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href='http://email.prnewswire.com/wf/click?upn=z3qiKnBCpunqdJkRppsiEbSmnibeutBGHu9PCpp0b6U4Q4ZotzjXnIzJXOhYxAYU5QHfek0ll0gzuwcrOMPAcLzkTRUEcdjGHk2chMV-2Bie3-2FBWv8LTz5-2BntxD0AfMWTSyGZ2beULP40EeRa62U-2BQhXM246AaEr-2B04MDQqUJ5FFU-3D_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le75orXRB-2BO9cfARE5dOYyOaOBDKLXiLs2mr4S-2B9SXcPn7nqH42wCDm3VfTkIgoXjRjAHgtf-2FEr-2FtXPJsHIdby6tAX1CbFLvV2gypMj-2FYHmfzPN8w6oCHejuHqF-2BEqFfPMyMkw1xwApFV2GOgrQVb90JUG4RhFZOPYkyuVvNOh3ZcefJBU3pJ2afx1EKSths210tCbjTbDs5-2BJ1dtYFKkWvlzTNHi4VmCn36Gd24wkYdcCJZVofQ6ws50aY6gPZKRsFCrPY5xwFEdt1UAGUnHJf0CA-3D-3D'style='Margin:0;color:#00607F;font-family:Montserrat,Arial,sans-serif;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left;text-decoration:none'>View in Browser</a></small> </p> </th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table><table class="row sub-header"style="background:#00837E;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"><table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="16px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;hyphens:auto;line-height:16px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h4 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:18px;font-weight:400;hyphens:none;line-height:22px;margin:0;margin-bottom:10px;padding:0;text-align:center;text-transform:uppercase;word-break:none;word-wrap:normal">News From HEC Paris</h4><h5 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:14px;font-weight:500;hyphens:none;line-height:18px;margin:0;margin-bottom:0;padding:0;text-align:center;word-break:none;word-wrap:normal">Transmitted by PR Newswire for Journalists on <span class="prevent-break" style="display:inline-block">July 05, 2018 08:00 AM EST </span></h5></th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row header" style="background:#e5f2f3;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:0;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h1 style="Margin:0;Margin-bottom:10px;color:#4D4E53;font-family:Montserrat,Arial,sans-serif;font-size:20px;font-weight:500;line-height:28px;margin:0;margin-bottom:0;padding:0;text-align:left;word-wrap:normal">HEC Paris Makes Purposeful Leadership a Strategic Priority</h1> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> </th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table> <table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table><p>JOUY-EN-JOSAS, <span class="xn-location">France</span>, <span class="xn-chron">July 5, 2018</span> /PRNewswire/ --</p>
<p style="text-align: left"> - HEC Paris 1981 Alumnus Hubert Joly, CEO of Best Buy, is donating â¬3.7 million (over <span class="xn-money">$4.3 million</span>) to help his <span class="xn-person">Alma Mater</span> create a new Chair devoted to Purposeful Leadership</p><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"><center data-parsed="" style="min-width:510px;width:100%"><img src="https://mma.prnewswire.com/media/710393/HEC_Paris_Logo.jpg" alt="" align="center" class="float-center" style="-ms-interpolation-mode:bicubic;Margin:0 auto;clear:both;display:block;float:none;margin:0 auto;max-width:100%;outline:0;text-align:center;text-decoration:none;width:auto"></center></th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left">
<p> - The launch of the Joly Family Endowed Chair in Purposeful Leadership is a first step to positioning the school as a globally recognized center of excellence for the study and dissemination of Purposeful Leadership</p>
<p> - <span class="xn-person">Rodolphe Durand</span> has been named as the inaugural Chair holder. He is currently Professor of Strategy and Business Policy at HEC Paris and the academic director of the Society and Organizations Center (SnO)</p>
<p>HEC Paris Dean Peter Todd and Best Buy CEO <span class="xn-person">Hubert Joly</span> this morning announced the creation of the Joly Family Endowed Chair in Purposeful Leadership<i>.</i> This is the first-ever HEC endowed Chair supported by an Alumnus. This new type of Chair has been created to reflect and encourage the personal support of its Alumni for the business school.</p>
