Ibargüen is a member of the board of AMR Corporation (American Airlines). Previously he served on the boards of PepsiCo, AOL, Norwegian Cruise Lines, SnagFilms, and the Citizen Advisory Committee of the Public Company Accounting Oversight Board. He is a member of the U.S. Secretary of State's Foreign Affairs Policy Board. He has also served as board chairman of PBS; the Newseum in Washington, D.C.; and the World Wide Web Foundation, founded by Sir Tim Berners-Lee. He also served on the board of the Council on Foreign Relations and SnagFilms. Ibargüen is also a member of Washington D.C. based think tank the Inter-American Dialogue.