Based on reports by Stevens’ Office of University Communications

Stevens Institute of Technology has named Dr. Nariman Farvardin, the Provost at the University of Maryland, College Park, as its seventh president, the university announced on Jan. 18. Dr. Farvardin, who was chosen after a nine-month search, will take office on July 1, 2011.

“Following an extensive and thorough search for the seventh president of Stevens Institute of Technology, we are very pleased to introduce Dr. Farvardin to the community,” said Larry Babbio ’66, chairman of the Stevens Board of Trustees. “He has the vision and experience to further Stevens’ position as a global leader in education, research and innovation.

“The Board would like to thank Provost George Korfiatis, under whose leadership as Interim President Stevens thrived and grew during a time of critical transition.His contributions across the entire community are highly appreciated and valued,” Babbio said. “On July 1, once Dr. Farvardin has assumed the Presidency, Dr. Korfiatis will continue in his role as Provost and University Vice President at Stevens.”

Korfiatis began his interim presidency when Harold J. Raveché resigned effective June 30, 2010.

While Dr. Farvardin will officially start with Stevens in July, he began meeting with the greater Stevens community in January, with several “welcome events” held on Jan. 26 on campus with students, faculty and staff. The events included receptions and a large gathering at De Baun Auditorium, which was filled to capacity to warmly welcome Stevens’ new president.

As Provost at the University of Maryland, Dr. Farvardin was the chief academic officer at an institution with 12 academic colleges and schools offering 127 undergraduate majors and 112 degree programs to more than 37,000 students. UMD employs 3,000 full-time faculty members and nearly 1,000 part-time faculty. “The search committee sought a multi-disciplinary candidate who not only exhibited impeccable credentials in a university setting but had the innovative and entrepreneurial spirit to carry Stevens forward,” said Steven Shulman ’62, Search Committee Chair. “In Dr. Farvardin, we found an outstanding individual who exemplifies the Stevens ethos and will build on its long and exceptional legacy. He is uniquely qualified to lead the University and possesses extensive experience in academic leadership, research and in developing fundraising programs.”

“I am thrilled by the opportunity to serve Stevens as its seventh President and deeply honored to have received the vote of confidence of its Board of Trustees,” Dr. Farvardin said. “In Stevens, I have found a university with a remarkable history, vibrant education and research programs, a deeply rooted culture of innovation, and caring and committed constituents. I earnestly believe in Stevens’ mission and potential, and I look forward to working with the Stevens community to propel the Institute to even higher levels of achievement.”

Prior to becoming Provost, Dr. Farvardin served as dean of the University of Maryland’s A. James Clark School of Engineering, and before that, chair of the Department of Electrical and Computer Engineering. He is also a professor of Electrical and Computer Engineering.

Under Dr. Farvardin’s leadership, the university achieved significant goals in research partnerships, doctoral studies and fundraising. He established a new Institute for Bioscience and Biotechnology Research, a collaborative effort with the University of Maryland, Baltimore, and the National Institute of Standards and Technology, and he reallocated resources to strengthen the university’s research enterprise, increasing externally funded research awards to an all-time high of $545 million in FY 2010, a 36 percent increase from three years prior.

Dr. Farvardin also coordinated a review to enhance the quality and improve graduation rates of all 83 doctoral programs at Maryland, leading to the establishment of new enrollment targets. As Dean of Engineering, he oversaw the expansion of fundraising and alumni relations activities, and planned and led the effort to attract the largest gifts in the history of the School of Engineering: $31 million to establish the University’s Department of Bioengineering and $30 million to establish a scholarship endowment.

Dr. Farvardin received his B.S., M.S., and Ph.D. degrees in electrical engineering from Rensselaer Polytechnic Institute in 1979, 1980 and 1983, respectively.

In January, the Stevens campus was buzzing with word of Dr. Farvardin’s appointment and much excitement filled everyday conversations and chat on the university’s social media outlets.

Dr. Farvardin’s appointment culminates a search in which a select group of candidates, pared down from almost 100, underwent due diligence and participated in multiple rounds of interviews. The Search Committee, chaired by Shulman and comprised of five board of trustee members, three faculty members, two current students, two non-trustee alumni and one administrator, sought a candidate whose demonstrated success in academic innovation and entrepreneurship would best lead the university forward.

Dr. Farvardin will receive a base salary of $625,000 and will be eligible for future performance-based incentives. He and his family will reside at Stevens in Hoxie House, the traditional home of the University President, and will be entitled to all benefits available to University employees. The President’s compensation was determined within the market data parameters provided by AonHewitt, an independent compensation consultant which specializes in higher education. The full Board of Trustees approved the President’s five-year contract, as the By- Laws of the University require.

“I would like to congratulate the Stevens Institute of Technology on selecting Nariman Farvardin as the future President of the Institute,’’ said James Clark, trustee emeritus of the University of Maryland and Chairman of the Board and CEO, Clark Enterprises, Inc. “I have known Nariman for some years and you could not have made a better selection. He is one of the brightest professors I know and will make a wonderful President.”

“Visionary leadership coupled with commitment for achievement are hallmarks of Nariman’s distinguished academic career. I have long admired his capacity to raise expectations and standards, to attract outstanding people, and to elevate outstanding schools to even higher levels of excellence and greatness. In addition, he has been honored by a multitude of professional and academic organizations for his engineering and research accomplishments. I can’t think of a more perfect union than Nariman and Stevens Institute of Technology,” said Dr. Jeong Kim, president of Alcatel-Lucent Bell Laboratories, former Regent of the University System of Maryland and former trustee of the University of Maryland College Park Foundation.

“I have worked with Nariman as a member of his board and consider myself a friend. He is a man of superior vision, has great leadership skills, intellect and integrity, and is one of the most effective change agents I have known, either in the corporate or the academic world,” said Phil Samper, former vice chairman, Eastman Kodak; president, Sun Microsystems Computer Corp; and CEO, Cray Research, Inc., and a member of the University of Maryland’s Engineering Board of Visitors.

For additional details on Dr. Farvardin and the presidential transition, please visit: stevens.edu/president