<p> (Logo: <a href="http://email.prnewswire.com/wf/click?upn=ACCs9D5JFNgi-2B8LEUAKLHXW4qnnW1kzzTq9VmSoxCfFC0psoIlMrwKPiC2J9yLY30OvdfVxfVfPTJQFY6CPJvfuKsDsMBkbD5B4dgWWBxYA-3D_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le75orXRB-2BO9cfARE5dOYyOaOBDKLXiLs2mr4S-2B9SXcPn7nqH42wCDm3VfTkIgoXjRjAHgtf-2FEr-2FtXPJsHIdby6tAX1CbFLvV2gypMj-2FYHmfzPN8w6oCHejuHqF-2BEqFfPMyMvgsLC1RziCb80I1YN8YHBB8ieV5du4XmhclMBiqcM-2FlaQZWHOm1uB1-2BzevHxAN8ruNo-2FihPO5Nd6QP4lJa2Cwh24-2B1tyhAJIYwpHblN4ZkzdAMa4s5ujvxbTOrIQ-2BVeWxcxc95clilSxe7XcX6ph1A-3D-3D" rel="nofollow">https://mma.prnewswire.com/media/710393/HEC_Paris_Logo.jpg</a> )<br> </p>
<p>The Chair will enable HEC to recognize, recruit and retain the world's top scholars in the field of Purposeful Leadership. The endowment will help train the next generation of leaders on this theme and support research by top HEC faculty members. In addition, the Joly Family Endowed Chair will allow HEC Paris to offer an annual fellowship to an exceptional student who has demonstrated a clear interest in this field.</p>
<p>The business school Dean, <span class="xn-person">Peter Todd</span> insists that Purposeful Leadership <i>"</i><i>is a fundamental part of HEC Paris</i><i>'</i><i> mission to shape the leaders of tomorrow who understand that their obligations go beyond the bottom line</i><i> and contribute to the greater good in </i> <i>s</i><i>ociety</i><i>.</i> <i>The creation of this new Chair is a natural extension of the work undertaken by the S</i><i>n</i><i>O Center</i><i> in the past decade.</i><i> </i> <i>I am delighted to announce that the first holder of the Joly </i> <i>Family </i> <i>Endowed Chair in </i> <i>Purposeful </i> <i>Leadership is Professor <span class="xn-person">Rodolphe Durand</span>. Rodolphe is </i> <i>one of </i> <i>our most accomplished researcher</i><i>s</i><i> in business strategy, an influential scholar and a leader in thinking </i> <i>of the ways</i><i> values are integrated into the DNA of organizations and incarnated in their strategy.</i><i>"</i></p>
<p><span class="xn-person">Hubert Joly</span> declares: <i>"</i><i>I believe that </i> <i>the search for meaning </i> <i>is a</i><i>n essential quest </i> <i>for </i> <i>each</i><i> individual. </i> <i>I </i> <i>further </i> <i>believe</i><i> </i> <i>that </i> <i>a</i><i> </i> <i>company</i><i> is a human organization where individuals coll</i><i>aborate on a project</i><i>, and </i> <i>that linking </i> <i>t</i><i>he </i> <i>search for meaning of </i> <i>a company</i><i>'</i><i>s team members with the </i> <i>purpose </i> <i>of</i><i> the company</i><i> </i> <i>is a </i> <i>key priority</i><i> for </i> <i>a company</i><i> and the individuals who work there.</i><i> Finally,</i><i> I </i> <i>believe </i> <i>that </i> <i>a company</i><i>'</i><i>s purpose </i> <i>must contribute to </i> <i>society</i><i>'</i><i>s</i><i> common good. </i> <i>For all these reasons, </i> <i>through the creation of</i><i> this Chair, I </i> <i>am very happy to support</i><i> HEC</i><i>'</i><i>s professors and their teams </i> <i>as they work to </i> <i>advance </i> <i>research and teaching </i> <i>o</i><i>n</i><i> </i> <i>the theme of Purposeful Leadership in business.</i><i>"</i></p>
<p>The first key questions guiding the <i>Purposeful Leadership</i> program are:</p>
<ul type="disc">
<li>Why do we work? What is the purpose of a company or an organization?</li>
<li>How can we find meaning in our work? Is a noble purpose solely in the realm of philanthropy or Corporate Social Responsibility, or can we make this the core focus of a company and all its activities?</li>
<li>What principles and practices can guide the actions of today's leaders?</li>
<li>How can we create an environment in which individual members of an organization can be themselves and blossom personally and professionally?</li>
<li>Can Purposeful Leadership result in superior business and financial performance?</li>
</ul>
<p style="font-weight: bold">About <span class="xn-person">Hubert Joly</span> and Best Buy</p>
<p><span class="xn-person">Hubert Joly</span> is Chairman and CEO of Best Buy Co. Inc., the leading provider of consumer technology products and services, with approximately 125,000 employees in <span class="xn-location">North America</span> and approximately <span class="xn-money">$40 billion</span> in annual revenue.</p>
<p><span class="xn-person">Hubert Joly</span> joined Best Buy in 2012 and led the company through its widely acclaimed Renew <i>Blue</i> transformation. The transformation resulted in improvements in customer satisfaction, market share gains, revenue growth, improved margins and a fivefold increase in its stock market value. </p>
