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NAKFI 2008 - Complex Systems
Biography

Richard N. Foster
Richard Foster is Managing Partner of Millbrook Management Group, LLC.  Prior to forming Millbrook Mr. Foster was with McKinsey & Company for 30 years.  Mr. Foster retired from McKinsey in 2004. While at McKinsey he served as a Senior Partner and Director for 22 years.  Mr. Foster co-founded the firm’s high technology practice in the late ‘70s, the chemicals practice in the early ‘80s, the healthcare practice in the late ‘80s, and the private equity practice in the 1990s.  He also led McKinsey’s worldwide knowledge development from 1995 to 1998.  Mr. Foster served over fifty leading global companies primarily in healthcare, electronics and chemicals as well as a number of non-profit institutions. 

Mr. Foster’s research interests are in the relationships between capital formation, innovation and regulation.  Mr. Foster has written two best selling business books: “Innovation: The Attacker’s Advantage” (1986) and “Creative Destruction” (2001), that focus specifically on the relationships between technological change, innovation and capital formation and destruction.  In 1999 2000, Mr. Foster led the Study Group for the Council on Foreign Relations on Innovation and Economic Power which led to the publication, “Technological Innovation and Economic Performance” (Steil, Victor, and Nelson, editors, Princeton University Press, 2001). 

Mr. Foster is a member of the board of directors of:
  • Memorial Sloan Kettering Cancer Center (Chairman of the Organization and Policy Committee, Member of the Executive, Compensation and Nominating Committees)
  • Yale School of Medicine Dean’s Advisory Board
  • Yale School of Management, Dean’s Advisory Board
  • W. M. Keck Foundation (Executive Committee) 
  • Council of Foreign Relations (Nominating and Membership Committees)
  • Council for Aid to Education (Chairman, Strategy Committee)
  • athenahealthcare (Chairman of the Governance Committee)
  • Trust Company of the West, a wholly owned subsidiary of Société Général (Audit Committee)
  • Cardax Pharmaceuticals

Mr. Foster received is BS, MS, and PhD from Yale University in Engineering and Applied Science.  He is a Fellow of the American Academy of Arts & Sciences.