evan Hershberg Brohman, David Andrew Fletcher & Family Ivey Society, Santosh N Prasad Phillip Pon Campbell, Karina Benefactor Antoni Krajewski Todd Purdy Sandy Ladak Rattan Other Annual Fund Eichenberg, John McNain, Rohit Bhapkar Contributions Kevin O’Brien, Steve Keith E Laslop Elaine Shiu (Lui) Peter Giacomelli & Other Annual Fund Anonymous Rodin Cynthia Mar Contributions Andrew Smith Chanda Carr Anonymous Pauline Martin & Family Anonymous Stanley Tse Total: $192,575 Peter Kalen David Brebner Greg Mason Anonymous Charles & Sylvia Walker Participation: 35% Joel McLean James Brooks Tina & Laird McLean Ryan Balgopal Paul Chapman Ivey Society, Founders’ Andrea Peel Other Annual Fund Domenico D’Alessandro Contributions HBA 2000 Pavithra Dharwarkar Circle Paula Puddy Derek Dietrich Alastair Caddick Eliot Freeston Michael Wexler Steven Rodin David Fisch Class Agents: Stefan Nicholas Cheung Bortolussi, Davin Li, Nick Koutsoukis & Parneet Eva Salem Mary-Lynn Mah Ivey Society, Deans’ Bradley Fraser Mike Ritchie Sheema Circle Gordon Sandford Louise Malhotra Nick Kuzyk Leon Gurevich Total: $6,533 Yolanda & David Campbell Darren J Wallace Greg Secko Jeff Hendry Amy E McCaig Andrea & Kevin O’Brien Glen Webster Kerry Sokalsky Participation: 10% Jason R Hollingsworth Ashish Ondhia James R Witmer Andrea Young Ivey Society, Patron Ellen R Jarmain Ivey Society, Patron Suraj Raythatha David J Pennington Lisa Kasick Michael Ritchie Jason Thacker & Jaclyn Mascarenhas Gregory D Smith HBA 1994 Jeannine Pereira HBA 1998 Ivey Society, Stephani Wray Paul Takasaki Ivey Society, Total: $15,275 Class Agents: Benefactor Benefactor Aindrea Cramp, Brian James Obright Participation: 11% Shawn Aspden Huen HBA 2003 HBA 1996 Other Annual Fund Dr M Kathryn Brohman Ivey Society, Patron 15th Reunion Contributions 10th Reunion Social Total: $17,385 Committee: Aindrea Scott & Alison Cooper William Balassone Michael & Jaclyn Barr Committee: Chris Asper, Cramp Michael Guenter, Mark Roman A Duch Ryan Gledhill Participation: 13% Stefan P Bortolussi Malerba, Ross Pryde Lisa Goldson Armstrong Total: $37,433 Ivey Society, Jeffrey Brown William Green Ivey Society, Deans’ Participation: 7% Total: $3,802 Benefactor Circle Bradley E Cheng Michael Klinck Anonymous Tiffany Foster Rech Participation: 4% Kevin Williams Ivey Society, Founders’ John McNain Wendy & David Barron R Luke Seabrook Circle Adam Fremeth David J Pennington Ivey Society, Chanda Carr & Peter Zaheeda & Nav Rahemtulla Andrew & Duska Kennedy Benefactor Chrissy Pigeon Giacomelli Ivey Society, Patron Chris Lumley JeffT homas & Christie Cheng-Yi Tong Melissa Kruyne Tasha & David Rawlings Ivey Society, Love Thomas Benefactor David Resnick T Alan Wright Mona & Kevin Malone Ivey Society, Aindrea Cramp Paul Simcox Other Annual Fund Benefactor Other Annual Fund Other Annual Fund Mark Murski Contributions Michael Cowan Contributions Contributions Matthew Sheahan HBA 2001 Anonymous Anonymous Bryan Carlson Richard Kim Anonymous Other Annual Fund Anonymous Glenn Cressman & Sarah Other Annual Fund Class Agents: Zameer Christopher Alleyne Colman Contributions Kassam, Vincent Pang Anonymous Contributions Andrew MacNiven Donald Hutchison Patrick Ryan Bend Alissa Anzarut Anonymous Total: $5,846 Mark Malerba Angela Roussel Ted Jennings Mark D Applebaum David Burnie Participation: 8% Elizabeth Spence Francis Vanden Hoven Alexander Makrygiannis Rob Biehler Nathan Eldridge Ilana Valo Matthew Nicholls Stephanie Brooks Michael Mah Ivey Society, Patron Ryan Poissant Michael Carleton Kate McQuillan Frank Franciosa Scotty Vanderwel