<p>Now <span class="xn-person">Hubert Joly</span> is leading Best Buy into its next chapter, <i>Best Buy 2020: Building the New Blue</i>. In this phase, Best Buy is driven by a clear purpose: to help customers pursue their passions and enrich their lives with the help of technology. The company aims to address consumer needs around entertainment, communication, productivity, security, health, thanks to technological products, solutions and services.</p>
<p>Under <span class="xn-person">Hubert Joly's</span> leadership, Best Buy has committed to help provide, each year, technology training and career pathing to one million under-served teens in the US by 2020. Additionally, Best Buy has pledged to reduce its carbon footprint by 60 percent.</p>
<p>Prior to joining Best Buy, <span class="xn-person">Hubert Joly</span> was CEO of Carlson, a global hospitality and travel company. Before that, he led Carlson Wagonlit Travel, Vivendi Universal Games and Electronic Data Systems' business in <span class="xn-location">France</span>.</p>
<p><b>About HEC Paris</b> </p>
<p>Specializing in management education and research, HEC Paris offers a complete and unique range of educational programs for the leaders of tomorrow: Masters programs, <span class="xn-person">Summer School</span>, MBA, PhD, Executive MBA, TRIUM Global Executive MBA, open-enrolment and custom executive education programs.</p>
<p>Founded in 1881 by the <span class="xn-location">Paris</span> Chamber of Commerce and Industry, HEC Paris is a founding member of the University Paris-Saclay. It boasts a faculty of 108 research professors, more than 4,500 students and over 8,000 managers and executives in training each year.</p>
<p>HEC Paris was ranked second business school in <span class="xn-location">Europe</span> by the Financial Times' overall business school ranking in <span class="xn-chron">December 2017</span>.</p>CONTACT: Julie Dobiecki, dobiecki@hec.fr, +33-6-37-39-62-99<table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="8px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:8px;font-weight:400;hyphens:auto;line-height:8px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <table class="button medium expand" style="Margin:0 0 16px 0;border-collapse:collapse;border-spacing:0;margin:0 0 16px 0;padding:0;text-align:left;vertical-align:top;width:100%!important"><tr 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style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table><table class="row sub-header"style="background:#00837E;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"><table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="16px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;hyphens:auto;line-height:16px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h4 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:18px;font-weight:400;hyphens:none;line-height:22px;margin:0;margin-bottom:10px;padding:0;text-align:center;text-transform:uppercase;word-break:none;word-wrap:normal">News From HEC Paris</h4><h5 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:14px;font-weight:500;hyphens:none;line-height:18px;margin:0;margin-bottom:0;padding:0;text-align:center;word-break:none;word-wrap:normal">Transmitted by PR Newswire for Journalists on <span class="prevent-break" style="display:inline-block">July 05, 2018 08:00 AM EST </span></h5></th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row header" style="background:#e5f2f3;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:0;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h1 style="Margin:0;Margin-bottom:10px;color:#4D4E53;font-family:Montserrat,Arial,sans-serif;font-size:20px;font-weight:500;line-height:28px;margin:0;margin-bottom:0;padding:0;text-align:left;word-wrap:normal">HEC Paris Makes Purposeful Leadership a Strategic Priority</h1> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> </th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table> <table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table><p>JOUY-EN-JOSAS, <span class="xn-location">France</span>, <span class="xn-chron">July 5, 2018</span> /PRNewswire/ --</p>
