Charles & Colvard CFO Resigns

Kyle Macemore’s resignation comes as the moissanite manufacturer announced improved financial results

Kyle S. Macemore has resigned as senior vice president and chief financial officer of Charles & Colvard to accept a position with another company, the moissanite manufacturer announced in a Nov. 7 SEC filing.

Macemore joined the company in 2013.

The news comes as Charles & Colvard announced improved financial results. Net sales for the third quarter (ending Sept. 30) were $5.2 million, a 2 percent increase from last year. The company did post a $1.2 million net loss, but that’s an improvement from the prior year’s $2 million net loss.

JCK News Director