Heritage Distilling Appoints Michael P. Carrosino as CFO
Portfolio - People | Dec 31, 2024 | EIN
Heritage Distilling Company, Inc., a NASDAQ-listed leading craft distiller, announced the appointment of Michael P. Carrosino as its new Chief Financial Officer (CFO). With over 40 years of finance experience, Carrosino will lead Heritage's financial operations and manage capital market transactions. His prior roles at various companies, including his expertise in mergers and acquisitions and operational management, are expected to strengthen Heritage's growth plans. CEO Justin Stiefel highlighted Carrosino's industry-spanning track record as pivotal to expanding their enterprise and offerings. Heritage, recognized as a premier craft distillery in the U.S., continues its expansion by developing a national reach through sales channels including a unique Tribal Beverage Network. This strategic hire follows other board appointments intended to bolster the company's leadership and growth strategy.
Sectors
- Beverage Industry
- Finance Industry
Geography
- United States – Heritage Distilling Company is based in the United States and is a prominent player in the U.S. craft distillery market.
Industry
- Beverage Industry – Heritage Distilling is a craft distillery engaged in producing spirits like whiskey, vodka, gin, which fall under the beverage industry.
- Finance Industry – The appointment of a seasoned CFO with experience in financial operations and capital market transactions highlights the involvement of the finance industry.
Financials
- Not disclosed – The article does not provide specific financial figures related to the appointment or the company's financial position.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Heritage Distilling Company, Inc. | Target Company | Company | A leading independent craft distillery in the United States. |
| Michael P. Carrosino | Chief Financial Officer | Person | A finance executive with over 40 years of experience, appointed as CFO of Heritage Distilling. |
| Justin Stiefel | Chief Executive Officer | Person | CEO of Heritage Distilling, overseeing the company's expansion and leadership growth. |
| Troy Alstead | Board Member | Person | A board member of Heritage Distilling and former COO at Starbucks. |
| Andrew Varga | Board Member | Person | A board member of Heritage Distilling with past roles including CMO at Brown-Forman Corporation. |