Heritage Distilling Appoints Matt Swann to Board of Directors
Heritage Distilling Holding Company (NASDAQ: CASK) has appointed Matt Swann to its Board of Directors, effective January 6, 2025. Swann, a seasoned technology and fintech expert with over 28 years of experience, will also serve as Chairman of the newly formed Technology and Cryptocurrency Committee.
Swann's background includes roles as Chief Technology Officer at NuBank, Vice President at Amazon, CTO for Booking.com and Stubhub, and Chief Information Officer at Citibank. He currently serves as Director at Payfare Inc. and non-executive Director at Thredd Payments. Swann holds a Bachelor of Science degree in Computer Information Systems from Arizona State University.
His appointment aligns with Heritage's strategy to leverage technology for growth, particularly in e-commerce and direct-to-consumer channels. As Chair of the Technology and Cryptocurrency Committee, Swann will oversee technology and cryptocurrency policies, including the implementation of AI and handling of Bitcoin. The Board has also adopted a formal Bitcoin Treasury Position Statement, with plans to develop a Bitcoin Treasury Policy.
CEO Justin Stiefel expressed enthusiasm about Swann's expertise, which spans e-commerce, fintech, digital currencies, and AI, and its potential to drive Heritage's growth and innovation.
Heritage Distilling Holding Company (NASDAQ: CASK) ha nominato Matt Swann nel suo Consiglio di Amministrazione, con effetto dal 6 gennaio 2025. Swann, un esperto di tecnologia e fintech con oltre 28 anni di esperienza, assumerà anche il ruolo di Presidente del newly formed Technology and Cryptocurrency Committee.
Il background di Swann include ruoli come Chief Technology Officer presso NuBank, Vice Presidente di Amazon, CTO per Booking.com e Stubhub, e Chief Information Officer di Citibank. Attualmente è Direttore di Payfare Inc. e Direttore non esecutivo di Thredd Payments. Swann ha conseguito una laurea in Computer Information Systems presso l'Arizona State University.
La sua nomina si allinea con la strategia di Heritage di sfruttare la tecnologia per la crescita, in particolare nell'e-commerce e nei canali direct-to-consumer. Come Presidente del Technology and Cryptocurrency Committee, Swann supervisionerà le politiche relative a tecnologia e criptovalute, inclusa l'implementazione dell'AI e la gestione del Bitcoin. Il Consiglio ha anche adottato una dichiarazione formale sulla posizione di tesoreria in Bitcoin, con piani per sviluppare una politica di tesoreria in Bitcoin.
Il CEO Justin Stiefel ha espresso entusiasmo per l'expertise di Swann, che spaziano dall'e-commerce, fintech, valute digitali e AI, e il suo potenziale di guidare la crescita e l'innovazione di Heritage.
Heritage Distilling Holding Company (NASDAQ: CASK) ha nombrado a Matt Swann en su Junta Directiva, con efecto desde el 6 de enero de 2025. Swann, un experto en tecnología y fintech con más de 28 años de experiencia, también será el Presidente del recién formado Technology and Cryptocurrency Committee.
La trayectoria de Swann incluye roles como Director de Tecnología en NuBank, Vicepresidente en Amazon, CTO de Booking.com y Stubhub, y Director de Información en Citibank. Actualmente es Director en Payfare Inc. y Director no ejecutivo en Thredd Payments. Swann tiene una licenciatura en Sistemas de Información Computacional de la Arizona State University.
Su nombramiento está alineado con la estrategia de Heritage de aprovechar la tecnología para el crecimiento, especialmente en comercio electrónico y canales directos al consumidor. Como Presidente del Technology and Cryptocurrency Committee, Swann supervisará las políticas de tecnología y criptomonedas, incluida la implementación de IA y la gestión de Bitcoin. La Junta también ha adoptado una declaración formal de posición de tesorería de Bitcoin, con planes para desarrollar una política de tesorería de Bitcoin.
El CEO Justin Stiefel expresó su entusiasmo por la experiencia de Swann, que abarca el comercio electrónico, fintech, monedas digitales e IA, y su potencial para impulsar el crecimiento e innovación de Heritage.
Heritage Distilling Holding Company (NASDAQ: CASK)는 Matt Swann을 이사회의 일원으로 임명하며, 2025년 1월 6일부터 효력이 발생합니다. Swann은 28년 이상의 경력을 가진 기술 및 핀테크 전문가로, 새로 구성된 Technology and Cryptocurrency Committee의 의장직도 맡을 것입니다.
Swann의 경력에는 NuBank의 최고기술책임자, 아마존의 부사장, Booking.com 및 Stubhub의 CTO, 그리고 Citibank의 최고정보책임자 역할이 포함됩니다. 현재 그는 Payfare Inc.의 이사와 Thredd Payments의 비상무 이사로 재직 중입니다. Swann은 애리조나 주립대학교에서 컴퓨터 정보 시스템 학사 학위를 취득했습니다.
