CMC president in surprise move

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Marco Sipione is resigning as president of CMC Graduate School of Business, based in Celakovice, near Prague.

His surprise move comes after just nine months at the institution, which claims to be the premier Czech management training facility.

“After having successfully led CMC through a phase of reorganisation and restructuring, I see my mission completed and I have decided to step down from the presidency at the end of April,” Mr Sipione said.

However, in a hint that his development plans, including a merger with the rival US Business School of Prague, had fallen foul of the CMC board, he continued: “I have tried to transform CMC into a major academic player through merger discussions . . . but in doing this I have also developed diverging opinions on certain policy issues.”

He said he would remain linked to the school “for a while” in a “special advisory role”.

Under his leadership, CMC has strengthened its relationship with its US partner, Thunderbird, the Garvin School of International Management.

CMC is also understood to be in a better financial position.

www.cmc.cz/

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