Innovation New Jersey
  • Home
  • Our Coalition
    • Contact Us
  • News
  • Resources
    • State Supports
    • Federal Supports
    • Higher Ed Supports
  • Join Us

Innovation News

Everything Innovation. Everything New Jersey.
Follow us and stay connected.

NJIT School of Management to Change Name to The Martin Tuchman School of Management

1/15/2016

0 Comments

 
​Newark, NJ ― The New Jersey Institute of Technology’s (NJIT) School of Management (SOM), which shapes students to become technology leaders, managers and powerbrokers, will be named March 3, 2016, in honor of distinguished alumnus Martin Tuchman.
 
This is the first time in the school’s 27-year history that it will carry a formal name: The Martin Tuchman School of Management.
 
Tuchman, a philanthropist and entrepreneur, earned his bachelor’s in mechanical engineering from NJIT in 1962.  Soon after, Tuchman started his career at Railway Express Agency as an automotive engineer. 
​In this position he and a team of shipping engineers developed the current standard for intermodal containers and chassis. The purpose of the innovation was to allow for total interchangeability of equipment in every mode: rail, truck and ship, as well as structural integrity. The standard is still in use.
 
“Marty Tuchman has always been an innovator in technology and business, and an alumnus who is generous with his time on the behalf of his alma mater.  He has been a longtime adviser and friend to me personally and to the university,” said NJIT President Joel S. Bloom.
 
“He’s an exemplar for our students who need to understand the interstices of technology, business and life in order to succeed,” Bloom continued.  “We’re honored and delighted to have the School of Management named after Marty Tuchman.”
 
In 1968, Tuchman and his colleague Warren Serenbetz founded Interpool, one of the nation’s leading container leasing corporations.  In 1987, just a year before SOM was founded, Tuchman formed Trac Lease and developed it into the largest chassis leasing company in the United States. In July 2007, Tuchman sold Interpool to a private equity firm for approximately $2.4 billion.
 
Tuchman said, “I believe so strongly in NJIT’s programs and vision that I provide support through time and resources for its endeavors.  The leadership and faculty are devoted to propelling NJIT to the next level by focusing on the hands-on principles that engineers and others will use throughout their careers.
 
“I’m particularly excited about the new direction of the School of Management and its attention to the critical intersection of management and technology,” Tuchman added.
 
Tuchman has served and supported NJIT throughout the years, and was the recipient of the Alumni of the Year Award (1996), served as a member of NJIT’s Board of Trustees (1996-2002) and is currently a member of the NJIT Board of Overseers.
 
A loyal Highlander, Tuchman made his first donation as a young alumnus, just a few years after graduation. Since, he has generously given for scholarships and to support other causes, culminating in a recent gift.
 
Born in New York but raised in New Jersey, Tuchman currently is the chief executive officer of the Kingstone Capital V, an investment firm with holdings in real estate, banking and international shipping. Additionally, Tuchman serves as chairman of The Tuchman Foundation, which is an umbrella company for the Tuchman Foundation and Parkinson’s Alliance, which works closely with Parkinson’s research organizations that seek grants and approval from the National Institute of Health.
 
“It’s that groundbreaking spirit of innovation coupled with a true concern about the world around us, which Mr. Tuchman embodies, that we hope to instill in our students,” said SOM Dean Reggie Caudill. “He has succeeded in the professional world and used his resources to make the world a better place for those less fortunate. He has a pioneering way of looking at business and what it means to be successful. We like to call that STEM2, or expanding the power of STEM by adding the management component.”
 
SOM focuses on delivering highly valued-academic programs that are business focused, technology integrated and experientially driven to educate and prepare students not only to be competitive in today’s business world but also to excel and be leaders in the future. SOM is business with the power of STEM.
 
“Having the School of Management named after my family is a great honor,” said Tuchman. “The school focuses on creatively solving new world business problems in our technology driven economy and that is exciting. I look forward to witnessing the new opportunities available to the next generation of entrepreneurs.”
 
Tuchman, who earned his MBA at Seton Hall, devotes his free time to numerous boards and philanthropic enterprises. Some of the organizations include: the American Cancer Society of Mercer County, Trenton Area Soup Kitchen, Parkinson’s Disease Foundation at Columbia Presbyterian Hospital in New York, Robert Wood Johnson-Hamilton, the United Nations Association of the United States of America, and the New Jersey Commission on National and Community Service. In banking, he served on Yardville National Bank’s board of directors and currently serves as Chairman of First Choice Bank in Lawrenceville. In addition, Tuchman serves as Advisor on National Security to Congresswoman Carolyn B. Maloney of the 14th Congressional District.
 