<p style="text-align: left"> - HEC Paris 1981 Alumnus Hubert Joly, CEO of Best Buy, is donating â¬3.7 million (over <span class="xn-money">$4.3 million</span>) to help his <span class="xn-person">Alma Mater</span> create a new Chair devoted to Purposeful Leadership</p><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"><center data-parsed="" style="min-width:510px;width:100%"><img src="https://mma.prnewswire.com/media/710393/HEC_Paris_Logo.jpg" alt="" align="center" class="float-center" style="-ms-interpolation-mode:bicubic;Margin:0 auto;clear:both;display:block;float:none;margin:0 auto;max-width:100%;outline:0;text-align:center;text-decoration:none;width:auto"></center></th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left">
<p> - The launch of the Joly Family Endowed Chair in Purposeful Leadership is a first step to positioning the school as a globally recognized center of excellence for the study and dissemination of Purposeful Leadership</p>
<p> - <span class="xn-person">Rodolphe Durand</span> has been named as the inaugural Chair holder. He is currently Professor of Strategy and Business Policy at HEC Paris and the academic director of the Society and Organizations Center (SnO)</p>
<p>HEC Paris Dean Peter Todd and Best Buy CEO <span class="xn-person">Hubert Joly</span> this morning announced the creation of the Joly Family Endowed Chair in Purposeful Leadership<i>.</i> This is the first-ever HEC endowed Chair supported by an Alumnus. This new type of Chair has been created to reflect and encourage the personal support of its Alumni for the business school.</p>
<p> (Logo: <a href="http://email.prnewswire.com/wf/click?upn=ACCs9D5JFNgi-2B8LEUAKLHXW4qnnW1kzzTq9VmSoxCfFC0psoIlMrwKPiC2J9yLY30OvdfVxfVfPTJQFY6CPJvfuKsDsMBkbD5B4dgWWBxYA-3D_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le75orXRB-2BO9cfARE5dOYyOaOBDKLXiLs2mr4S-2B9SXcPn7nqH42wCDm3VfTkIgoXjRjAHgtf-2FEr-2FtXPJsHIdby6tAX1CbFLvV2gypMj-2FYHmfzPN8w6oCHejuHqF-2BEqFfPMyMvgsLC1RziCb80I1YN8YHBB8ieV5du4XmhclMBiqcM-2FlaQZWHOm1uB1-2BzevHxAN8ruNo-2FihPO5Nd6QP4lJa2Cwh24-2B1tyhAJIYwpHblN4ZkzdAMa4s5ujvxbTOrIQ-2BVeWxcxc95clilSxe7XcX6ph1A-3D-3D" rel="nofollow">https://mma.prnewswire.com/media/710393/HEC_Paris_Logo.jpg</a> )<br> </p>
<p>The Chair will enable HEC to recognize, recruit and retain the world's top scholars in the field of Purposeful Leadership. The endowment will help train the next generation of leaders on this theme and support research by top HEC faculty members. In addition, the Joly Family Endowed Chair will allow HEC Paris to offer an annual fellowship to an exceptional student who has demonstrated a clear interest in this field.</p>
<p>The business school Dean, <span class="xn-person">Peter Todd</span> insists that Purposeful Leadership <i>"</i><i>is a fundamental part of HEC Paris</i><i>'</i><i> mission to shape the leaders of tomorrow who understand that their obligations go beyond the bottom line</i><i> and contribute to the greater good in </i> <i>s</i><i>ociety</i><i>.</i> <i>The creation of this new Chair is a natural extension of the work undertaken by the S</i><i>n</i><i>O Center</i><i> in the past decade.</i><i> </i> <i>I am delighted to announce that the first holder of the Joly </i> <i>Family </i> <i>Endowed Chair in </i> <i>Purposeful </i> <i>Leadership is Professor <span class="xn-person">Rodolphe Durand</span>. Rodolphe is </i> <i>one of </i> <i>our most accomplished researcher</i><i>s</i><i> in business strategy, an influential scholar and a leader in thinking </i> <i>of the ways</i><i> values are integrated into the DNA of organizations and incarnated in their strategy.</i><i>"</i></p>
<p><span class="xn-person">Hubert Joly</span> declares: <i>"</i><i>I believe that </i> <i>the search for meaning </i> <i>is a</i><i>n essential quest </i> <i>for </i> <i>each</i><i> individual. </i> <i>I </i> <i>further </i> <i>believe</i><i> </i> <i>that </i> <i>a</i><i> </i> <i>company</i><i> is a human organization where individuals coll</i><i>aborate on a project</i><i>, and </i> <i>that linking </i> <i>t</i><i>he </i> <i>search for meaning of </i> <i>a company</i><i>'</i><i>s team members with the </i> <i>purpose </i> <i>of</i><i> the company</i><i> </i> <i>is a </i> <i>key priority</i><i> for </i> <i>a company</i><i> and the individuals who work there.</i><i> Finally,</i><i> I </i> <i>believe </i> <i>that </i> <i>a company</i><i>'</i><i>s purpose </i> <i>must contribute to </i> <i>society</i><i>'</i><i>s</i><i> common good. </i> <i>For all these reasons, </i> <i>through the creation of</i><i> this Chair, I </i> <i>am very happy to support</i><i> HEC</i><i>'</i><i>s professors and their teams </i> <i>as they work to </i> <i>advance </i> <i>research and teaching </i> <i>o</i><i>n</i><i> </i> <i>the theme of Purposeful Leadership in business.</i><i>"</i></p>
