Steven Saperstein has been named chair of the NJIT Foundation Board of Directors.
The appointment is effective, Jan. 1, 2025.
The foundation board is responsible for stewarding the university’s endowment and supporting fundraising efforts.
NJIT also announced that Michael Pages has been appointed to chair the Joint Investment Committee of the NJIT Foundation. The JIC is entrusted by the Board of Trustees and the Foundation Board of Directors to manage NJIT’s pooled endowment funds of approximately $185 million.
Saperstein, formerly the chief operating officer of PGIM Fixed Income, has a remarkable track record of leadership. While at PGIM, the firm’s assets under management increased from $150 billion to $850 billion. Saperstein also spearheaded new investment platforms and established operations in key global cities. His governance experience includes chairing oversight committees for various regulated entities.
A long-time supporter of NJIT, Saperstein has served on the boards of visitors for two colleges and led the NJIT Alumni Association as president. In 2012, he was awarded the Edward F. Weston Medal for his outstanding personal, professional and civic achievement and commitment to NJIT.
Saperstein said he aims to enhance partnership with NJIT’s corporate and industry partners by leveraging the Office of Corporate Engagement. Working closely with the Office of Development & Alumni Relations and President Teik C. Lim, he plans to further enhance the Foundation Board of Directors, ensuring it supports the university’s strong growth and new strategic plan.
Saperstein expressed his gratitude for the immediate past board chair, Robert Medina, who laid a strong foundation for future success. Medina will continue to serve NJIT in key roles, including as Chair Emeritus of the Hispanic and Latinx Leadership Council.
