Charles & Colvard Ltd. announced that its Board of Directors has elected Neal Goldman to serve as Executive Chairman of the Board, effective January 1, 2015. The announcement follows the decision by George R. Cattermole to step down as Chairman of the Board while remaining a Board member. The Board unanimously appointed Mr. Goldman to lead the Company into its next phase of growth.

Neal Goldman became a director with Charles & Colvard in May 2014. His financial expertise and knowledge of the direct-to-consumer market span many years. He has served as President of Goldman Capital Management Inc.