38 | 2013 Ivey Annual Report Other Annual Fund Other Annual Fund Jonathan To HBA 2004 Ivey Society Leadership Levels Contributions Contributions Clark Wang Class Agents: Anonymous Anonymous Richard T Wong $10,000+ Founders’ Circle Candice Carson, Jenni Anonymous Omar Al Jabri $5,000–$9,999 Deans’ Circle Denniston, David Dale Zhang Christie Bartram Charron Brooker Belcourt $2,500–$4,999 patron French Aparna Bedi Tanna Erin Dragasevich $1,000–$2,499 Benefactor Total: $1,875 $100–$999 The First Decade Society Sarit Chandaria Chi Chen HBA 2011 Participation: 5% Morgan Chmara Nathalie Hull Class Agent: Ryan Anonymous Derrick Fournier Jamie Hyodo Chang Natasha Kapoor Other Annual Fund Contributions Anonymous Robert Friday Jeremy Knight Total: $3,324 Nick Lamont Hayden Beck Anonymous Johnathan Gibson Vishwath Kumar Adam Leibel Participation: 7% Amanda Ketelaars Matthew Burbridge Jonathan Goldberg Jordan MacKenzie Shawn Lerner Jillian Marshman Liz Butler Courtney Harbin Geoffrey McLeod Ivey Society, The First James Malone Melissa Yach Ebrahim El Kalza Wilson Huang Adam Shantz Decade Society Haley Mann Anonymous Jacqueline Green Sabrina Kumar Ceccarelli Piotr Tomasz Wojnarowicz Daniel McKinnon Amanda Chan James Guttman Zach Michaud Stephen W Wyprysky Michael Mescia DBA Ryan Chang Julia Knox Franky Ng Michael Mitchnick Merv D’souza Other Annual Fund Sohail Lalani Brent Osborne James Moss Contributions HBA 2009 Ian Rosen William Leibel Jon Spencer Hayley Niven Anonymous Lydia Yu Jordan Martens Anton Vidgen Class Agent: Lisa Kelly Panes Andrew Billingsley Kendrick Shamez Virani Other Annual Fund Taimoor Tariq Lawrence Blaine HBA 2005 Kimberly Yeung Total: $3,280 Contributions Mehboob Virani Richard Carr Participation: 5% Anonymous Miss Tong Yi Bill Davis Class Agent: Steve Anonymous David Zhang Donald Grossman Kenning HBA 2007 Ivey Society, The First Joseph Cheung Zheng Xiao Zhao Moffat R Hill Decade Society Total: $5,538 Total: $3,567 Judy Cheng Jue Zheng Clarke Markle LeRoy Litchfield Participation: 7% Participation: 5% Jeff Gass James Powell Matthew W Montemurro Other Annual Fund Richard Goldberg Kristopher Wong Contributions Bob Smyth Ivey Society, Ivey Society, The First Michael Goodman Alyssa Kan Nunzio Spino Benefactor Decade Society Other Annual Fund David Greenwald Amy & Jeff Baryshnik Jeff Greenspoon Sarah Levin James Waller Contributions Sukhbir Grewal Mark Laing Rebecca Ho Lorna Murataj Lee Berger Tracie Hank Michael Yue Jean Kwong Amy Childs Matt Hyland PhD Olivia & Matthew Sobczyk Ryan Freeman Ivey Society, The First Andrew Lenjosek HBA 2013 Ivey Society, Patron Justine Kilby Decade Society Other Annual Fund Christine Liu Total: $3,259 Angie & Tony Francolini Chris Casey Contributions Catalina Lopez