Novan, Inc. announced that William L. Hodges, Interim Chief Financial Officer and the principal financial and accounting officer of the company, notified the company of his decision to step down effective January 19, 2018. Mr. Hodges entered into a consulting services agreement with the company on January 19, 2018, pursuant to which he will serve as a consultant to the company on an as needed basis. The company has appointed its current Chief Business Officer, Jeff Hunter, to fill the role of Interim Chief Financial Officer and principal financial and accounting officer effective January 20, 2018.

The company expects to hire a permanent Chief Financial Officer in the first half of 2018.