Rubicon Technology Announces Change in Executive Leadership

Date Announced: 17 Sep 2014

William Weissman appointed interim CEO as board initiates search to replace departng Raja Parvez.

BENSENVILLE, Ill.--(BUSINESS WIRE)--Rubicon Technology Inc. (RBCN) today announced that Raja Parvez will step down as Chief Executive Officer and as a member of the Board of Directors, effective immediately. The Board has appointed William Weissman, currently CFO, as interim CEO to ensure a smooth transition and to lead Rubicon’s executive team. Chairman Don Aquilano will lead a Board search for a permanent CEO with the assistance of a leading executive search firm.

Mr. Parvez has played a leadership role at Rubicon since 2006 and has been key to the Company’s vertical integration strategy as well as market-leading product innovation.

“On behalf of the entire Rubicon Board, I want to thank Raja for his leadership, passion and the many important strategic initiatives he has driven for the company. Raja has worked diligently to lead the company through challenging cycles and transitions in our industry,” said Aquilano.

Source: Rubicon Technology

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