그의 임명은 전자 상거래 및 직접 소비자 채널에서의 성장을 위한 기술 활용이라는 Heritage의 전략과 일치합니다. Technology and Cryptocurrency Committee의 의장으로서 Swann은 기술 및 암호화폐 정책을 감독할 것이며, AI의 구현과 비트코인 관리도 포함됩니다. 이사회는 비트코인 재무 위치에 대한 공식 성명을 채택하고 비트코인 재무 정책을 개발할 계획을 세웠습니다.
CEO Justin Stiefel은 Swann의 전문성에 대한 열정을 표현했으며, 이는 전자 상거래, 핀테크, 디지털 통화 및 AI에 걸쳐 있으며, Heritage의 성장과 혁신을 이끌 잠재력이 있다고 밝혔습니다.
Heritage Distilling Holding Company (NASDAQ: CASK) a nommé Matt Swann au sein de son conseil d'administration, à compter du 6 janvier 2025. Swann, un expert en technologie et fintech avec plus de 28 ans d'expérience, sera également président du nouveau Technology and Cryptocurrency Committee.
Le parcours de Swann inclut des postes de directeur technique chez NuBank, vice-président chez Amazon, CTO pour Booking.com et Stubhub, et directeur de l'information chez Citibank. Actuellement, il est directeur chez Payfare Inc. et directeur non-exécutif chez Thredd Payments. Swann est titulaire d'une licence en systèmes d'information informatique de l'Arizona State University.
Sa nomination s'inscrit dans la stratégie d'Heritage de tirer parti de la technologie pour croître, en particulier dans le commerce électronique et les canaux directs aux consommateurs. En tant que président du Technology and Cryptocurrency Committee, Swann supervisera les politiques relatives à la technologie et aux crypto-monnaies, y compris la mise en œuvre de l'IA et la gestion du Bitcoin. Le Conseil a également adopté une déclaration formelle de position de trésorerie en Bitcoin, avec des plans pour développer une politique de trésorerie en Bitcoin.
Le PDG Justin Stiefel a exprimé son enthousiasme pour l'expertise de Swann, qui couvre l'e-commerce, la fintech, les monnaies numériques et l'IA, ainsi que son potentiel pour stimuler la croissance et l'innovation d'Heritage.
Heritage Distilling Holding Company (NASDAQ: CASK) hat Matt Swann in seinen Vorstand berufen, mit Wirkung zum 6. Januar 2025. Swann, ein erfahrener Technologie- und Fintech-Experte mit über 28 Jahren Erfahrung, wird auch den Vorsitz des neu gegründeten Technology and Cryptocurrency Committee übernehmen.
Swanns Werdegang umfasst Positionen als Chief Technology Officer bei NuBank, Vizepräsident bei Amazon, CTO von Booking.com und Stubhub sowie Chief Information Officer bei Citibank. Derzeit ist er Direktor bei Payfare Inc. und nicht-executive Director bei Thredd Payments. Swann hat einen Bachelor of Science in Computer Information Systems von der Arizona State University.
Seine Ernennung entspricht der Strategie von Heritage, Technologie für Wachstum zu nutzen, insbesondere im E-Commerce und in direkten Verbraucherkanälen. Als Vorsitzender des Technology and Cryptocurrency Committee wird Swann die Richtlinien für Technologie und Kryptowährungen überwachen, einschließlich der Implementierung von KI und der Handhabung von Bitcoin. Der Vorstand hat außerdem eine formelle Erklärung zur Bitcoin-Treasury-Position angenommen und plant, eine Bitcoin-Treasury-Politik zu entwickeln.
CEO Justin Stiefel äußerte Begeisterung über Swan's Expertise, die E-Commerce, Fintech, digitale Währungen und KI umfasst, sowie über das Potenzial, das Wachstum und die Innovation von Heritage voranzutreiben.
- Appointment of Matt Swann, a highly experienced technology and fintech executive, to the Board.
- Formation of a Technology and Cryptocurrency Committee to drive tech innovation.
- Adoption of a formal Bitcoin Treasury Position Statement and plans for a Bitcoin Treasury Policy.
- Swann's extensive background in AI, digital payments, and cloud computing could enhance Heritage's growth initiatives in e-commerce and direct-to-consumer channels.
- Potential concerns about the continuity and experience gaps due to the new appointment.
Proven Technology Executive to Lead Board’s Newly-Formed Technology and Cryptocurrency Committee
GIG HARBOR, Wash., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Heritage Distilling Holding Company, Inc. (NASDAQ: CASK) ("HDC" or "Heritage" or the “Company"), a leading craft distiller of innovative premium brands, announced today the appointment of Matt Swann to its Board of Directors, effective January 6, 2025. Mr. Swann is a seasoned technology, fintech and digital payments executive who brings to Heritage and the Board over 28 years of related experience, including a proven track record in product development and successful implementation of innovative solutions that drive growth and improve customer experiences. He will also serve as Chairman of the newly formed Technology and Cryptocurrency Committee of the Board.
