Update from the Foundation Board

Overview

Update from the Foundation Board 2019 -2020


Stichting Nyenrode, Nyenrode Foundation, holds the shares in Nyenrode University and is the owner of the Nijenrode estate.  As the Foundation Board we are responsible for the supervision on Nyenrode University and its Executive Board as well as responsible for the estate. Jan Nooitgedagt chaired the Foundation Board from 2013 and stepped down as chairman of the board in December 2019 when I took over his role.  

During Jan’s time as chairman, Nyenrode has modernized its governance, started a process for developing a new strategy, invested in the estate and the castle, and laid the foundation for sound business practices. We have expanded our location on the Keizersgracht in Amsterdam into a fully-fledged secondary campus where, starting in the summer of 2020, the BSc in Business Administration will also be offered alongside the Full-time MBA and Full-time MSc in Management.  

I would like to sincerely thank Jan Nooitgedagt for his many years of service to Nyenrode. Stichting Nyenrode and the university are in good shape; a solid foundation has been laid for the future. I am very honored to take over the chair position from him.  

The board of Stichting Nyenrode includes an Executive Committee as well as the following advisory committees: Audit Committee, Real Estate Committee and Remuneration Committee. Paul van der Heijden and Jeroen van den Biggelaar joined as new members last year, and with Doede Vierstra’s appointment as chair of the Audit Committee in the spring of 2020, our board will soon be back at full strength. This is important, because many challenges lie ahead of us.  

Developments in the areas of digitization, geopolitics and sustainability are leading to new expectations for responsible leadership and placing different demands on the programs at our university. At the end of 2019 we began formulating a new strategy for the university for the period of 2020-2024. This strategy will be finalized and subsequently implemented in the near future. 

After the Rector Magnificus, Miša Džoljić, announced that he would step down from his role in 2020, the board began the search for his successor and was happy to appoint Prof Dr Koen Becking, who will start as of October 1, 2020.  
Financially, we anticipate substantial costs for the sustainable preservation of our heritage in the years ahead, and we hope to make significant investments in our educational facilities on the campus in Breukelen.  

However, in the spring of 2020 we were confronted with a new reality, due to the corona pandemic and government measures to control the spreading. The board was very pleased that the university managed to arrange within one week that all lectures were offered in a digital way and physical meetings were replaced by remote classes. Numerous other measures have been put in place for the safety of our students, participants and employees and to keep business running in order to diminish the impact of the pandemic on our organization and our community as much as possible. At the same time, developments in areas such as blended learning and digitization that were already progressing, were speeded up substantially. Of course, the pandemic continues to create health risks and brings uncertainties, also with financial consequences that are still hard to oversee at this moment. 

However, we have it in us to shape our own recovery and to help Dutch and international business with theirs as well through our contributions to the education of the (future) business leaders and to research. We have done so before, although, of course, in a completely different context and under other circumstances. In fact, helping the economy to recover from world war II was the reason for our foundation back in 1946. And now almost 75 years later, we again can make a difference in managing and in the recovery from what is expected to be the largest crisis since world war II.  

I am very proud how we have all worked from our Nyenrode LES values in this difficult period to challenge the current crisis. I would like to sincerely thank the university board, all faculty members and staff at Nyenrode for their enormous contributions to the university in 2019-2020. 

Petri Hofsté
Chair of Nyenrode Foundation

Petri Hofsté has served as a board member of Stichting Nyenrode since 2014. She additionally holds various roles as a supervisory director at Achmea, Fugro, PON and Rabobank. She studied business administration, business economics and accountancy. Petri Hofsté is a Nyenrode alumna.

Doede Vierstra appointed as a member of the Nyenrode Foundation Board

On April 7th, drs. Doede Vierstra (1958) was appointed as a member of the Nyenrode Foundations Board and as new chairman of the Audit Committee. He will assume the office of Petri Hofsté, who was appointed Chairman of the Board on January 1st.. As chairman of the Audit Committee Vierstra is also a member of the Executive Committee. All appointments are for a period of at least 4 years.

Vierstra has broad experience as a supervisor and director. He is a former CFO of Friesland Foods and NUON and currently a director on behalf of the Ondernemingskamer. He is also chairman of the Supervisory Board of Stedin and a member of the LUMC. Until March this year, he acted as an interim chairman of the Coörperatie SURF U.A., a collaboration organization in the field of IT facilities and IT innovation of Dutch education and research institutions. He is also chairman of the Supervisory Board KNGF Guide Dogs.

The Nyenrode Foundation Board is a shareholder of the university and owner of the castle and the Nijenrode Estate.

8/31/2020