John Meko Participation: 7% Stefanie & Michael Block Jan Machowski Ivey Society, Other Annual Fund William Meneray Benefactor Denise D’Avella Mathew Mehrotra Contributions Jessica Morris Ivey Society, The First Dr M Kathryn Brohman Gary Diamond Steve Murray Decade Society Anonymous Denis Nagasaki Rebecca Grant & David Anonymous Kate Banting Nicole Fich Toshiaki Nagasawa Ernest Pang McCutcheon Anonymous Colin Bogar Jen Lomax Ryan Nelson Lindsay Parker Nicole Haggerty Stuart Berger Julie Cassidy Jonathan Pelosi Kyungchul Park Laura Power Fraser Johnson Jon Brodzik Mariam Hashmi Doug Port Adam Pieczonka Wendy Staroselsky Jianping James Liang James Brophy Erich L Isopp Andrew Rapsey Stephanie Puzio Dhawal Tank Shige Makino Jameel Madhani Stanley Rodos Joel D Read Jeremy Chad Alisa Zorina Other Annual Fund Calvin Cheng Anne Marwick Saulius Simonavicius Scott Reaume Contributions Aaron Minocha Ruth Teng Ryan D Riese HBA 2012 Rachel D’Hollander Anonymous Jonathan Paul Eero Traagel Mandy Siu Jenn Faulds Neil Abramson Louise Poole Matt Vines Matthew Wills Total: $4,728 Jenny He Sadrudin Ahmed Samantha Young Victoria Heath Michael Shour Participation: 8% Mark C Baetz Benji Sucher HBA 2010 Jeffrey Hollingsworth Henri Barki Mark Trovato HBA 2008 Ivey Society, The First Pooja Jain Chris Bart Class Agents: Ashley Decade Society Emily LaJoie Kennedy, Richard Yolande Chan 5th Reunion Social Anonymous Samantha Lastman HBA 2006 Committee: Leanne Wong Jacob YunKyung Cho Anonymous Cassandra Lee-Chiang Bowden, Trang Trinh Total: $1,195 Nicholas Close Class Agent: Adam Fez Ahmad Stephanie Libenson Anton Dimnik Bortolussi Total: $3,428 Participation: 3% Brianne Beaudoin Xiao Lin Bernard Garnier Total: $3,461 Participation: 5% Ronen Benin Mathew MacFayden Dr Jacques Grise Ivey Society, The First Matthew Blackman Participation: 7% Decade Society Laura Magisano Andrew Inkpen Ivey Society, Founders’ Howie Chan Circle Tasom Jeong Shangietha Murugiah Dominic Lim Alex Cook Ivey Society, Founders’ The Staffen Family: Priya Ramji Circle Other Annual Fund Charles Mossman Rob, Sharon, Julia, Asif Dhanani Corey Rochkin Contributions Derrick Neufeld The Staffen Family: Matt & Candra Jimmy Ding Rob, Sharon, Julia, Anonymous Graham Rosen Jacques Prefontaine P J Dunn Matt & Candra Ivey Society, The First Amanda Armstrong Hermione Shou Jean-Louis Schaan Decade Society Kathryn Estey Jory Cohen Matthew Tallman Daniel Szpiro Ivey Society, The First Prabh Chandhoke Rosanna Fu Decade Society Ashley Kennedy Wesley Thomas Juanyun Tang Ashmit Chaudhury Jiemi Gao Kristen Cornell Gregory B Mak Adam Tulloch Sarah Draper Christine Gemmink Divya Narayanan Xiaoye Yin Sara Lear Emily Gilmour Yagazie Osuji Ivy Zhang Puneet Grewal Chris Selby Cathy Ha

