This is our Powerlist 2014 profile of corporate venturing industry icon Fan Munce, who we reveal today is retiring from IBM.

The top 25: #4 Ralf Schnell, Siemens Venture Capital.

The top 25: #3 Charles Searle, Naspers

We republish our article for our last Powerlist, when outgoing Qualcomm Ventures head Nagraj Kashyap came second in the definitive list of the most important people in corporate venturing.

The top 25: #1 Arvind Sodhani, Intel Capital.

Arvind Sodhani topped Global Corporate Venturing's Powerlist, after an awards ceremony in Half Moon Bay, California. We look at why Sodhani was ranked by GCV as the most powerful person in corporate venturing.

She currently serves as provost at Southern California University.

Robert Mittendorff, Sumer Juneja and Lisa Wu have all been promoted, with the former two set to act as principals.

Anna Westerberg has moved from Volvo Penta, Volvo's engine manufacturing division, to its corporate venturing unit, where she has been appointed president.

Beth Comstock, who heads up GE's corporate venturing unit, is set to take the reins at its lighting division, leading to greater integration with lighting technology start-ups.