Michael Weydemuller Promoted to Chief Compliance Officer at Spirits Capital Corporation
Spirits Capital has promoted Michael Weydemuller to Chief Compliance Officer from his previous role as Chief Investment Officer. In his new position, Weydemuller will oversee compliance for the company's Distilled Barrels Financial Exchange (DBFEX), ensuring all transactions meet Alcohol, Tobacco Tax and Trade Bureau requirements.
Weydemuller, a founding executive team member with a Master's in Taxation from Golden Gate University, has been instrumental in the company's growth and securing funding. CEO Todd Sanders emphasized that this promotion reflects the company's commitment to maintaining regulatory integrity while scaling operations. The appointment aims to strengthen DBFX's position as the leading platform for barrel-aged spirits transactions.
Spirits Capital ha promosso Michael Weydemuller a Chief Compliance Officer, a partire dal suo precedente ruolo di Chief Investment Officer. Nella sua nuova posizione, Weydemuller supervisionerà la conformità per il Distilled Barrels Financial Exchange (DBFEX) dell'azienda, assicurando che tutte le transazioni soddisfino i requisiti dell'Alcohol, Tobacco Tax and Trade Bureau.
Weydemuller, membro del team esecutivo fondatore con un Master in Tassazione presso la Golden Gate University, è stato fondamentale nella crescita dell'azienda e nel garantire finanziamenti. Il CEO Todd Sanders ha enfatizzato che questa promozione riflette l'impegno dell'azienda nel mantenere l'integrità normativa mentre scala le operazioni. L'appuntamento mira a rafforzare la posizione del DBFX come piattaforma leader per le transazioni di spiriti invecchiati in botti.
Spirits Capital ha promovido a Michael Weydemuller como Chief Compliance Officer desde su anterior puesto como Chief Investment Officer. En su nueva posición, Weydemuller supervisará el cumplimiento del Distilled Barrels Financial Exchange (DBFEX) de la empresa, asegurando que todas las transacciones cumplan con los requisitos del Alcohol, Tobacco Tax and Trade Bureau.
Weydemuller, miembro del equipo ejecutivo fundador con una Maestría en Tributación de la Golden Gate University, ha sido fundamental en el crecimiento de la empresa y en obtener financiamiento. El CEO Todd Sanders enfatizó que esta promoción refleja el compromiso de la empresa con el mantenimiento de la integridad regulatoria mientras expande las operaciones. El nombramiento tiene como objetivo fortalecer la posición de DBFX como la plataforma líder para las transacciones de espíritus envejecidos en barricas.
Spirits Capital는 Michael Weydemuller를 Chief Compliance Officer로 승진시키고 이전의 Chief Investment Officer 역할에서 이동했습니다. 새로운 직위에서 Weydemuller는 회사의 Distilled Barrels Financial Exchange (DBFEX)의 준수를 감독하여 모든 거래가 주류, 담배 세금 및 무역국의 요구 사항을 충족하도록 합니다.
Weydemuller는 Golden Gate University에서 세금학 석사 과정을 마친 창립 경영진의 일원으로, 회사의 성장과 자금 확보에 중요한 역할을 해왔습니다. CEO Todd Sanders는 이번 승진이 운영을 확장하는 동안 규제 무결성을 유지하려는 회사의 의지를 반영한다고 강조했습니다. 이번 임명은 DBFX의 빠진 기간이 지난 스피릿 거래를 위한 선도적인 플랫폼으로서의 위치를 강화하기 위한 것입니다.
Spirits Capital a promu Michael Weydemuller au poste de Chief Compliance Officer, après qu'il ait occupé le rôle de Chief Investment Officer. Dans sa nouvelle fonction, Weydemuller supervisera la conformité pour le Distilled Barrels Financial Exchange (DBFEX) de l'entreprise, en s'assurant que toutes les transactions respectent les exigences de l'Alcohol, Tobacco Tax and Trade Bureau.
Weydemuller, membre fondateur de l'équipe exécutive avec un Master en Fiscalité de la Golden Gate University, a été instrumental dans la croissance de l'entreprise et l'obtention de financements. Le PDG Todd Sanders a souligné que cette promotion reflète l'engagement de l'entreprise à maintenir l'intégrité réglementaire tout en développant ses opérations. La nomination vise à renforcer la position de DBFX en tant que plateforme leader pour les transactions d'esprits vieillis en fût.
Spirits Capital hat Michael Weydemuller zum Chief Compliance Officer befördert, nachdem er zuvor Chief Investment Officer war. In seiner neuen Position wird Weydemuller die Einhaltung der Vorschriften für die Distilled Barrels Financial Exchange (DBFEX) des Unternehmens überwachen und sicherstellen, dass alle Transaktionen den Anforderungen des Alcohol, Tobacco Tax and Trade Bureau entsprechen.