2013 Ivey Annual Report | 39 Roberta MacGillivray Mitchell Stein Peter Macnamara The Mireille & Murray Kim Malcolm Steinberg Family Foundation Faculty, Staff & Friends Maximilian Mantha Amii Stephenson Sarah McCarthy Mr & Mrs Christopher Jeff McCord Sturby Stephen McIntosh Steve & Michelin Tait In recognition of their Corey McNair Mary Townshend Ryan McVeigh loyal support, donors Mark Vandenbosch Darren & Jennifer Meister who have supported the Dhruv C Vyas Lucy Miller Mary Weil School for five or more Sanchit Mittal Robert & Elizabeth Wiebe consecutive years are Aaron Mittler Jan Wiebe listed in bold. Christianne Moretti Mark Wolfe & Loretta Perrie Sean Murray Charles Wong Derrick Neufeld Gordon Wright Rita A Nicholson Jennifer Wyant Fernando Olivera Aileen Zhou Ivey Society, Deans’ Other Annual Fund Jim Dewald Marina Paperny Faculty, Staff & Circle Contributions Matt Doelman Maura Paré Friends Judy & Murray Bryant Anonymous Hui Dong Justin Pilon Dr Amit Chakma Anonymous Ivey Society, Founders’ Gail Drummond Michael & Vivian Polak Circle Connie Clerici & Israel Anonymous & Bob Dorrance Mendez Allesandro Previtero Anonymous Anonymous James A Erskine Olga Radchenko Anonymous Ivey Society, Patron Anonymous Brian A Felesky Vaughan S Radcliffe Anonymous Eric Morse Anonymous Judy Fentin Kendra Reddy The Mitchell & Kathryn Windsor Pride – Run for Anonymous Sylvia Flewelling Baran Family Foundation / Robert Reichert Rocky on behalf of Rob & Anonymous Stephen Foerster Trudell Medical Limited Nancy Campana Jeff Richardson Anonymous Saresa Freer The Ralph M Barford Diane Ring Foundation Ivey Society, Anonymous Adam Fremeth Benefactor Penny Rintoul The Estate of the Late Anonymous David Gaida Sarah Rosenfeld & Michael William Bessent Anonymous Anonymous Patrice Gale Ghert Charles & Rita Field- Geoff Beattie Anonymous Jeffrey Gandz Joseph Sampogna Marsham Foundation Michael Binette Michael Abram Terri Garton Jean-Louis Schaan Blake C Goldring Kelly Cole J Byron Adams Brianna Gastaldi Anojan Hong Kong Pei Hua Andrea Cramp Omid Ameri Holly Gati Sandrasegarampillai Education Foundation The Cuddy Family Howard An Shash Gupta Shep Secter James D Irving Lynne & Joe DiStefano Family of Meredith Ball Nicole Haggerty Gerard Seijts Richard M Ivey Family & Express International Tima Bansal Stephen Selby Ivey Foundation Translations Inc Adam John Hill Bruce Barker Hemanth Shankar Albert & Temmy Latner Candace Gibson Tristan Hodge Family Foundation Mehmet Begen David Carvell Shaw Jane Graham Guy Holburn Claudette C & Donald J Andrew Bell Evan Huang Leslie Shaw MacDonald Andrew Grindlay Neil Bendle In Your Home Therapy Noeline Simon The Jean C Monty Family Fraser Johnson Janet Boyle Jan & Don Innes Sergey Sirotenko The Wesley & Mary Nicol TJ & Frank Killoran Stephanie Brooks Ashok Sivanand Charitable Foundation Stewart Thornhill Dana James Steven Bunyan Kathleen Slaughter Richardson Foundation Cathy Vitkauskas Lucia Jaramillo Mike Campaner Jacob Smith Hartley & Heather Tim Walter Henry Jim Debra & Barry Campbell Cheryl Smith Richardson Rod & Sharon White C.B. Bud Johnson Joseph Shilon Canada Helps Library Staff Mr Christopher Snow William Shurniak Daniel Carbone Tammy Johnston Solinsky Family Carol Stephenson, O.C. Debbie & Joe Compeau Gerrit Kamps E Louise Spencer John & Melinda Thompson Rachel A J Condie Robert H Kayser Bea & Purdy Crawford Nader Khairallah Arjun Datta Riaz Khalil Jean-Paul Deveau Maureen Killoran Eric & Carole King Michael Krieger Brian Kusisto Cynthia Lee Andrew Lee Rachael Lee John P Leidl Christine Lerakidis

