GelTech Solutions, Inc. announced executive changes. On January 31, 2020 through February 5, 2020, the following directors and executive officers resigned from their respective positions: Phillip O'Connell, director; Leonard Mass, director; Victor Trotter, director; Dave Gutmann, director; Michael Hull, Chief Financial Officer, treasurer and secretary; Gerry Kaiser, VP; and Matthew Struzziero, VP. On January 31, 2020, Mr. Warren Mosler was appointed as Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, treasurer and secretary of the Company.

Mr. Mosler is an American economist and theorist. Presently, in addition to his new role with the Company, Mr. Mosler owns and operates Valance Co., Inc. He is founder of Mosler Automotive and a co-founder of the Center for Full Employment and Price Stability at the University of Missouri-Kansas City. The founder of what has been popularized as Modern Monetary Theory, in 2014 he was appointed Visiting Professor at the University of Bergamo, Italy.

He also co-founded AVM, L.P., a broker-dealer providing financial services to institutional investors, and the Illinois Income Investors family of investment funds, which he remained involved with until 1997.