HUDSON COUNTY — The Stevens Institute of Technology in Hoboken came under intense heat last year when New Jersey Attorney General Anne Milgram filed a lawsuit alleging mismanagement and overcompensation.
Friday, Stevens and Milgram settled the suit, according to Stevens officials.
As a result, Stevens President Harold Raveche will resign his position on June 30 and the school will submit to a series of accountability and governance improvements.
According to Stevens, retired New Jersey Chief Justice James R. Zazzali will continue working with the Board of Trustees to make recommendations on governance improvements.
For more information, see the Hoboken Reporter this weekend or click on www.hudsonreporter.com Sunday. — TJC
Stevens Institute of Technology Pres. Raveche to resign June 30