40 | 2013 Ivey Annual Report Bequests Susan & John Bowey, Robert A Jennings The Late Lloyd J Raney, In Memoriam Dr Kenneth William Lemon MBA ’73 Carol Johnston & Family HBA ’56 Doreen Magyar Anonymous Tom Brent, HBA 59 Jean & James Keenleyside, Douglas M Reid, HBA ’58 and In Honour Dr Samuel A Martin Anonymous Douglas G Brock, MBA ’61 HBA ’65 Catherine Paquet & Pierre Gifts Sidney F E May, MBA ’58 Anonymous Rivard, MBA ’83 Robert Brooks, MBA ’68 Margaret A Kimball, William A McCleary, HBA Gifts Were Made in Anonymous Charles W Brown, MBA ’83 HBA ’60 Thomas J Pressello, ’94 HBA ’92 Memory Of: Anonymous Geoff & Nancy Browne, Heather M Kitchen, Dr Al Mikalachki, MBA ’60, Jimmy Abouchakra, HBA ’77 MBA ’92 Dr Sherry L Price, MBA ’73 PhD ’64 Anonymous MBA ’03 Heather & Neil Campbell, Carol & John Kittredge, J Wayne Rogers, HBA ’72 David J Smith, MBA ’86 Anonymous MBA ’71 John S Batters, HBA ’54 HBA ’82 William A Saunders, William W Volk, MBA ’82 Anonymous Louis Lagassé, MBA ’73 MBA ’56 Paul M Bishop, MBA ’64 Wendy Carriere, MBA ’83 Garth Wilby, HBA ’60 Anonymous Douglas M Lambert, C John Schumacher, Gregory Brine, MBA ’03 Gaylanne Phelan & The Gifts Were Made In Anonymous HBA ’69, MBA ’71 MBA ’84 Caroline A Brohman, Late Richard H Chenoweth, Honour Of: Anonymous MBA ’78 Christopher H Lang, Ronald J W Simpson, HBA ’91 Richard W Ivey, HBA ’72 Anonymous Stephen E Coote, EMBA ’11 HBA ’64 MBA ’69 Chris Bruyere, HBA ’85 Carol Stephenson, O.C. Anonymous Linda & Randall Craig, The Late Honor F E Lemon Andrew Sloan, MBA ’03 Professor David G Burgoyne, HBA ’60, Stanley & Rosalind Witkin Anonymous HBA ’86 Andrew G Lonseth, Susan A Carlyle & David G MBA ’80 Southern, MBA ’86 MBA ’65 Anonymous Marie-Anne Desjardins, MBA ’98 David K Lowry, HBA ’64 The Staffen Family: Rockwell Campana, Anonymous HBA ’11 Margo & George Enns, Duncan P Macgregor, Rob, Sharon, Julia, Anonymous HBA ’59 HBA ’64 Matt & Candra Gareth Coombes, HBA ’13 Anonymous James A Erskine, MBA ’67 A MacDiarmid, HBA ’74 Carol Stephenson, O.C. Stephen Cuddy Anonymous Brian R Foster, HBA ’75 Kyle MacDonald, HBA ’82 The Late Robert O Stoner, HBA ’56 Suzanne M Curtis, HBA ’8 Anonymous Morna J Fraser, MBA ’89 Robert J McConnachie, Peter R C Story Wail H El-Awad, MBA ’02 Anonymous Stephen G Friday, MBA ’82 MBA ’91 Eileen & Robert Stuebing, Anonymous The Late Samuel W McCoy, Joanne Fleming, HBA ’85 Douglas Grant, MBA ’67 MBA ’74 HBA ’51 Yvon Gervais Anonymous Pamela J Hollister-Graye & Lynne & Paul McCrea, Lloyd C Swift, MBA ’72 Judy & The Late Ira David Mitchell T Graye, HBA ’78 Alexandra J Hurst MBA ’60 M Mac Donald Templeman Abraham, MBA ’71 Jon & Laura Hantho, Professor C B Johnston, Steve McDonald, MBA ’83 Klaus H Thiel, MBA ’71 F Gwyer Moore, MBA ’79 MBA ’89 HBA ’54, MBA ’57 & Diane Arsenault, MBA ’79 R Keith Harfield, HBA ’70 Marion & Donald Mary & George B Turnbull, Jose Kawai, MBA ’04 McDougall, MBA ’61 HBA ’49 Neil M Armstrong, HBA ’49 Douglas P Hayhurst, David R McGregor, MBA Sonya P Ulrich, HBA ’58 David B Auld, MBA ’83 HBA ’69 ’86 James A W Van Slyck, The Late Edward G Aust, Kathleen J & Mark E Donald McIntosh, MBA ’58 HBA ’64 HBA ’38 Henning, MBA ’84 The Late Robert D Darlene Vincent, HBA ’73, William E & Deborah A Aziz, Thomas P Howard, McMurdo MBA ’79 HBA ’79 MBA ’72 Mona & Keith Munro, William P Wilder Walter R Badun, DBA ’55, The Late A Margaret HBA ’64 MBA ’57 Hughes, HBA ’42 Barbara & John F Wood, Rosemary (Schauf) Pahl, HBA ’64 Dr Ralph M Barford, LLD Dr Richard & The Late Beryl Ivey, HBA ’47 MBA ’84 Patricia & The Late William Gerald Beasley, MBA ’68 Donna & Richard W Ivey, The Late Dr R Allan Wood, HBA ’57 G R (Bob) Blake, HBA ’46 HBA ’72 Patterson, MBA ’67 Donald P Woodley, MBA ’70 Dr Leslie Bowd, MBA ’83 Rosamond Ivey, HBA ’82 Alicia Zavitz Randall Jang, MBA ’77

