Universal Display Announces Retirement Plans of CFO Sidney D. Rosenblatt

Universal Display announced that following a remarkable 26 years with the company, Sidney D. Rosenblatt plans to retire as CFO at the end of this year. Rosenblatt will remain on the company’s Board of Directors. Universal Display also announced that Brian Millard has been appointed CFO, effective Sept. 6, 2022.

“It has been a wondrous and tireless two-and-a-half-plus decades of building and shaping Universal Display Corporation from a three-person startup to a successful global leader that continues to be at the forefront of the OLED industry,” said Rosenblatt. “I am grateful for my incredible journey at UDC and look forward to working with Brian to ensure a smooth transition.

“Sherwin (Seligsohn), Steve and I took this company public in 1996 with one patent pending, a research contract with Princeton University and a vision to revolutionize the display industry,” added Rosenblatt. “The next 15 years were filled with triumphs, challenges, unwavering determination and an unshakeable belief in the future of OLEDs and the company. In 2011, we achieved profitability and UDC’s earnings have reached new record levels ever since. It has been a distinct honor to help lead this amazing company and to work alongside phenomenal and dedicated people through these many years. I am humbled by and proud of all of UDC’s accomplishments and am confident that the future of the company is exceptionally strong.”

“On behalf of the Board, the management team and our colleagues at UDC, I would like to thank Sid for his extraordinary leadership, steadfast commitment and immeasurable contributions to the company. He has been instrumental in the construction and reinforcement of UDC’s strong foundation for sustainable, long-term growth,” said Steven V. Abramson, president and CEO of Universal Display.

“I am deeply grateful for Sid’s astute counsel, and on a more personal note, the wonderful friendship that we have shared for more than 45 years,” Abramson noted. “Our partnership began when we met in law school in 1976 and it extended into the professional world in 1982. We both joined an earlier startup of Sherwin’s that helped invent digital cellular radio, International Mobile Machines Corporation (IMM). After helping to successfully transform two early-stage companies into profitable world-class operations over the course of approximately five decades, I would like to wish Sid, on behalf of the entire company, a happy and well-deserved retirement.”

Millard joins Universal Display Corporation with more than 15 years of financial, operational and strategic experience and has worked in senior roles across several industries. Millard comes to UDC from Emergent BioSolutions, where he recently served as SVP of finance and corporate controller.

Prior to Emergent, Millard held finance leadership positions at large multinational companies, including Hertz Global Holdings and Hilton Worldwide. He began his professional career at Deloitte & Touche.

“We are pleased to welcome Brian Millard to Universal Display Corporation,” Abramson continued. “Brian brings a wealth of valuable financial, operational and strategic experience and expertise to UDC. As we move to the next exciting chapter of our long-term growth story, I am confident Brian is well-suited to UDC’s culture of inventiveness, integrity, inclusion and imagination.”

“I am excited to join the management team at Universal Display Corporation, a global leader in the OLED ecosystem,” said Millard. “As a pioneering innovator in the young OLED industry, the company has a myriad of tremendous opportunities ahead. I look forward to being a part of the Universal Display team to help achieve its vision for the future and to drive shareholder value.”