Alumnus Sandeep Mathrani Receives Fourth Stevens Degree

6/14/2011

When Sandeep Mathrani received an honorary Doctor of Engineering degree at Stevens Institute of Technology’s 2011 Commencement, he shared the story of his personal journey with the graduates and encouraged them to look at their interests and discover what truly excites them as they move forward in their careers.
 
“I’m sharing my story with you today because it really is the proverbial American dream.”
 
Mathrani currently serves as the Chief Executive Officer of General Growth Properties (GGP), the country’s second largest shopping mall owner/developer and real estate investment trust (REIT). The entire GGP portfolio totals roughly 200 million square feet of retail space and includes more than 24,000 retail stores.
 
Upon his appointment to the CEO position in October of 2010, GGP Chairman, Bruce Flatt stated, “Sandeep is an exceptionally talented individual who has a proven track record as one of the best retail executives in America. Sandeep helped build two of the highest quality retail portfolios over the past 15 years.”

A real estate industry veteran with more than 20 years of experience, Mathrani was president of retail for Vornado Realty Trust prior to joining GGP, where he oversaw Vornado’s U.S. retail real estate, in addition to the company’s India operations. Before joining Vornado, he spent eight years with Forest City Ratner, where he was executive vice president, responsible for that company’s retail development and related leasing in the New York City metropolitan area. 
 
In addition to his Master of Engineering and Master of Management Science degrees, Mathrani holds a Bachelor of Engineering degree in Civil Engineering, all from Stevens Institute of Technology. He earned both his BE and his MMS in four years, a clear indication of his dedication and commitment to education.
 
Mathrani began his Commencement remarks by stating: “I owe my foundations in Civil Engineering to Stevens. I am honored to be here to speak to you – and to obtain my FOURTH degree from Stevens.”
 
During his time at Stevens, Mathrani was engaged and active within the community. He was a member of Tau Beta Pi, the national engineering honor society, and served as secretary of (Sigma) Chi Epsilon, an organization which honors Civil Engineering students who have excelled academically and have been involved in extracurricular activities.
 
Mathrani also participated in the Athletic Association Council, a group which helped lead and organize athletic activities on campus. He was a member of the Racquetball Club, which had its first official season during his senior year. In addition, Mathrani served as co-caption of the Squash team, playing at the number one position, as well as in 36 of the 37 Duck matches during his four-year career at Stevens.
 
“It is important to find your own path,” he says. “My path was initially forged by my spirit of youthful independence.”
 
In addition to receiving this honorary degree, Mathrani has remained active in the Stevens community.
 
GGP has signed on as a sponsor of Empowerhouse, the Stevens team participating in the 2011 Solar Decathlon Competition. Of this, Mathrani states:
 
“Being a part of something that encourages sustainability and innovation is a thrill for us.  These students are the designers, builders and creative minds behind our future.   Solar power is both abundant and energy efficient.   As owners and builders of commercial real estate, we have a responsibility to both nurture and conserve our planet’s natural resources.”
 
Through their family foundation, Mathrani and his wife, Ayesha, have been instrumental in bolstering the tutoring program at Stevens, run through the Academic Support Center (ASC). More than 100 student tutors currently participate in the program each semester and now, with Mathrani's support, there will be increased opportunities for student employment on campus. Mathrani, who attended Stevens on a Rotary Club Scholarship, supplemented this by working off-campus throughout his college career. His support of the tutoring program will result in enhanced access to on-campus jobs for students, allowing them to utilize their skills and talents to benefit their fellow students.  A special room in the S.C.Williams Library will be dedicated to house the program, allowing more tutoring sessions to be held, encompassing more subjects and open to more students.
 
“Hard-work, perseverance and passion are the drivers in life. Enjoy what you do and do it well,” he asserts. “There is no limit to what you can accomplish. After all, what do you have to lose?”