Dr. Peter Lorange announces retirement

Dr. Peter Lorange

Dr. Peter Lorange, President of IMD, requested on Friday October 6, 2006 that IMD’s Executive Committee initiate the process of finding his successor.

During Lorange’s 13 years plus as President of IMD, the Institute has moved from strength to strength. Known for focus, flexibility, and ability to serve its clients, IMD is now one of the world’s most admired top ranking business schools. Dr. Lorange’s retirement announcement coincides with the ground-breaking for IMD’s fourth building project under his leadership, a new Center for Executive Learning. “Building on a long history of success”, commented Lorange, “the school has evolved through remarkable team effort. IMD has never been more international with high calibre participants from almost a 100 countries. IMD’s eclectic world-class Faculty ensures the institute’s thought leadership. The school is in better shape than ever before.”

Throughout Dr. Lorange’s tenure, revenue has grown from CHF 35 million to CHF 107 million (2006 estimate). This year will see a CHF 12 million increase over 2005, the largest one-year jump in the school’s history. The school has expanded to 55 faculty and 250 staff. IMD now sits at the forefront of executive education, as reflected in well-subscribed executive development programs, top rankings, a growing list of IMD Learning Network companies, world-class faculty and top international participants.

Dr. Lorange is Norwegian. He received his undergraduate education from the Norwegian School of Economics and Business, was awarded a Masters of Arts degree in Operations Management from Yale University, and his Doctor of Business Administration degree from Harvard University. He has written or edited 15 books and some 110 articles. He has remained, throughout his tenure, one of IMD’s most prolific researchers and published authors. IMD’s Executive Committee will now launch a search process.

The Search Committee will be presided by Dr. Matti Alahuhta, Chairman of IMD’s Foundation Board, and President of Kone Corporation. It will also include two other members of IMD’s Executive Committee: Heini Lippuner, Immediate Past Chairman IMD’s Foundation Board, and Daniel Meiland, Executive Chairman, Egon Zehnder International.