Hoboken, New Jersey – The Stevens Institute of Technology Board of Trustees has reappointed Dr. Nariman Farvardin president of the university. Dr. Farvardin was named president of the university in 2011 and is its seventh president. His reappointment is an affirmation of Dr. Farvardin’s pivotal role in Stevens’ recent ascent—in the academic caliber and growth of undergraduate and graduate students, in research expenditures and output, in philanthropic support, and in graduates’ career outcomes.
Virginia P. Ruesterholz, chairman of the Stevens Board of Trustees, said: “We are very pleased that Dr. Farvardin will continue as President of Stevens Institute of Technology. Since his arrival in 2011, Stevens has greatly enhanced its position as a global leader in education, research, and innovation. We look forward to continued progress under his leadership.”
Lawrence T. Babbio, chairman emeritus of the Board of Trustees of Stevens Institute of Technology, said: “Nariman Farvardin epitomizes Stevens Institute of Technology’s commitment to excellence in all we do. He is a visionary and highly competent leader, and by every important measure, Dr. Farvardin has met and exceeded the goals and objectives the board has set for him and for Stevens. We have an ambitious agenda for Stevens’ future, and we know Dr. Farvardin is the right person to continue to lead our great institution.”
Dr. Nariman Farvardin, President of Stevens Institute of Technology, said: “I am immensely honored and extremely grateful that the Board of Trustees has asked me to continue to serve as president of Stevens for another term. It is truly a joy to work hard at something you love, and I love my job. I am convinced that Stevens’ brightest years are ahead. And, I must acknowledge the dedication and collaboration of our faculty, staff and alumni who care deeply about advancing Stevens and are working tirelessly toward this goal.”
Under Dr. Farvardin’s leadership, the university has enjoyed an impressive trajectory across many important domains:
- Demand for a Stevens education, expressed as the number of undergraduate applications, has doubled in the last five years, in parallel with an increase of 75 points in the average SAT scores of incoming students over the same period.
- Graduate applications between 2010 and 2014 grew by 60 percent with a marked increase in selectivity.
- During the past three years, philanthropic support to Stevens increased 383 percent.
- The university has attracted talented faculty from prestigious institutions such as MIT, CalTech, Princeton, and the University of Michigan.
- In fiscal 2014, the university received more than $31 million in research grant funding from 111 new awards, including $6.6 million awarded by the Port Authority of New York and New Jersey for infrastructure protection and $3.2 million in support received from the National Science Foundation (NSF) to continue preparing Stevens graduates for careers in cybersecurity.
Recently, Stevens Institute of Technology was again ranked as a top university for return on investment for students according to PayScale, a salary, benefits and compensation information company. In the 2015 PayScale report, Stevens was ranked #3 in the nation, maintaining its elite status with other universities and placing ahead of Princeton University, MIT, and Harvard University. In 2015, The Princeton Review ranked Stevens #3 in the nation for career placement in its report “Colleges That Pay You Back.”
Dr. Farvardin’s new contract will begin July 1, 2016 and extend for a period of five years, with an annual salary of $780,000. Before he was named Stevens President in 2011, Dr. Farvardin was provost at the University of Maryland. Prior to becoming provost, Dr. Farvardin served as dean of the University of Maryland’s A. James Clark School of Engineering and, before that, as chair of the Department of Electrical and Computer Engineering. He also served as professor of electrical and computer engineering. Dr. Farvardin is a Fellow of the Institute of Electrical and Electronics Engineers (IEEE) and a Fellow of the National Academy of Inventors. In 2013, he was selected by the New Jersey Technology Council as CEO of the Year. Dr. Farvardin has been awarded the National Science Foundation Presidential Young Investigator Award, the George Corcoran Award for Outstanding Contributions to Electrical Engineering Education, and the Invention of the Year Award (Information Sciences) from the University of Maryland. In January 2003, he was selected by The Washington Post as one of the “Five to Watch” in 2003.
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 6,800 undergraduate and graduate students collaborate with more than 380 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, maritime security, 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.