John Wells, a professor of management practice at Harvard Business School, is to become the new president of IMD. He succeeds Peter Lorange and will take up the role next spring.
Prof Wells is well versed in the business world, having co-founded the management consulting firm Monitor, as well as holding senior executive roles at PepsiCo and Thompson Travel. He left the corporate world in 2002 to return to HBS - he received his MBA from the school in 1979.
Once he joins IMD, Prof Wells intends to make faculty recruitment one of his priorities.
“In a way, IMD has one of the most welcome problems in the world, the demand for its services far outstrips supply and this places a considerable burden on the faculty,” he says.
“To relieve the pressure we must make clear choices about what we do and what we do not do, whilst hiring more of the world’s foremost business researchers and teachers.”
He also plans to continue to build on IMD’s existing corporate learning network to offer lifetime learning for corporate and individual partners