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Richard Foster

Emeritus Director at McKinsey & Company and Managing Partner of the Millbrook Management Group LLC

About Mr. Foster

Mr. Foster is an Emeritus Director at McKinsey & Company, Managing Partner of the Millbrook Management Group LLC, Venture Partner at Lux Capital, board member of Memorial Sloan Kettering, and Advisory Board member of Fractal Industries.Prior to forming Millbrook, Mr. Foster was with McKinsey & Company for 30 years, where he served as a Senior Partner and Director for 22 years. Mr. Foster co-founded the firm’s Private Equity, Healthcare, Chemicals, and Technology and Innovation practices. He also led McKinsey’s worldwide knowledge development and served over fifty leading global companies, as well as several nonprofit institutions.

Mr. Foster is Chairman of Ancera Diagnostics, the Lead Director at ZocDoc, and a Director at both Advantia Health and LeanTaas. He was elected a Fellow of the American Academy of Arts and Sciences and is Chair of the President’s Circle of the National Academies of Science, Engineering, and Medicine. He is a member of the Policy and Global Affairs Committee of the National Research Council at the National Academies. He led the Study Group for the Council on Foreign Relations on Innovation and Economic Power, which led to the publication of Technological Innovation and Economic Performance.

Mr. Foster is also a member of the board of directors of: Athenahealth (Chairman, Governance Committee); the Santa Fe Institute; the Oak Ridge National Laboratories; Trust Company of the West, a wholly owned subsidiary of Société Général (Audit Committee); Memorial Sloan Kettering Cancer Center (Executive and Finance Committees); Yale School of Medicine Dean’s Advisory Board; W. M. Keck Foundation (Medical Research Committee); Council of Foreign Relations (Nominating and Membership Committees); Council for Aid to Education (Chairman, Strategy Committee); a member of the Chambers Street Executive Network of Goldman Sachs; and a member of the advisory board of the Institute of Genomic Biology at The University of Illinois.

Mr. Foster has written two best-selling books: Innovation: The Attacker’s Advantage (1986) and Creative Destruction (2001). He received his BS, MS, and PhD from Yale University in Engineering and Applied Science.