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Lake Forest Graduate School of Management company history timeline

1946

In 1946 Lake Forest College launched the Industrial Management Institute (IMI), a continuing education program initially aimed at updating people returning from the service to the rapidly changing fields they had left a few years earlier for wartime service.

It opened in 1946 and has satellite campus in Schaumburg, Illinois.

To address the issue, three companies, Abbott Laboratories, Fansteel Metallurgical Corporation, and Johns-Manville Products Corporation joined with Lake Forest College to form the Lake Forest College Industrial Management Institute (IMI) in 1946.

1962

The establishment in 1962 of a Phi Beta Kappa chapter recognized the drive for excellence that characterized the period.

1965

In 1965 Lake Forest Graduate School of Management became an independent, non-profit organization and has continued to build its high-performance, results-oriented, leadership approach to learning.

1970

Eugene Hotchkiss III, an experienced administrator raised on the North Shore, became president (1970-93), reaffirming the effort to establish the educational quality that had been targeted in the previous decade.

1996

Dramatic change in the distribution of information was recognized in the merging of the library and information technology in 1996.

2001

Early in 2001 the College announced the appointment of Stephen D. Schutt as the College’s 13th president.

2007

The College celebrated its sequicentennial, its 150 years of history, in 2007, in an era of historic progress in many areas.

2010

The latter has been achieved through a more diverse and international student/faculty community and by enhanced opportunities for off-campus study, boosted by the $7 million Grace Groner ’31 study abroad and internship legacy of 2010.

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Founded
1946
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Headquarters
Lake Forest, IL
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