RESTON, Va. (June 10, 2016) – The Graduate Management Admissions Council (GMAC), a non-profit association of leading global business schools and the owner of the GMAT exam, announced today that its current president and CEO, Sangeet Chowfla, will continue in his role until 2022.
“We are delighted that Sangeet has agreed to extend his employment agreement for another six years,” said Ellen Glazerman, chair of GMAC’s Board of Directors. "Since becoming president and CEO, Sangeet has transformed the organization, establishing its strength in the market and positioning it for the future.”
Chowfla joined the organization during a period of disruption in the organization and industry. Over the past three years, he has stabilized the candidate pipeline, renewed GMAT exam growth, and ensured a strong financial foundation to enable future investment.
"Sangeet has developed the right long-term strategy for the organization and is executing it in a challenging and changing landscape.” added Glazerman. “There is no doubt in my mind that his creativity and ability to drive change make him the right leader for GMAC.”
Chowfla has won the support and trust of the board with his many achievements to date. He has led GMAC to diversify its assessment offerings. He oversaw the expansion into new markets with the NMAT by GMAC, the first ever international acquisition by GMAC, launched the Executive Assessment exam, and implemented new features aimed at streamlining and enhancing the GMAT exam experience for candidates.
“Sangeet stretches the organization’s thinking and creativity,” said Xiongwen Lu, professor and dean of Fudan University School of Management in China and a GMAC board director. “Under his leadership, innovation is becoming an important part of GMAC’s culture, in support of advances in business education around the world.”
Another key undertaking has been the redefinition of the GMAC brand, which renewed the organization’s focus on serving members and uniting the industry to solve common problems. Chowfla has also continued to create value for schools through GMAC’s professional education and training events, in addition to expanding its market intelligence and research scope to bring new insights encompassing the broader graduate management education (GME) community.
“It is a real honor to continue to lead an organization whose purpose is to ensure that, within the GME community, talent matched with aspiration never goes undiscovered,” said Chowfla. “I look forward to working with the board and the talented and passionate staff at GMAC to continue to move us to the next level.”
Chowfla has served as president and CEO since 2014. He is a globally recognized and respected executive with deep experience in the technology, telecommunications, and venture capital sectors. Beginning his career in New Delhi with IBM/IDM, Chowfla went on to spend 18 years with the Hewlett-Packard Company in Europe, the Middle East, Asia Pacific and the United States. He culminated his tenure with the company as vice president and general manager of the Inkjet Media Division from 1995-2001. He then moved to Timeline Ventures as a partner in the venture capital partnership. In 2007, Chowfla became the chief strategy officer and executive vice president of the Mobile Services and Global Market Units of Comviva Technologies, a leading Indian telecommunications software company.
About GMAC: The Graduate Management Admission Council® (GMAC®) is the nonprofit organization of 213 leading graduate business schools from around the world. GMAC is the owner of the Graduate Management Admission Test® (GMAT®), used by more than 6,100 graduate programs worldwide — along with other products designed to help students find, connect, and apply and gain admittance to business and management programs around the world. The Council is also the owner and administrator of the NMAT by GMAC™ exam, used for entrance into graduate business and management programs in India. GMAC is based in Reston, Va., with offices in London, New Delhi and Hong Kong. The GMAT exam — designed expressly for graduate business and management programs — is continuously available at 630 test centers in 115 countries. Additional information about the GMAT exam is posted on mba.com. For more information about GMAC, please visit gmac.com/newscenter.
MEDIA CONTACT: Jennifer Garfinkel; +1 (703) 668-9805 or jgarfinkel@gmac.com