The board of directors of Charles & Colvard Ltd. selected board member Suzanne Miglucci to be the next president and chief executive officer. This follows H. Marvin Beasley's decision to retire from his current roles of president, chief executive officer and director, effective from December 1, 2015. In June 2012, Ms. Miglucci stepped into the chief marketing officer role at ChannelAdvisor Corporation.

Prior to joining ChannelAdvisor, she served as senior director, Global Procurement Solution Marketing, at SAP. Ms. Miglucci has also held executive marketing positions at SciQuest Inc., MicroMass Communications and Arsenal Digital Solutions. She has served as a director of Charles & Colvard since August 2015.