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Lawrence Firestone Joins Eastside Distilling's Board of Directors
PORTLAND, Ore., Sept. 24, 2019 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of Lawrence (Larry) Firestone to the
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[{"type":"text","content":"PORTLAND, Ore., Sept. 24, 2019 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) today announced the appointment of Lawrence (Larry) Firestone to the Company's board of directors, effective September 19, 2019. Mr. Firestone was also appointed to be a member of and the Chair of the Audit Committee, as well as a member of the Nominating and Corporate Governance Committee and Compensation Committee.\nMr. 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, and public company board member experience including service as audit committee financial expert and chair. Mr. Firestone is currently Executive Vice President and Chief Financial Officer of Akonni Biosystems, a privately-held developer of molecular diagnostic platforms, as well as Chairman of FirePower Technology, a privately held manufacturer of ATX power supplies for the IT and instrumentation markets. His public company experience includes CEO and board member of Qualstar Corporation, CFO of Advanced Energy Industries, and CFO of Applied Films Corporation, as well as a member of the boards of 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.\nPaul Shoen, Chairman of Eastside Distilling, commented, \"I am pleased to welcome Larry to the Eastside board of directors. Larry's background as a hands-on executive with financial reporting expertise, as well as public company board member experience, will serve the board and shareholders well. I look forward to his contributions.\"\nMr. Firestone becomes Eastside Distilling's sixth board member and fourth to be classified as independent under Nasdaq's listing rules. On September 23, 2019, Nasdaq notified Eastside Distilling that as a result of the appointment of Firestone, along with the recent appointments of independent Directors Shawn Willard and Geoffrey Gwin on August 27, 2019, the Company is in compliance with Nasdaq's listing Rules and that the Nasdaq matter (reported in the Company's Form 8-K dated August 19, 2019) has been closed. \nAbout Eastside Distilling \nEastside Distilling, Inc. (NASDAQ: EAST) has been produ...