London Business School announces landmark gift

Alumnus contributes seven-figure gift to fundraising campaign

London Business School today announced that David Pyott, alumnus and member of the School’s Governing Body, has made a landmark gift to its comprehensive £100million fundraising campaign.

This new gift of £4.3 million brings David Pyott’s total contribution to the fundraising campaign to £5.3 million. David's gift will support the Sammy Ofer Centre, formerly Old Marylebone Town Hall, which is currently under construction. In addition, his gift will create 15 new scholarships.

David graduated from London Business School in 1980 with an MBA. David has had a remarkable career, most recently as Chairman and CEO of Allergan, a US speciality pharmaceutical company most famous for its Botox Cosmetics and therapeutics indications. David grew the company's market value from $2bn to over $70 billion when he sold the company to Actavis earlier this year. Since then Actavis has adopted Allergan as the new corporate name.

The School's fundraising campaign was launched in 2013 to help transform the future of the School and its ability to fulfil its vision of having a profound impact on the way the world does business. position. The School’s campaign is to fund the development of Old Marylebone Town Hall (which will be known as the Sammy Ofer Centre), attract world class faculty, double its scholarships offering, invest in the latest technology, and to develop an unrestricted fund in support of the School’s strategic priorities. For more information on the significant milestones in the Campaign please visit our campaign website.