04:55 PM EST, 12/13/2024 (MT Newswires) -- Spectra7 Microsystems ( SPVNF ) after close Friday, said interim chief financial officer Dave Mier is retiring and will be replaced by board chair Ron Pasek, as interim CFO, effective today.

Pasek is "a seasoned finance official," having been the chief financial officer of multiple public companies, the company said. Spectra7 is currently interviewing to fill the CFO role on a permanent basis.

"I want to thank Dave for his leadership and contribution to the company over the past year," said chief executive Omar Javaid. "We are fortunate that Ron has agreed to take on the role as Interim CFO while we complete the process of filling the role on a permanent basis."

The company's shares closed up $0.015 to $0.135 on the TSX Venture Exchange