10:33 AM EDT, 07/15/2024 (MT Newswires) -- Sol-Gel Technologies ( SLGL ) said Monday that Chief Executive Officer Alon Seri-Levy advised the board of his plan to step down.

The company and Seri-Levy agreed on the terms of separation. If company shareholders approve the conditions, he plans to leave Dec. 31 with a one-year consulting accord with Sol-Gel ( SLGL ).

Eyal Ben-Or was named chief financial officer, effective July 12, succeeding Gilad Mamlok, the company said. Most recently, Ben-Or was the company's director of finance.

Shares of Sol-Gel ( SLGL ) rose 1.1% in recent Monday trading.

Price: 0.96, Change: +0.01, Percent Change: +1.07