On behalf of the AACSB Board of Directors and the CEO Selection Committee, it is my privilege to announce that Lily Bi has been selected as AACSB’s president and CEO and will officially begin her role on Monday, June 26, at the Tampa, Florida, USA, office.
Lily Bi brings over 30 years of experience in strategy setting, global growth and development, internal audit, and technology innovation. Bi has held executive positions in multiple industries, corporations, and nonprofit associations across the United States, Japan, Singapore, and China, including the Institute of Internal Auditors (IIA), the Internal Audit Foundation, and Kirin Holding Company. At the IIA, she leads the global standards setting, provides strategic direction for global certifications, and oversees global research and academic programs. Working with IIA affiliates in over 100 countries and territories, Bi is responsible for the growth of 26 million USD in revenue in various IIA areas. She received a Doctor of Business Administration from the University of South Florida and is a Certified Internal Auditor. She is multilingual, with fluency in English, Japanese, and Chinese.
Lily Bi’s confirmation as president and CEO is the result of an extensive global recruitment and selection process that commenced in February 2023. A selection committee was appointed consisting of AACSB board volunteers. Under the leadership of AACSB Board of Directors vice chair-chair elect and dean of Johns Hopkins Carey Business School, Alex Triantis, the committee enlisted the support of global consulting firm Korn Ferry to guide them through the many phases of recruitment and selection. The candidates included a strong mix of esteemed leaders from a diverse range of backgrounds and experiences.
Please join me in welcoming Lily Bi to AACSB and thanking the selection committee and board for their efforts. We are positive about the future and all that we will accomplish under her leadership. With the support of the executive team, board, volunteers, and staff, we will continue to energize and rally business schools to lead boldly.
We are also grateful to Caryn Beck-Dudley for her service as president and CEO and a long-time AACSB board member and volunteer. Prior to her retirement in May, Caryn led AACSB through the pandemic and adoption of the AACSB 2020 business accreditation standards as well as advanced diversity and societal impact initiatives, strengthened AACSB’s data capabilities, and elevated the value of business schools and their connection with business globally. We wish Caryn all the best and thank her for her service.
Best Regards,
McRae C. Banks
Chair, AACSB 2022–23 Board of Directors
Margaret & Harrell Hill Distinguished Professor and Dean
Bryan School of Business and Economics
The University of North Carolina at Greensboro
