Eastside distilling announces management transition

Eastside distilling, inc. announced the resignation of steve shum as the company's interim chief executive officer, effective immediately, to accept a chief executive officer position with another company. additionally, mr. shum submitted his resignation as chief financial officer, effective upon the filing of eastside's quarterly report on form 10-q for the period ended september 30, 2019, expected to be made on or before november 14, 2019. mr. shum has agreed to consult with the management team and board of directors as needed in the future. the company's board of directors is running a process to fill the necessary management positions at eastside with a focus on the chief executive officer role initially. the company is considering both internal and external candidates and will move quickly to fill the position. the company's board of directors is committed to enhancing value for shareholders. working together with its management team, the board has begun a strategic review and evaluation of a number of strategic directives aimed at maximizing shareholder value.
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