Universal Display Corporation Names Richard C. Elias to Its Board of Directors

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EWING, N.J.—Richard Elias has joined the board of directors of Universal Display Corp. (Nasdaq: OLED), a leader in developing and delivering state-of-the-art, organic light emitting diode (OLED) technologies, materials and services to the display and lighting industries.

Elias retired April 1, as reported by VMail after spending over 38 years with PPG Industries in various roles, most recently, as senior vice president, optical and specialty materials, and CEO, Transitions Optical, Inc.

“We are pleased to welcome Rick to our board of directors and look forward to his contribution as we grow along with the expanding OLED display and lighting markets,” said Steven V. Abramson, president and CEO of Universal Display. “Rick is a great fit for our organization, bringing decades of experience in growing successful, global businesses that will support our strategic planning and execution as we build shareholder value.”

Elias began his career as a chemist with PPG in 1975, where he developed the vision, strategic planning and execution to become one of the company's leaders. He was responsible for building new revenue channels for PPG, managing a global team of over 1,200 employees. He received a B.S. in chemistry from the University of South Carolina, and earned a Master of Business Administration degree from Marquette University.

“I am delighted to join Universal Display’s board. UDC is an exciting company whose technology could truly transform industries,” said Elias. “I have had a front row seat to watch the company grow from a small research and development company to a global technology and materials player. I look forward to working with my fellow board members and company management to position Universal Display on its path as a leader in the burgeoning OLED market.”

Elias has also served on various boards of directors for other organizations. He currently serves as a member of the board of trustees of The University of Tampa and a member of its Educational Affairs Committee; as a member of the board of trustees of the International Council of the Tampa Bay Region; and on the national board of Prevent Blindness. He was chairman of The Vision Council of America (VCA), a nonprofit trade association for optical industry suppliers that promotes the eyecare and eyewear industry, as well as a board member of Prevent Blindness Florida. Elias is also on the advisory board of VisionCareInventing.com.