Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, semiconductor and optical industries) says that Raja Parvez has stepped down as CEO and as a member of the board of directors.
To ensure a smooth transition, the board has appointed chief financial officer William Weissman as interim CEO 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.
Rubicon says that Parvez has played a leadership role at the firm since 2006 and has been key to its vertical integration strategy as well as 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,” says Aquilano. “Raja has worked diligently to lead the company through challenging cycles and transitions in our industry,” he adds.
