Veteran finance executive with more than 40 years’ experience to lead Heritage’s financial operations and manage capital market transactions
You are viewing: Heritage Distilling Names Michael P. Carrosino as Chief Financial Officer
GIG HARBOR, Wash., Dec. 31, 2024 (GLOBE NEWSWIRE) — Heritage Distilling Company, Inc. (NASDAQ: CASK) (“HDC” or “Heritage” or “The Company,”) a leading craft distiller of innovative premium brands, announced the appointment of Michael P. Carrosino as its Chief Financial Officer (CFO). A veteran finance executive with over 40 years’ experience, Mr. Carrosino will be responsible for leading the Company’s financial planning and operations, managing liquidity, directing capital planning and guiding capital market transactions to ensure Heritage is well positioned to execute its expansion strategy.
Justin Stiefel, Chief Executive Officer of HDC, commented, “We are thrilled to have Michael join Heritage as our new CFO. His impressive track record across multiple industries, combined with his accounting, financial operations and public company experience, will bolster our leadership team and corporate structure. Michael will be instrumental in supporting our growth plans at a pivotal time in Heritage’s evolution. I look forward to working closely with him as we continue to expand our offerings to consumers and grow the value of our enterprise.”
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Mr. Carrosino is a senior finance and operations executive with experience across multiple industries with both public and private companies. His expertise includes general financial and operational management, including scaling internal finance functions, accounting, public company reporting, fundraisings, restructurings and mergers and acquisitions (M&A). Previously, he held multiple senior-level finance and CFO positions for companies that included several interim CFO consulting roles, as well as several full-time senior-level and CFO positions. Some of these companies include Tatoosh Distillery, Foss Maritime, The Space Needle, TomboyX, Hyperion Innovations / ColdHeat, Pacific Biometrics, and VacationSpot.com. Mr. Carrosino’s prior experience also includes tenures with Classmates.com, Cell Therapeutics, Inc., Esterline Technologies and Arthur Andersen. He received a B.A. degree in Humanities and a B.A. degree in Business Administration – Accounting from Seattle University.
Mr. Carrosino added, “Heritage’s values of innovation, quality and independence resonate strongly with me, and I am excited to be joining this unique leader in the craft distilling industry. Leveraging a strong reputation and award-winning portfolio, Heritage has a tremendous opportunity to further elevate its industry position and expand into new markets across the country. I am pleased to join this highly motivated and successful team.”
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