2013 Ivey Annual Report | 41 LifeScan Canada Ltd Matching Gift London Economic Development Corporation Companies

Corporate & L’Oréal 1823969 ONTARIO INC Lumina Consulting Alliance Data McCormick Canada Bell Canada Matching Gifts MEG Energy Corporation BMO Financial Group Merrill Lynch Canada Inc In recognition of their BP Canada Inc Mondelez International Burgundy Asset loyal support, donors $500,000 to $25,000 to $49,999 Home Depot Inc Other Annual Fund Ontario Teachers’ Pension Management Ltd Plan $999,999 who haveHSB supportedC Bank Canada the Contributions Cenovus Energy Bell Canada Patient Capital School forImperial five Capital or Groupmore Chevron Corporation Anonymous Birch Hill Equity Partners Anonymous Management Inc In2space Interior Solutions CSL Group Inc KPMG Enterprise Canada’s Research- consecutive years are 3M Canada Company PepsiCo Canada EA Outreach Based Pharmaceuticallisted iniWorx bold. Systems Inc AirSprint Inc Peters & Co Limited $250,000 to Companies (Rx&D) KingSett Capital Inc. Alberta Investment EnCana Corporation $499,999 Pharmexx Canada The Co-operators Group Lanxess Inc Management Corporation Ericsson Corporation Ltd Provision Coalition Power Financial Linamar Corporation Annapolis Capital Limited Ernst & Young Corporation Deloitte Retail Council of Canada Applied Science Expedia Gives Matching LoyaltyOne Inc RioCan Management Inc TD Bank Group Gluskin Sheff + Associates Labratories Gifts Program Manulife Financial Roche Canada IBK Capital Corp Corporation ARC Financial Corporation General Electric Canada $100,000 to Seven Generations Energy IBM Canada Ltd ARC Resources Inc $249,999 Maple Leaf Foods Inc Ltd Janssen Inc Automotive Industry General Mills Foundation Maple Leaf Sports & Shoppers Drug Mart Inc Anonymous Mackenzie Financial Entertainment Association of Canada Goldman Sachs Group Inc SIC Management Inc AltaGas Ltd Corporation Martinrea International Blu Era Google Sky Energy Corporation Bloomberg McKinsey & Company McCarthy Tetrault Canada’s Next Top Ad Exec Honeywell Hometown Stacey Muirhead Capital BMO Financial Group PricewaterhouseCoopers Canadian Association of Solutions Morgan Stanley Canada Management EllisDon Corporation LLP Limited Petroleum Producers Hydro One Steelcase Foundation The Globe & Mail Morneau Shepell Caracal Energy Inc IBM Canada Ltd $10,000 to $24,999 Summerhill Venture Cement Association of Investors Group Inc J D Irving Limited Pelmorex Media Inc Partners Anonymous Canada Ivanhoe-Cambridge RBC Pershing Square Capital Supply Chain Management Accenture Inc Management LP City of London Scoitabank Association JPMorgan Chase & Co. Aimia Inc Polar Securities Inc Colgate-Palmolive Canada StarTech.com Ltd Talisman Energy Inc KPMG Enterprise Air Canada Inc Sandra Rotman Centre TJX Canada KPMG Foundation Suncor Energy Foundation Credit Suisse Securities Avaya Inc Sleep Country Canada Tangerine (USA) LLC Wallenius Wilhelmsen Labatt-Interbrew North Barclays Capital Stikeman Elliott LLP Logistics America Trudell Medical eLUXE BC Hydro Stronghold Services Watt International Inc Marsh & McLennan International Federation of Plastics & Corporation Companies (US) Blake Cassels & Graydon Alliances Composites Western Glove Works $50,000 to $99,999 LLP Target Canada Navigo Financial Solutions Fisher & Company Limited Western University Borden Ladner Gervais LLP Teck Resources Limited Salesforce.com Chartered Professional Food and Consumer Winners Merchants Accountants of Ontario Boston Consulting Group Tembec Inc Products of Canada International LP Steelcase Foundation of Canada Ltd CIBC Tim Hortons Inc General Mills Canada Inc Suncor Energy Inc Canadian Association of Farm Credit Canada Unilever Canada Inc Talisman Energy Inc Chain Drug Stores Hotel Association of Great-West Life, London Westport Power Canada TELUS Corporation Life and Canada Life Canadian Pacific Ltd Xerox Canada Ltd Hudson’s Bay Company The Standard Canadian Tire Corporation Institute for Health System Info-Tech Research Group Towers Perrin Transformation and Limited Sustainability CGI Group Inc Intact Insurance Company Wal-Mart Stores Medtronic of Canada Ltd Cisco Systems Journal of Management Wells Fargo Foundation National Bank Financial Danby Products Korn/Ferry International Xerox Foundation Markets Desjardins Group LazyPants Rebus Productions Ltd OMERS Ernst & Young LLP Le Chateau Inc Power Workers’ Union First Generation Capital Inc LGM Financial Services Inc TELUS GE Healthcare Canada Inc LifeLabs TransCanada PipeLines Goldman Sachs Canada Limited Inc Goodmans LLP Harry Rosen Inc Holcim (Canada) 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.

