Joseph K. Vanderstelt to assume similar role at non-alcohol beverage
CBA will release second quarter financial results August 8, 2018 as
PORTLAND, Ore.--(BUSINESS WIRE)--Jun. 20, 2018--
Brew Alliance, Inc. (“CBA”) (Nasdaq: BREW), a leading craft brewing
company, today announced that Joseph K. Vanderstelt, chief financial
officer, will be departing the company, effective July 13, 2018. Mr.
Vanderstelt has resigned his position at CBA to accept another career
opportunity on the east coast.
“Joe’s management and focus on building the right team with the right
level of experience and leadership have helped establish CBA in the best
financial health of our company’s history. We appreciate his many
contributions and wish him the best in his next endeavor,” said Andy
Thomas, Chief Executive Officer, CBA. “Looking ahead, we feel really
good about the team we have in place and their continued strong
financial stewardship and management of CBA. As a result of their great
work, CBA has never been in a stronger position to invest behind our
Kona Plus strategy and continue moving the company forward.”
“It was not an easy decision to leave CBA, but I feel really confident
in the team that’s in place and their ability to continue building on
the strong progress we’ve made over the past few years,” said
Vanderstelt. “Given today’s increasingly complex and challenging beer
market, the work that Andy and the team have accomplished is remarkable.”
CBA’s management will work with Mr. Vanderstelt over the coming weeks to
ensure a smooth transition of his responsibilities. In the interim
period until a new CFO is appointed, CBA remains confident that its team
will continue the strong financial stewardship and management of the
In addition, CBA’s announced financial reporting calendar remains
unchanged, and the company will release its second quarter financial
results on August 8, 2018, with an investor conference call on August 9,
2018, as planned.
About Craft Brew Alliance
CBA is an independent craft brewing company that brews, brands, and
brings to market world-class American craft beers.
Our distinctive portfolio combines the power of Kona Brewing Company, a
dynamic, growing national craft beer brand, with strong regional
breweries and innovative lifestyle brands, Appalachian Mountain Brewery,
Cisco Brewers, Omission Brewing Co., Redhook Brewery, Square Mile Cider
Co., Widmer Brothers Brewing, and Wynwood Brewing Co. CBA nurtures the
growth and development of its brands in today’s increasingly competitive
beer market through our state-of-the-art brewing and distribution
capability, integrated sales and marketing infrastructure, and strong
focus on partnerships, local community and sustainability.
Formed in 2008, CBA is headquartered in Portland, Oregon and operates
breweries and brewpubs across the U.S. CBA beers are available in all 50
U.S. states and 30 different countries around the world. For more
information about CBA and our brands, please visit www.craftbrew.com.
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Source: Craft Brew Alliance, Inc.
Craft Brew Alliance, Inc.
Jenny McLean, 503-331-7248