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Press release

Berlin, May 14, 2012

Jörg Rocholl appointed president of ESMT

  •     Interim President to lead the school permanently
  •     Reichelstein Affiliate Professor and member of the Academic Board at ESMT
  •     ESMT founding companies welcome the decision

The supervisory board of ESMT European School of Management and Technology has appointed Prof. Jörg Rocholl president of the international business school in Berlin, effective immediately. Jörg Rocholl has led ESMT as interim president since July 1, 2011. Under the leadership of Prof. Rocholl, who is also a member of the economic advisory board of the German Federal Ministry of Finance, ESMT has continued its positive development.

After consideration of all factors, Prof. Stefan J. Reichelstein has decided to remain at the Stanford Graduate School of Business. He will therefore not - as originally planned - take over the presidency of ESMT as of June 1, 2012. The supervisory board of ESMT has accepted the decision and welcomes the fact that Prof. Reichelstein will remain closely connected to ESMT in the future as an affiliate professor and a member of the ESMT Academic Board.

Dr. Clemens Börsig, Chairman of the Supervisory Board, Deutsche Bank AG and Chairman of the ESMT Supervisory Board, said, “We have found an outstanding president in Jörg Rocholl. He has successfully led ESMT during his tenure as interim president and will continue to be a great asset to the school.”

“The founders of ESMT welcome the appointment of Jörg Rocholl as president of ESMT,” commented Michael Diekmann, Chairman of the Board of Management, Allianz SE, and Chairman of the ESMT Foundation Board of Trustees. "We are pleased with ESMT’s progress and will continue to support all areas of the business school under the direction of Prof. Rocholl.”

Prof. Rocholl said, “We have made great progress in both research and teaching in recent years and will continue to grow in both areas. Together with my colleagues, I'm looking forward to advancing ESMT further as president.”

“We share the confidence that the supervisory board had placed in Jörg Rocholl and congratulate him on his appointment as president,” remarked Prof. Wulff Plinke, founding dean and head of the Gesellschaft der Freunde und Förderer der ESMT. “We look forward to a successful presidency and the continuation of ESMT’s expansion in the coming years.”

Under the leadership of Jörg Rocholl, who is also holder of the Ernst & Young Chair in Governance and Compliance, ESMT has recently received accreditation by the Association to Advance Collegiate Schools of Business (AACSB). In the current Financial Times ranking of executive education, ESMT once again placed among the top ten European business schools. In 2011 ESMT increased its revenues by 1.8 million EUR to 15.3 million EUR. The number of students in degree programs also grew by 16 per cent.

About ESMT

ESMT European School of Management and Technology was founded in October 2002 by 25 leading global companies and institutions. The international business school offers a full-time MBA, an executive MBA, and open enrollment and customized executive education programs. ESMT focuses on three main topics: leadership and social responsibility, European competitiveness, and the management of technology. Additionally the business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is based in Berlin, Germany, with an additional campus in Schloss Gracht near Cologne, where USW Netzwerk runs the German-speaking executive education programs of the business school. ESMT is a private business school, accredited by the German state, AACSB, AMBA, and FIBAA.