Charles & Colvard, Ltd. promoted two executives to senior officer positions. Don O'Connell was promoted to Chief Operating Officer and Senior Vice President, Supply Chain, following his service over the past year as Charles & Colvard's Senior Vice President, Supply Chain & Distribution. Clint J. Pete was promoted to Chief Financial Officer, following his service over the past six months as Charles & Colvard's Interim Chief Financial Officer and previously as Corporate Controller.

As Chief Operating Officer and Senior Vice President, Supply Chain, Mr. O'Connell, will have responsibility for operations and supply chain. He served as Charles & Colvard's Senior Vice President, Supply Chain & Distribution, since March 2016. As Chief Financial Officer, Mr. Pete, will have responsibility for all the financial operations, including finance, accounting, tax, treasury, budgeting, and M&A and financial planning.

He served as Charles & Colvard's Interim Chief Financial Officer since December 2016. He joined Charles & Colvard as Corporate Controller in June 2016.