<p>The first key questions guiding the <i>Purposeful Leadership</i> program are:</p>
<ul type="disc">
<li>Why do we work? What is the purpose of a company or an organization?</li>
<li>How can we find meaning in our work? Is a noble purpose solely in the realm of philanthropy or Corporate Social Responsibility, or can we make this the core focus of a company and all its activities?</li>
<li>What principles and practices can guide the actions of today's leaders?</li>
<li>How can we create an environment in which individual members of an organization can be themselves and blossom personally and professionally?</li>
<li>Can Purposeful Leadership result in superior business and financial performance?</li>
</ul>
<p style="font-weight: bold">About <span class="xn-person">Hubert Joly</span> and Best Buy</p>
<p><span class="xn-person">Hubert Joly</span> is Chairman and CEO of Best Buy Co. Inc., the leading provider of consumer technology products and services, with approximately 125,000 employees in <span class="xn-location">North America</span> and approximately <span class="xn-money">$40 billion</span> in annual revenue.</p>
<p><span class="xn-person">Hubert Joly</span> joined Best Buy in 2012 and led the company through its widely acclaimed Renew <i>Blue</i> transformation. The transformation resulted in improvements in customer satisfaction, market share gains, revenue growth, improved margins and a fivefold increase in its stock market value. </p>
<p>Now <span class="xn-person">Hubert Joly</span> is leading Best Buy into its next chapter, <i>Best Buy 2020: Building the New Blue</i>. In this phase, Best Buy is driven by a clear purpose: to help customers pursue their passions and enrich their lives with the help of technology. The company aims to address consumer needs around entertainment, communication, productivity, security, health, thanks to technological products, solutions and services.</p>
<p>Under <span class="xn-person">Hubert Joly's</span> leadership, Best Buy has committed to help provide, each year, technology training and career pathing to one million under-served teens in the US by 2020. Additionally, Best Buy has pledged to reduce its carbon footprint by 60 percent.</p>
<p>Prior to joining Best Buy, <span class="xn-person">Hubert Joly</span> was CEO of Carlson, a global hospitality and travel company. Before that, he led Carlson Wagonlit Travel, Vivendi Universal Games and Electronic Data Systems' business in <span class="xn-location">France</span>.</p>
<p><b>About HEC Paris</b> </p>
<p>Specializing in management education and research, HEC Paris offers a complete and unique range of educational programs for the leaders of tomorrow: Masters programs, <span class="xn-person">Summer School</span>, MBA, PhD, Executive MBA, TRIUM Global Executive MBA, open-enrolment and custom executive education programs.</p>
<p>Founded in 1881 by the <span class="xn-location">Paris</span> Chamber of Commerce and Industry, HEC Paris is a founding member of the University Paris-Saclay. It boasts a faculty of 108 research professors, more than 4,500 students and over 8,000 managers and executives in training each year.</p>
<p>HEC Paris was ranked second business school in <span class="xn-location">Europe</span> by the Financial Times' overall business school ranking in <span class="xn-chron">December 2017</span>.</p>CONTACT: Julie Dobiecki, dobiecki@hec.fr, +33-6-37-39-62-99<table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="8px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:8px;font-weight:400;hyphens:auto;line-height:8px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <table class="button medium expand" style="Margin:0 0 16px 0;border-collapse:collapse;border-spacing:0;margin:0 0 16px 0;padding:0;text-align:left;vertical-align:top;width:100%!important"><tr 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