Eastside Distilling seeks new CEO as Shum resigns

14th October, 2019 by Nicola Carruthers

Portland-based Eastside Distilling is on the hunt for a new chief executive officer after the firm’s interim CEO and chief financial officer Steve Shum announced his resignation.

Eastside Distilling is moving “quickly” to fill the CEO role

Shum, who has departed from the CEO role effective immediately, will continue to consult with the management team and board of directors when necessary in the future.

His resignation from the chief financial role is expected to be effective from or before 14 November 2019.

Eastside is moving “quickly” to fill the CEO role and is considering both internal and external applicants. The company is also looking to hire a new chief financial officer.

Paul Shoen, chairman of the board of directors, said: “We have both strong internal and external candidates that we are considering, and once we vet the candidates, will move quickly, but carefully, to fill the position to ensure that the company has solid leadership going forward.”

Shum added: “I would like to thank the entire team at Eastside, including the board and our shareholders, for the opportunity and support provided over the last few years.

“I believe Eastside has created an incredible foundation over the past several years and is poised for tremendous success in the future.

“The entire Eastside team is strong, performing well, and I could not be more proud of their collective efforts to elevate the business to the next level.”

The company’s board has also begun a strategic review and evaluation of a number of strategic directives aimed at maximising shareholder value.

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