11:16 AM EDT, 06/17/2024 (MT Newswires) -- Spectra7 Microsystems ( SPVNF ) was last seen up 25% after the company on Monday said chief executive Raouf Halim retired effective June 15.

The analog-semiconductor company said current board chair Ron Pasek will step in as Interim CEO until a permanent replacement is found.

Halim served as CEO of Spectra7 since 2016.

Pasek, who has served as director since 2015, brings "extensive experience in technology companies and a deep understanding of Spectra7's operations and strategic vision," the company said.

Spectra7 shares were last seen up $0.03 to $0.15 on the TSX Venture Exchange.

Price: 0.15, Change: +0.03, Percent Change: +25.00