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Raja Parvez of Rubicon Technology, Inc. (NASDAQ:RBCN) To Step Down As The CEO of the Company

Boston, MA 09/18/2014 (wallstreetpr) – According to reports, the senior leadership team of Rubicon Technology, Inc. (NASDAQ:RBCN) is going through a transition process. The most unexpected change has been made public in the form of Raja Parvej’s decision to step down as the Chief Executive Officer and board member of RBCN.

Insights of leadership change decision:

Mr. Parvej will have to step down from both the positions immediately as RBCN has appointed William Weissman as the interim CEO of the company. Currently, he serves Rubicon Technology, Inc. (NASDAQ:RBCN) as the Chief Executive Officer, but his duties and powers will increase after the new responsibility handed over to him by the company. The main objective of appointing him as the interim CEO is to ensure that all the operations of the company are executed efficiently. At the same time, Rubicon Technology, Inc. (NASDAQ:RBCN) needs someone to lead the executive team in order to keep them united as a team and motivate them to give their 100% to take the company on newer heights. At the same time, current Chairman Don Aquilano will lead a team of senior executives in order to find a permanent CEO for the company. He will also take assistance from a top notched executive search firm.

Mr. Parvej has played an important role in order to take the company on heights that it sits on today. He took up the leadership role way back in 2006 and since then has been an important pillar for establishing and executing well-acclaimed market-leading product innovation process and vertical integration strategy of RBCN. While talking to reporters, Aquilano said that he was extremely thankful to Raja Parvej, who took the leadership position in a difficult time and passionately worked towards taking the company on an advanced level. He led from the front and became an example for young leaders. Aquilano further added that Rubicon Technology, Inc. (NASDAQ:RBCN) would soon announce the name of its new CEO.

Published by Fiona

Fiona is a finance graduate and an expert in analyzing market trends.

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