Professor Madis Habakuk, founder of Estonian Business School, dies at 77

Professor Madis Habakuk, a co-founder of Estonian Business School. (EBS)
9/5/2016 2:45 PM
Category: News

Professor Madis Habakuk, economist and co-founder of the Estonian Business School in Tallinn, died at 77 on Friday.

Habakuk founded the Estonian Business School, the first private university in Estonia to offer business education, together with US professor Marshall Fitzgerald and Canadian resident Ilmar Martens in 1988. He himself worked at EBS both as a professor and a director of the school.

From its establishment until 2000, Habakuk was the President of EBS, and from 2003.2008 served as its rector. He also served as Chairman of the Board at AS EBS Group beginning in 2000.

In his reserach, Habakuk had investigated problems in management science and was the first to quantifiably measure managerial loyalty. During his lifetime he also published a number of books and in addition to Estonia shared his knowledge and experience elsewhere in the world as well.

In 1992, Habakuk received an honorary doctorate from the San Francisco Graduate School of Psychology and was made an honorary member of the Who's Who of Professionals in 1998. Beginning in 1992 he was a council member at the Central and East European Management Development Association (CEEMAN) and beginning in 2007 a council member at the European Foundation for Management Development (EFMD) as well.

In 2013, Habakuk was awarded the Lifetime Award at the Estonian Entrepreneurship Awards, while in 2014 he was bestowed the Order of the White Star, 3rd Class by Estonian President Toomas Hendrik Ilves for his contributions to the development of education.

Editor: Aili Vahtla

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