42 | 2013 Ivey Annual Report financials

Operating Budget

F2013 F2012 ($000) ($000)

Revenue Enrolment Grant $9,584 10.1% $9,393 10.2%

Tuition – Degree Programs $49,831 52.3% $48,780 52.9%

Pre – Business Funding $1,650 1.7% $1,609 1.7%

Course fees – Non Degree Programs $12,493 13.1% $11,851 12.9%

Publishing $6,561 6.9% $6,550 7. 1%

Conference Centres $8,285 8.7% $8,506 9.2%

Donations – Total $18,736 19.7% $15,044 16.3%

Less – Endowed & Restricted Donations ($15,775) -16.6% ($12,926) -14.0%

Endowment Interest $1,233 1.3% $924 1.0%

Recoveries & Miscellaneous $2,634 2.8% $2,491 2.7%

Total revenue $95,232 100.0% $92,222 100.0%

Direct Variable Expenses Program accommodation and meals $7,601 8.0% $7,513 8.1%

Student & teaching materials $4,390 4.6% $4,429 4.8%

Scholarships $3,918 4.1% $3,190 3.5%

Receptions $1,037 1.1% $1,015 1.1%

Other $425 0.4% $268 0.3%

Total Direct Variable Costs $17,371 18.2% $16,415 17.8 %

Contribution $77,861 81.8% $75,807 82.2%

Direct fixed expenses-schedule $37,874 39.8% $35,840 38.9%

Administration expenses-schedule $29,746 31.2% $28,373 30.8%

Western Services $7,791 8.2% $7,229 7.8 %

New Building Furniture & Technology $2,450 2.6% $3,650 4.0%

Surplus $0 0.0% $715 0.8%

2013 Ivey Annual Report | 43 financials

Schedule of Expenses

F2013 F2012 ($000) ($000)

Direct Fixed Expenses Faculty Salaries & Benefits $30,989 32.5% $29,506 32.0%

Utilities $295 0.3% $301 0.3%

Marketing & Recruiting $4,395 4.6% $4,126 4.5%

Property, Operations & Maintenance $389 0.4% $305 0.3%

Research $1,102 1.2% $962 1.0%

Computer Equipment & Software $656 0.7% $568 0.6%

Other Direct Fixed Expenses $48 0.1% $72 0.1%

Total Direct Fixed Expenses $37,874 39.8% $35,840 38.9%

Administration Expenses Staff Salaries & Benefits $18,279 19.2% $16,775 18.2%

Trave l $1,208 1.3% $1,483 1.6%

Amortization $971 1.0% $1,015 1.1%

Bank Charges & Interest $373 0.4% $374 0.4%

Rentals/Leases $180 0.2% $143 0.2%

General Administration $2,250 2.4% $2,187 2.4%

Mailing $276 0.3% $282 0.3%

Printing $314 0.3% $319 0.3%

Telephone $447 0.5% $505 0.5%

Building Rent $2,607 2.7% $2,397 2.6%

Building Alterations & Maintenance $267 0.3% $285 0.3%

Management Fees $344 0.4% $391 0.4%

Training & Development $178 0.2% $129 0.1%

Consulting & Professional Fees $1,646 1.7% $1,628 1.8%

Other $406 0.4% $460 0.5%

Total Administration Expenses $29,746 31.2% $28,373 30.8%

44 | 2013 Ivey Annual Report 90 Years of Leadership

From the first business graduates in 1923 to the opening of the new Richard Ivey Building, here is a look back at the highlights of Ivey’s nine decades of leadership.

1922 teaching of business administration begins at Western

1923 First BA (Honours Commerce) granted

1924 university College houses the Business Department in the basement

1932 Graduate work in Business begins

1951 First MBA class graduates

1957 richard Ivey School of Business Administration building opens on campus

1961 ivey launches first PhD program in Business in Canada

1978 spencer Hall Continuing Education Centre (now Spencer Leadership Centre) opens

1984 China Program agreement signed with Tsinghua University

1998 The Hong Kong Executive MBA program begins

2007 ING DIRECT Leadership Centre (now Tangerine Leadership Centre) opens

2010 Ivey welcomes its first MSc students

2013 Richard Ivey Building opens, launching a new era in leadership Ivey Business School Western University 1255 Western Road, London, Ontario N6G 0N1 519-661-3206 www.ivey.ca [email protected]

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