Business
Eastside Distilling Announces Appointment of Robert Grammen to Board of Directors and Geoffrey Gwin as Chief Financial Officer
PORTLAND, Ore., June 8, 2020 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of Robert P. Grammen as independent
About this update from Beeline Holdings, Inc.
[{"type":"text","content":"PORTLAND, Ore., June 8, 2020 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of Robert P. Grammen as independent director to the Company's board of directors, effective June 15, 2020. Geoffrey Gwin will step down from his role as a member of the Company's board commensurate with the appointment of Mr. Grammen and will be appointed Eastside's Chief Financial Officer effective June 15, 2020.\nPaul Block, Chairman of the board of Eastside Distilling, commented, \"We are pleased to welcome Bob Grammen to the Eastside Distilling board of directors. Bob was part of the board of directors at Intersect Beverage, owners of the Azuñia Tequila product lineup, prior to Eastside's acquisition of the brand in September 2019. He has a strong understanding of both the capital markets and consumer products, which we believe will benefit Eastside into the future.\"\nRobert P. Grammen is a Managing Director of EFO Management, LLC (\"EFO\"), a family office located in Dallas, Texas and Naples, Florida that manages in excess of $250 million of direct debt and equity investments across a wide spectrum of asset classes that include IT, Healthcare, Hospitality, Spirits, Real Estate and Asset Based Lending. Grammen serves as the Managing Director of EFO's Naples, Florida office and is responsible for the origination, analysis, structure and execution of direct debt and equity investments. His post-investment responsibilities have included asset management, committee leadership and board positions for EFO Financial Group, Intersect Beverage, Laser Spine Institute, Palm Beach Tan, Marodyne Medical, Cypress Lending Group, YourCause, Coral Hospitality, Melbourne Greyhound Park and others. Prior to joining EFO in 1999, Grammen served as a Vice President of International Trading Group in Naples, Florida, focusing on the purchase, restructure, and sale of distressed municipal bond debt. From 1987 until 1991, Grammen served as a Vice President of Landbase, Inc. as an investment banker and consultant in the international resort development business, where he worked internationally in 13 countries. Grammen received his B.A. in Economics from Bethany College, Bethany, West Virginia. \nLawrence Firestone, CEO and Board Member of Eastside Distilling, commented, \"I am excited to have Geoff join the Company as our full-time Ch...