Stevens Institute of Technology President Nariman Farvardin Honored as New Jersey Technology Council 2013 CEO of the Year

Award Recognizes Farvardin’s Impact on Stevens’ Growth as World-Class Technological Research University

9/27/2013

Hoboken, N.J.—Dr. Nariman Farvardin, president of Stevens Institute of Technology, has been named CEO of the Year by the New Jersey Technology Council, the state’s premier trade association for technology companies.

The award recognizes Farvardin’s exceptional contributions to the New Jersey technology community through his bold vision and steadfast direction in advancing Stevens to greater heights.

Farvardin is an innovative leader who—since becoming Stevens’ seventh president in 2011—has steered the university on a steady upward path. He was the driving force for the development and implementation of the university’s ambitious 10-year strategic plan, which aims to further extend the Stevens legacy to create a forward-looking and far-reaching institution with global impact.

Under Farvardin’s leadership, Stevens has made astounding progress toward becoming a world-class, student-centric technological research university which nurtures the innovative future talent to lead New Jersey’s technology workforce.

Current Stevens students are spearheading innovation in important sectors, such as sustainable energy. One interdisciplinary group of students created Ecohabit, a highly-innovative, net-zero energy “smart house” designed and constructed for the U.S. Department of Energy's prestigious Solar Decathlon competition.

The university’s graduates are also impacting the world through their rewarding careers in high-demand fields. Stevens was ranked 3rd in the nation and first in the Northeast for mid-career salaries of graduates, out of more than 1,000 colleges and universities analyzed in PayScale’s 2013-2014 College Salary Report.

Stevens is also boosting its already-vibrant ecosystem for technological innovation by faculty and students.

Six members of the Stevens community were selected for the 2013 New Jersey Inventors Hall of Fame (NJIHoF), recognizing their contributions to innovation in the state and commitment to technology-based research and entrepreneurship. Also this year, Stevens researchers were issued four patents, and a Stevens technology which uses sound processing to detect underwater vessels was commercialized. 

With joint research programs focused on critical areas of societal need—including healthcare, energy, finance, defense, STEM education and coastal sustainability—the launch of the Stevens Center for Healthcare Innovation (CHI) stands out among the university’s many exciting research developments.

And the future also looks even brighter. This fall, Stevens exceeded prior records in attracting the nation’s best and brightest students, enrolling the largest, most diverse, and most academically talented undergraduate class in university history.

As Chairman of the Board of Trustees and a Stevens alumna, “I am so proud of all that Stevens has accomplished under the leadership of President Farvardin,” said Virginia Ruesterholz, Stevens Class of 1983 and a long time executive at Verizon. “The momentum, energy and discipline he has brought to the university has been inspiring to watch and is truly contagious.  We are very fortunate to have attracted Nariman to Stevens and are sure that, under his leadership, the Stevens star will continue to rise.”

“It is an extraordinary honor to be recognized by New Jersey’s dynamic technology community,” said Farvardin. “This award speaks volumes about the entire Stevens community and points to the progress we have made in creating the next generation of STEM innovators that fuel New Jersey’s and our nation’s economy.”

Farvardin will be formally recognized alongside four other CEOs of the Year at the NJTC Leadership Summit on Oct. 31, 2013 at the NJHA Conference and Event Center in Princeton, N.J. This annual event assembles New Jersey's luminaries in high-tech and the life sciences for insightful discussions, engaging and successful speakers and practical advice for managing a more profitable company.

The 2013 CEO of the Year honorees, who represent public companies, private companies, not-for-profit institutions and educational institutions, were selected based on their vision and leadership, corporate performance, innovative business achievements and social responsibility.

“This year was particularly difficult to select those being honored from the many nominations we received,” said NJTC CEO and President Maxine Ballen. “The judges were truly challenged and did a terrific job in identifying CEOs that represent outstanding leadership, innovation and promote corporate responsibility.”

The other 2013 NJTC CEOs of the Year are: Adnane Charchour, president and CEO of Scivantage; Ashraf Lotfi, founder and CEO of Enpirion; Marianna Rabinovitch, CEO of ECI Technology, Inc.; and Dr. Ali Houshmand, president of Rowan University.

Founded in 1996, the NJTC is a private, not-for-profit membership organization which provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders. NJTC's member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the U.S.

About Stevens Institute of Technology

Stevens Institute of Technology, The Innovation University®, is a premier, private research university situated in Hoboken, N.J. overlooking the Manhattan skyline. Founded in 1870, technological innovation has been the hallmark and legacy of Stevens’ education and research programs for more than 140 years. Within the university’s three schools and one college, more than 6,100 undergraduate and graduate students collaborate with more than 350 faculty members in an interdisciplinary, student-centric, entrepreneurial environment to advance the frontiers of science and leverage technology to confront global challenges. Stevens is home to three national research centers of excellence, as well as joint research programs focused on critical industries such as healthcare, energy, finance, defense and STEM education and coastal sustainability. The university is consistently ranked among the nation’s elite for return on investment for students, career services programs and mid-career salaries of alumni. Stevens is in the midst of a 10-year strategic plan, The Future. Ours to Create., designed to further extend the Stevens legacy to create a forward-looking and far-reaching institution with global impact.