Milena Ivanova
Republic of INSEAD
The 20 Years Later MBA'03D podcast editionWelcome to the Republic of Insead podcast edition and enjoy the show. So here we are – 20 years later, hopefully all the wiser, naturally smarter and as charming as ever. There were 432 of us in the 03’D vintage and certainly there are 432 unique and very interesting personal and professional stories to tell. While I cannot physically cover all, I have tried to make a selection of stories, that will keep you interested and curious and will hopefully convince you to join us on campus for reunion. The show is here to remind everyone what an interesting a...
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Episodes
E33: Clarity - "Man makes plans and God laughs." with Vip Tandon 24.05.2026 1:09:32
The MBA Partners Scholarship – in Memory of Denise Kaplan it's hard to have a 10-year plan when the GFC happens in your 10-year plan. “I just want clarity because everything's so confused right now.” George Soros Open Society Fund E29: "Time happens" with Mike Kaplan E32: "God forbid men not having an erection" with Frederique Labadie
E32: "God forbid men not having an erection!" 06.04.2026 1:00:19
Our topic today - one of the biggest, most under-researched, underfunded areas in healthcare. This is a leadership conversation. A workplace conversation. A relationship conversation. If you’re a man listening—this is your wife, your colleague, your boss, your sister, even your mother. And chances are… you have no idea what she’s going through. Now it’s time for you to step up. And that’s the only...
E31: Nazaré: "No fear, no limits!" 25.03.2026 1:22:31
Welcome to Nazaré, Portugal. A small fishing town north of Lisbon that has become the Colosseum of big wave surfing. Waves at Praia do Norte are so big and powerful that professional athletes from around the world travel here every winter to test themselves against the Atlantic. What fascinated me when I first heard my guest talk about this world…is that big-wave surfing is not really about surfin...
Hey Jeff…. Or in other words: "100 subject to 100!" 22.03.2026 26:30
Here are partial lyrics of Hey Jude by The Beatles. You figure out whether there are any parallels out there with our “Hey Jeff” Hey Jude, don't make it bad. Take a sad song and make it better. Remember to let her into your heart, Then you can start to make it better. Hey Jude, don't be afraid. You were made to go out and get her. The minute you let her under your skin, Then you begin to make it b...
E29: "Time happens" 18.03.2026 1:14:00
When Pierre Lusato wrote in our group chat “Milena, we want the podcast back!” I almost instantly received a private message from someone else, who practically said “I am ready to talk.” And so here we are. Ready to talk. I have been hoping to have this conversation for a while now, but did not know if he will ever want to have this conversation with me (or anyone else for that matter). As he said...
E28: "Let's Play" - you just never know what kind of ripples you're going to create 17.03.2024 56:36
“If you want to help a community, then by far educations is the best way to do it. I don't know if it matters so much what you teach, but as long as kids get excited about learning and get excited about going to school, that makes a huge difference.” “Just by talking about it and it inspires other people to do something similar in their communities, you just never know what kind of ripples you're...
E27: "Okay, that's a message of hope for the future." 22.12.2023 1:03:41
Top recommendations for Dean Veloso from the ‘03Ds: “Just make sure that your education is raising the bar on future management, not only in terms of technical knowledge, but in terms of values.” “The university has a great asset, it's the Alumni Network - invest more and with the expectation to get more out of it.” “Keep up the education of your alumni and give them the opportunity to get back to...
And finally… "You had your eat, pray, love moment." "I totally did. I won't be shy about it. I was very, very lucky." 04.10.2023 57:36
For me there were two options. I can be very rich and lonely 10 years down the line, or I had to change something so that I'm happy and I'm not lonely and I'm with someone that I enjoy being with. 20 YEARS IN PERSPECTIVE: I changed absolutely everything. So I was in the recruitment industry in Poland before INSEAD, and then I ended up in investment banking in Austria. The only thing I didn't chang...
Keep humming.... "You're walking on this rope with a river full of alligators below you, and you're doing a dance basically" 03.10.2023 56:04
Running your own business is like a marathon at the speed of a sprint Your mental health is under constant stress, what I realized early on is it's a very lonely space to do it, because there are very few people who do this. Quite frankly, you're dealing with more failures than successes than from the outside people see. I still remember sitting on my balcony with helicopters flying by, with soldi...
"Vanity, definitely my favorite sin" 02.10.2023 44:05
“And remember, it’s not a judgement of your performance, it’s just we don’t need this position anymore.” After selling the chain of clinics business twice, I got fired from day 1 to day 2 with the typical capitalist view, you put your things in a box and leave the premises in 2 hours type of thing. This put me in a very difficult position of trying to redefine myself as a business person, so I too...
"Business appears to be 20 smacks in the face and 1 little tickle." 01.10.2023 1:08:52
I'm sure when we started our first business together we were like “God, this is the learning one and we're just gonna smash it all the way through the rest of them”. Unfortunately hasn't quite turned out that way, it continues to be a learning experience. Turns out, there's new sh*t to learn every time. 20 YEARS IN PERSPECTIVE: The journey is the destination. If you ask me where I thought I'd be 2...
"My job is to make sure that when you wake up in the morning and decide to spend some money, you'll like spend it on me." 30.09.2023 44:30
s sana in corpore sano - it's been a great awakening, a scary awakening but now I'm in a good place. With a corporate job and globe trotting, moving international, living life as we would have dreamt of at INSEAD, you also need to have certain discipline which I did not have. When I just moved to Bangkok in 2019, I was basically living between Paris and Bangkok for close to eight months and then t...
