Rubicon Technology, Inc. announced that it has concluded its search for a new CEO and appointed Timothy E. Brog, as Chief Executive Officer, effective March 17, 2017. Mr. Brog has been a director of Rubicon since May 2016. Mr. Brog replaces Bill Weissman, who has resigned as Chief Executive Officer and President effective March 17, 2017.

Mr. Weissman has also resigned as a member of the company's Board of Directors effective March 17, 2017. Mr. Weissman will serve as a consultant to Rubicon Technology under terms to be agreed upon. In addition, effective March 17, 2017, Rubicon Technology appointed Susan M. Westphal as a new independent director of the Company.

Ms. Westphal is the Chief Counsel of Melissa and Doug, LLC, a leading designer and manufacturer of educational toys and children's products. Susan M. Westphal has been Chief Counsel at Melissa & Doug, LLC, leading designer and manufacturer of educational toys and children's products, since February 2016. Ms. Westphal is responsible for a range of legal, strategic, and organizational matters.

From January 2012 to January 2016, Ms. Westphal was an attorney with Brody and Associates, LLC. Prior to 2012, Ms. Westphal was an attorney at several law firms, including Epstein, Becker, & Green, p.c. Ms. Westphal's legal practice has included representing corporate clients in litigations and negotiations in commercial, real estate, and employment matters.