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Charles & Colvard announces CEO termination, appoints executive chair

Story Highlights
  • On January 5, 2026, Charles & Colvard removed CEO Don O’Connell without cause.
  • Board Chair Michael Levin became Executive Chair for three months to oversee operations and lead the CEO search.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Charles & Colvard announces CEO termination, appoints executive chair

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Charles & Colvard ( (CTHR) ) has provided an announcement.

On January 5, 2026, Charles & Colvard’s Board of Directors terminated President and Chief Executive Officer Don O’Connell without cause, marking a significant leadership change at the company. Effective the same day, Board Chair Michael Levin, 63, was appointed Executive Chair for an initial three-month term to oversee the company’s affairs, lead the executive team, and conduct the search for a new CEO, receiving $18,000 per month in lieu of other board compensation; the board emphasized Levin’s extensive financial and operational experience and clarified there are no family relationships, material related-party transactions, or special arrangements tied to his appointment.

The most recent analyst rating on (CTHR) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Charles & Colvard stock, see the CTHR Stock Forecast page.

Spark’s Take on CTHR Stock

According to Spark, TipRanks’ AI Analyst, CTHR is a Neutral.

Charles & Colvard’s stock score is significantly impacted by its poor financial performance and valuation. The company’s strategic move to secure a convertible note agreement provides some positive outlook. However, technical indicators suggest a bearish trend, and the lack of earnings call data prevents a more comprehensive analysis.

To see Spark’s full report on CTHR stock, click here.

More about Charles & Colvard

Charles & Colvard, Ltd. operates in the jewelry industry, focusing on the design, manufacture, and sale of gemstones and finished jewelry, with leadership and governance overseen by its Board of Directors.

Average Trading Volume: 10,057

Technical Sentiment Signal: Sell

Current Market Cap: $626.9K

See more data about CTHR stock on TipRanks’ Stock Analysis page.

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