Tuchman is also the recipient of numerous awards and honors including: being named as Entrepreneur of the Year by Ernst & Young LLP (1995); recognized by Cisco Systems for receiving the Grand Prize as part of the “Growing with Technology Awards” program for small and medium-sized businesses that are networked for growth through the innovative use of networking technology and the Internet (1999); and for preparing an extensive case study of Interpool, Inc. for the 2000 Computerworld Smithsonian Collection, which resulted in a nomination for the world Smithsonian Award and the awarding of the Hero medal (2000).
 
Tuchman’s gift is part of the NJIT NEXT comprehensive campaign, which exceeded its $150 million goal two years early to become the largest fundraising effort in university history. The campaign, which raised $153,700,251 or 102 percent of the goal by June 30, 2015, supports scholarships, faculty fellowships, endowed chairs, programs and facilities. On Nov. 12, 2015, the NJIT NEXT campaign was extended to raise an additional $50 million.
 
More than 19,000 donors contributed gifts to NJIT NEXT since its launch in July 2007. Of those gifts 75 were leadership contributions of $250,000 or more, including several multimillion-dollar donations. To date, the NJIT NEXT campaign has raised more than $160 million.
 
One of the nation’s leading public technological universities, New Jersey Institute of Technology (NJIT) is a top-tier research university that prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT’s multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills.  
 
With an enrollment of 11,000 graduate and undergraduate students, NJIT offers small-campus intimacy with the resources of a major public research university.  
 
NJIT is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering, and cyber-security, in addition to others. NJIT ranks 5th among U.S. polytechnic universities in research expenditures, topping $110 million, and is among the top 1 percent of public colleges and universities in return on educational investment, according to PayScale.com.
 
0 Comments



Leave a Reply.

    Do not miss a single innovative moment and sign up for our newsletter!
    Weekly updates


    Categories

    All
    3D Printing
    Academia
    Acquisitions
    Aerospace
    Agriculture
    AIDS
    Algae
    Alumni
    Animals
    Architecture
    Astrophysics
    Autism
    Awards
    Big Data
    Bioethics
    Biofuel
    Biomedical
    BioNJ
    Bioterrorism
    Bit Coins
    Brain Health
    Business
    Camden
    Cancer
    CCollege
    Cellular
    Centenary
    Chemistry
    ChooseNJ
    Climate Change
    Clinical Trials
    Cloud Tech
    Collaboration
    Computing
    Congress
    Coriell
    Council On Innovation
    Crowdfunding
    Cybersecurity
    DARPA
    Defense
    Degree
    Dementia
    Dental Health
    DOC
    DOD
    DOE
    Drew
    Drones
    Drug Creation
    Einstein's Alley
    Electricity
    Energy
    Engineering
    Entrepreneurship
    Environmental
    FAA
    Fairleigh Dickinson
    FDA
    Federal Budget
    Federal Government
    Federal Labs
    Federal Program
    Finance
    Food Science
    Fort Monmouth
    Fuel Cells
    Funding
    Genome
    Geography
    Geology
    Global Competition
    Google
    Governor Christie
    Grant
    Hackensack
    HackensackUMC
    Health Care
    Healthcare
    HHS
    HINJ
    Hospitals
    Immigration
    Incubator
    Infrastructure
    International
    Internet
    Investor
    IoT
    IP
    IT
    Jobs
    Johnson & Johnson
    K-12
    Kean
    Kessler
    Legislation
    Logistics
    Manufacturing
    Medical Devices
    Med School
    Mental Health
    Mentor
    Microorganisms
    Molecular Biology
    Montclair
    NAS
    Neuroscience
    Newark
    New Jersey
    NIFA
    NIH
    NIST
    NJBDA
    NJBIA
    NJ Chemistry Council
    NJCU
    NJDOLWD
    NJEDA
    NJEDge
    NJHF
    NJII
    NJIT
    NJMEP
    NJPAC
    NJPRO
    NJTC
    Nonprofit
    NSF
    OpEd
    Open Data
    OSHE
    OSTP
    Parasite
    Patents
    Paterson
    Patients
    Perth Amboy
    Pharma
    POTUS
    PPPL
    Princeton
    Prosthetics
    Ranking
    Rare Disease
    R&D Council
    Report
    Resiliency
    Rider
    Robotics
    Rowan
    Rutgers
    SBA
    Seton Hall
    Siemens
    Smart Car
    Smart Cities
    Software
    Solar
    Space
    SSTI
    Startup
    State Government
    STEM
    Stevens
    Stockton
    Subatomic
    Supports
    Sustainability
    Taxes
    TCNJ
    Teachers
    Telecom
    Therapy
    Thermodynamics
    Transportation
    Undergraduate
    USEDA
    Verizon
    Video Game
    Virtual Reality
    Water
    WHO
    William Paterson
    Women In STEM
    Workforce Development

Home   Coalition   News   Resources   Events   Join Us
Picture
Innovation New Jersey Coalition
10 West Lafayette Street
Trenton, NJ 08608
732-729-9619