Eastside Distilling Appoints Lawrence Firestone as Chief Executive Officer
PORTLAND, Ore., Nov. 13, 2019 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of Lawrence Firestone as the Company's new Chief Executive Officer.
Paul Shoen, Chairman of Eastside Distilling, commented, "The Board is pleased to appoint Larry Firestone as its new Chief Executive Officer. Larry brings a 'hands-on' leadership style, with a focus on teamwork, continuous improvement, cost reductions, and process optimization. His success in directing fast growing public companies will serve Eastside well as we continue to execute on our strategic business plan and drive shareholder value."
"I am excited to lead Eastside Distilling as we execute on our current strategic plans to advance our national platform, including the continued expansion of our Redneck Riviera Whiskey and Burnside lineups, and integration of our newly acquired Azuñia Tequila brand," commented Mr. Firestone. "Over the past couple of years, the team at Eastside has created one of the industry's fastest growing, fully integrated spirits platforms. I am confident we can build upon the success the Company has had to date, while developing strategies that can enhance value for shareholders."
Mr. Firestone has over 35 years of enterprise, operations and financial management experience in both public and private companies, with tenures as CEO, CFO and COO across multiple industry sectors. Mr. Firestone most recently served as Executive Vice President and Chief Financial Officer of Akonni Biosystems, a privately-held developer of molecular diagnostic platforms; and as Chairman of FirePower Technology, a privately held manufacturer of ATX power supplies for the IT and instrumentation markets. In the public company sector, Mr. Firestone has served as Chief Executive Officer of Qualstar Corporation, Chief Financial Officer of Advanced Energy Industries, and Chief Financial Officer of Applied Films Corporation. He has served on numerous Boards including those of Qualstar, CVD Equipment, Amtech Systems, and Hyperspace Communications. Mr. Firestone received his Bachelor of Science in Business Administration with a concentration in Accounting from Slippery Rock University of Pennsylvania.
Mr. Firestone joined Eastside's Board in September 2019 and will continue to serve as a director of the Company.
About Eastside Distilling
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SOURCE Eastside Distilling, Inc.
Company Codes: NASDAQ-NMS:EAST
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