Weydemuller, ein Gründungsmitglied des Führungsteams mit einem Master in Steuern von der Golden Gate University, war maßgeblich am Wachstum des Unternehmens und an der Sicherstellung von Finanzierungen beteiligt. CEO Todd Sanders betonte, dass diese Beförderung das Engagement des Unternehmens widerspiegelt, während der Expansion die regulatorische Integrität zu wahren. Die Ernennung zielt darauf ab, die Position von DBFX als führende Plattform für Transaktionen mit Fässern gereifter Spirituosen zu stärken.
- Strategic appointment of experienced executive with relevant taxation and regulatory expertise
- Internal promotion demonstrates strong succession planning and retention of key talent
- None.
SCOTTSDALE, AZ / ACCESS Newswire / January 28, 2025 / Spirits Capital Corporation, a fintech company that seamlessly integrates technology with the global production, management, and transactional needs of the barrel-aged spirits market and the creator the Distilled Barrels Financial Exchange DBFEX™, announces the promotion of Michael Weydemuller to Chief Compliance Officer. In this expanded role, Michael will leverage his deep expertise in taxation and regulatory compliance to ensure that all transactions on Spirits Capital's flagship platform, the Distilled Barrels Financial Exchange (DBFEX™), are fully aligned with the stringent requirements set forth by the Alcohol, Tobacco Tax and Trade Bureau.
As one of the founding members of Spirits Capital's executive team, Michael has been a driving force in the company's rapid growth and success. In his previous position as Chief Investment Officer, he played a key role in securing funding and strategically positioning the company as a leader in the barrel-aged spirits sector. His promotion underscores the critical importance of compliance in the company's next phase of growth.
"Michael's unique skill set, his unwavering dedication, and his deep knowledge of regulatory frameworks make him the ideal choice to lead compliance efforts as we scale," said Todd Sanders, Chairman & CEO of Spirits Capital Corporation. "As we continue to establish the Distilled Barrels Financial Exchange (DBFEX™) as the gold standard in barrel-aged spirits transactions, Michael will ensure that every aspect of our operations meets the highest legal and regulatory standards. His leadership is crucial in maintaining the integrity and trust that our customers and partners expect."
Michael's qualifications include a Master's in Taxation from Golden Gate University and years of experience navigating the complexities of compliance and regulatory frameworks, particularly in the spirits and financial sectors. His attention to detail and commitment to excellence will play an integral role in positioning DBFEX™ as the most trusted and compliant exchange in the industry.
"I'm honored to take on this new role and excited about the challenge of ensuring that Spirits Capital, and DBFEX™ in particular, remains a paragon of compliance in an evolving industry," said Michael Weydemuller. "The work we're doing is not only groundbreaking, but it is also critical to shaping the future of barrel-aged spirits transactions. My goal is to ensure that each unique transaction on DBFEX™ is fully compliant and supports the high standards that our stakeholders rely on."
With this strategic promotion, Spirits Capital Corporation reaffirms its commitment to maintaining the highest levels of regulatory integrity while continuing to drive innovation in the barrel-aged spirits sector.
About The Distilled Barrels Financial Exchange DBFEX™
The Distilled Barrels Financial Exchange (DBFEX™) is the world's first digital marketplace designed to transform how distilleries, brands, institutional investors, and brokers engage in a secure and transparent trading environment. DBFEX™ is not just a marketplace; it is a community where every barrel tells a story. The platform enables members to buy, sell, and trade barrels in a trusted space, unlocking the potential of both inventory and investment. Whether you're a seasoned investor, a distillery optimizing its assets, or a new brand exploring the world of whiskey, DBFEX™ offers an exclusive gateway to a thriving network of spirits industry professionals. Founded by a team of industry experts from Spirits Capital, DBFEX™ aims to enhance the liquidity of barrel-aged spirits and encourage innovation within the open market. Leveraging real-time inventory tracking and sophisticated data analysis powered by machine learning technology, DBFEX™ delivers easy-to-use tools for both buyers and sellers. With a focus on security and authenticity, the platform ensures every transaction respects the craftsmanship behind these cherished beverages.
DBFEX™ is a dynamic fusion of tradition and technology, seamlessly blending the legacy of one of America's oldest industries with the capabilities of modern fintech.
Visit www.DBFEX.com for more information.
About Spirits Capital Corporation
Spirits Capital is a fintech firm that integrates technology with the global production and transactional needs of the barrel-aged spirits industry. The company's flagship offering, the Distilled Barrels Financial Exchange (DBFEX™), is the first global digital marketplace for buying and selling barrel-aged spirits, aiming to modernize and streamline the trading of this unique asset class.
For more information about Spirits Capital, visit www.spiritscap.com.
Media Contact
Adam Handelsman
Vice President of Corporate Communications
Spirits Capital
512-363-0596
Adam@spiritscap.com
Investor Contact
Kelsee Pottorff
Vice President of Investor Relations
Spirits Capital
949-674-0355
Kelsee@spiritscap.com
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
SOURCE: Spirits Capital Corporation
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