Edward J. Bishof, Sr.
New Jersey Institute of Technology (NJIT) President Joel S. Bloom announced the appointment of Edward J. Bishof, Sr. of Freehold, as NJIT’s senior vice president for finance and chief financial officer (CFO) following a national search. The appointment of Bishof, who has been serving as interim vice president for finance and treasurer, is effective immediately.“Ed Bishof possesses a unique combination of strategic planning, budgeting and financial management abilities that will provide vision and direction to the university’s budgeting and financial affairs while addressing current funding issues facing higher education in general and NJIT in particular,” said President Bloom.
Bishof’s professional experience spans more than three decades of active engagement in strategic financial management including budgeting, planning and forecasting. For the past 27 years, he has been a key member of the senior vice president for finance and administration/treasurer’s cabinet where he has witnessed the university’s growth from an approximate $80 million budget to a budget currently exceeding $425 million.
Initially appointed as NJIT’s budget director in 1988, Bishof has developed strong enterprise-wide relationships with peers, division heads, faculty, researchers, administrators, staff, alumni and students with an honest, open, straight-forward approach. He has been actively engaged in numerous campus initiatives, including the 2020 Vision: The NJIT Strategic Plan steering committee, co-chairing the subcommittee on investments, as well as the 2012 Middle States Accreditation steering committee, chairing the Banner implementation committee (2008-2013) - the Enterprise Resource Planning (ERP) implementation of the student, finance and human resources systems, which were all successfully launched on-time and within budget. Bishof was also an active participant in the shared governance system, which has been recently implemented.
Bishof has also served for many years as an adjunct professor in the department of mathematical sciences, where he appreciates the interaction with students in their academic environment. This provides him with a different perspective of student engagement beyond the financial data.
Serving as NJIT’s senior vice president for finance and CFO, Bishof’s initiatives will include developing three five-year budget and financial models based on key performance measurements maintaining and strengthening the financial status of NJIT by enhancing business opportunities directly supporting the mission of the university; improving banking services for students, employees and business operations; and making NJIT’s daily business operations more collaborative and transparent.