"If you can choose between being kind or being right choose kind" said our little Lapin 27.09.2023 49:01
When you're moving as a family, the only common denominator you have is the family, so you stick together and you make sure that everybody goes through the experience in the smoothest way possible. 20 YEARS IN PERSPECTIVE: Quite a ride, it brought me through 5 different locations (Switzerland, France, Spain, Andora, Bulgaria and now Israel), 9 or 10 different positions and all with this desire, th...
The monkey does it better than us, AI is going to do it better than the monkeys. 25.09.2023 39:06
It's surprising to me that people are still amazed at the fact that banks can go bust. It most definitely will not be the last time [a bank goes bust], it's a cyclical thing. 20 YEARS IN PERSPECTIVE: “I try not to do stress.” We had initially gone to Dubai to spend 4 years there. 4 years turned into 13. All in all can't complain, it's been a good couple of decades. The challenge has been to mainta...
What I learned in politics is, you need to work with everybody 21.09.2023 40:46
When I was very young I just was interested by politics because you can influence. It's very fulfilling when you see that you can make things change. So that's really the main driver now. 20 YEARS IN PERSPECTIVE: From 2009 to 2020 I was having two hats - one was the local managing partner of EY in Luxembourg, a firm of about 1700 employees, the second one was to be the private equity leader for EM...
I now introduce myself as a farmer when people ask what I do and nobody takes me seriously 18.09.2023 42:50
If you invested all of your tuition in Apple stock, last time I checked, it was about $22 million. 20 YEARS IN PERSPECTIVE: Just over ten years ago I set up my own business with a partner from INSEAD and another friend to build, own and operate renewable energy power stations in the UK. We invested about a half a billion dollars at that time, had some great successes. I moved then to the States in...
And so I said to myself "Whatever I do next, I want to work in a place where there's a longer term horizon of doing things." 14.09.2023 36:47
The company I was working for, we were so extremely short-term focused and we almost changed strategy every three months, we were literally throwing money out of the window, just to get customers’ market share, and somehow it didn't feel right to me. I didn't have the financial understanding to really put a calculator to it, and then the company also literally almost went bankrupt at the end of th...
The fact that you can change the shape of the curve of life, like really bend the curve of life is amazing. 10.09.2023 40:31
You're basically creating miracles that fit in the palm of your hand and you're helping reimagine life for patients. 20 YEARS IN PERSPECTIVE: Givers are not good takers. I don't think of the 2000s as twenty years ago, I still think of the 80s, or the 70s as twenty years ago. I started in Singapore, then went back to the US and lived and worked in New Jersey and Chicago, then Munich, London and bac...
Please go fast, but we're going to give you the time that is required. 04.09.2023 50:28
The story of someone about to disrupt a part of medicine. “What if we were able to invent a technology, basically a new material, that would allow to repair and reconnect tissues without trauma, in an atraumatic manner, in a non-penetrating manner.” What you're trying to do is big, it is going to take time and we're going to give you time. 20 YEARS IN PERSPECTIVE: I love the last twenty years, I'm...
We got shipwrecked, luckily on this tiny island in the Filipino archipelago 30.08.2023 51:50
The adults were so weak they had to be carried off the shipwreck onto shore… Today, I lead the diabetes business in Medtronic, a global leader in medical devices. The business is about 2.3 billion, with over 5,000 employees. The story of “the person most likely to rule the planet in the future” 20 YEARS IN PERSPECTIVE: I find myself not in the mainstream part of these companies, but having a big i...
I've taken INSEAD to space and I think I've been the first one to do that. 21.08.2023 50:30
The rocket was emblazoned with the INSEAD logo and underneath that it said KacificOne, the name of our satellite, and a FORCE FOR GOOD and so it was the force for good logo from INSEAD. Force for Food is part of the famous John Kennedy speech, when he declared that by the end of the decade he would send men to the Moon. I like that reference that space can be a force for good; money can be a force...
Every time I get seduced into prioritizing wealth then I tend to make wrong decisions. 05.08.2023 45:50
But when I genuinely enjoy what I do, then I do a really good job at it and then the financial side tends to take care of itself. 20 YEARS IN PERSPECTIVE: I had realised that rather than trying to be someone else, or trying to fit into a system, the best thing I could do was focus on what I thought was right and follow my instincts. We spent what probably is the best 5 years of my life and career...
There's nothing like a crisis to force people to pivot and change: the world of travel, luxury and entertainment 30.07.2023 1:00:30
We'll break the rules because we're rule breakers 20 YEARS IN PERSPECTIVE: It was one of those things where I've always believed that you need to look inside yourself and figure out will you regret saying no to this one. And this was just one of those ones where I said yeah, this one is something I have to do. Global marketing director for De Beers diamond jewellers, an LVMH company, an amazing ki...
"The tsunami in Asia was the first of 3 tsunamis I faced in my professional life." 27.07.2023 39:01
20 YEARS IN PERSPECTIVE: “People don’t remember books; they remember sentences. More specifically, they remember stories.” Four different places in the last 20 years. I married for the second time and hopefully the last time, I also fell in love with running, so I became an avid marathoner, hopefully I'll complete the 6 majors. Corporate culture matters quite a lot, so all those OB classes were ac...
An INSEAD couple: Happiness is being able to do waffles on a Sunday morning for my daughters and my wife and spending time with them 23.07.2023 1:01:46
20 YEARS IN PERSPECTIVE: Mike Tyson, the philosopher, says that everybody has a plan until you get a punch in your face. INSEAD was a big part, a big success factor for us. We got the family out of it, but we also got pretty good jobs after. I learned to code and I wanted to go back into trading and I went into systematic trading for 5 years and then developed models for cryptocurrencies as well a...
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