Justin Stiefel, Chief Executive Officer of HDC, commented, “We are delighted to have Matt join Heritage’s Board. He brings deep technology experience spanning e-commerce, fintech, international and digital currencies, product management, AI and data analytics. This expertise will be invaluable to Heritage as we continue to execute on our growth initiatives, expand our product offerings and broaden our distribution, with an emphasis on leveraging technology to deliver our innovative spirits to customers across the country via our e-commerce/Direct to Consumer channel and the traditional wholesale distribution system.”
Mr. Swann is a strategic advisor and technology consultant with decades of experience, specializing in cloud computing, fintech and digital payments and technology transformation. Previously, he served as Chief Technology Officer (CTO) at NuBank, where he drove innovation, growth and strategy across product and platform development. Prior to NuBank, he spent nearly a decade as vice president at Amazon, establishing and overseeing all internal and global digital payment platforms. He also served as CTO for Booking.com and Stubhub, and as Chief Information Officer for Citibank’s Global Consumer Bank, Cards, Payments and Digital divisions. Currently, Mr. Swann serves as a Director at Payfare Inc. (TSX: PAY), where he supports digital innovation and transformation strategies. He also serves as a non-executive Director at Thredd Payments, a London-based fintech firm. Mr. Swann received a Bachelor of Science degree in Computer Information Systems from Arizona State University.
As Chair of the Technology and Cryptocurrency Committee, Mr. Swann will lead the committee’s review of corporate policies, standards and solutions related to technology and cryptocurrency, provide insight on the state of the art to create digital pathways for growth, evaluate ways to implement AI into the Company’s processes and oversee its protocol for handling cryptocurrency, with an initial emphasis on Bitcoin. Along with the addition of Mr. Swann to the Board, the Board also adopted a formal Bitcoin Treasury Position Statement and guidance to the committee to prepare a formal Bitcoin Treasury Policy for adoption with the expectation that such a policy will detail how the Company will accept, hold, store and work with Bitcoin initially as its preferred cryptocurrency of choice.
Mr. Swann added, “I am thrilled to join Heritage’s Board and to work with the management team to explore opportunities to leverage technology and related assets for the benefit of the Company’s customers and shareholders. I look forward to providing guidance and contributing to Heritage’s growth as it continues to build upon its position as a leading, award-winning craft distiller committed to positively impacting the communities it serves.”
The appointment of Mr. Swann follows two other recent additions to Heritage’s Board of Directors: Troy Alstead, former Chief Operations Officer at Starbucks and current Director at Harley-Davidson, Inc., Levi Strauss & Co., Array Technologies Inc., OYO Global and RASA Indian Grill; and Andrew Varga, former Chief Marketing Officer at Brown-Foreman Corporation, Papa John’s International and president of Zimmerman Advertising. The Company also recently appointed Michael P. Carrosino as its Chief Financial Officer.
About Heritage Distilling Company, Inc.
Heritage is among the premier independent craft distilleries in the United States offering a variety of whiskeys, vodkas, gins, rums and ready-to-drink canned cocktails. Heritage has been the most awarded craft distillery in North America by the American Distilling Institute for ten years in a row out of the more than 2,600 craft producers, plus numerous other Best of Class, Double Gold, and Gold medals from multiple national and international spirits competitions. It is one of the largest craft spirits producers on the West Coast based on revenues and is developing a national reach in the U.S. through traditional sales channels (wholesale, on-premises, and e-commerce) and its unique and recently-developed Tribal Beverage Network (“TBN”) sales channel. The TBN is collaborating with Native American tribes to develop Heritage-branded distilleries, brands, and tasting rooms and to develop brands unique to the tribes, to serve patrons of tribal casinos and entertainment venues, creating compelling social and economic benefits for participating tribal communities while allowing the tribes another channel through which to exercise tribal sovereignty.
Forward-Looking Statements
This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "aims," "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "intends," "may," "plans," "possible," "potential," "seeks," "will," and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements include, without limitation, statements regarding anticipated results or benefits anticipated from Heritage’s executive appointments.
Any forward-looking statements in this press release are based on Heritage’s current expectations, estimates and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks of expanding sales and revenue due to the addition of new members of the executive team or new directors to the board, along with the adoption of a Bitcoin Treasury Position Statement, an anticipated formal Bitcoin Treasury Policy and any new or anticipated business development that would be expected to result therefrom. These and other risks concerning Heritage’s programs and operations are described in additional detail in its registration statement on Form S-1, and its quarterly 10-Q filings, which are on file with the SEC. Heritage explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.
| Contacts: | ||
| Investors | Media | |
| Scott Eckstein | Anne Donohoe | |
| heritage@ksca.com | heritage@ksca.com | |
| (212) 896 1210 | (732) 620 0033 |
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