Craft Brew Alliance Inc. (CBA) announced that Mark D. Moreland, chief financial officer, will transition out of the CFO role effective Dec. 31, 2014, and will assist the company in a consultant capacity through the middle of 2015. The company is initiating the search for a new CFO.
“During the past six years, Mark has played an instrumental role in helping evolve CBA to the healthy and growing company that we are today,” said Andy Thomas, chief executive officer, CBA. “From the initial merger between Widmer Brothers and Redhook, to the addition of Kona Brewing in 2010, and most recently, the expanded operations in Memphis, his leadership and financial expertise have been indispensable. On behalf of the entire company, I am deeply grateful for Mark’s many contributions, as well as his passion and commitment to CBA’s success during these years. We wish him the very best in his next endeavor.”
Moreland has served as the principal financial officer of the company since 2008. He initially joined Widmer Brothers Brewing as CFO in April 2008 in preparation for the merger of Widmer Brothers and Redhook and has served as CBA’s chief financial officer since the merger in July 2008. Before joining the company, Moreland was Executive Vice President and Chief Financial Officer of Knowledge Learning Corporation and held various senior-level finance positions, including interim CFO, with Movie Gallery, Inc. and Hollywood Entertainment Corporation, which Movie Gallery acquired in 2005. Moreland received an MBA from the University of Michigan and a B.S. in Economics from the University of Texas at Arlington.
“I have been very fortunate to have had the opportunity to help CBA nearly double its revenue, while significantly improving its financial health over the last six years. I am confident CBA will continue to set itself apart in an increasingly competitive market,” Moreland said. “I look forward to helping the team continue to advance the company’s strategy in the first half of next year, and am also excited to pursue new opportunities in my professional career.”
Moreland will continue to direct the company’s finance organization through the end of the year. Beginning Jan. 1, 2015, he will serve as a senior consultant to assist in the CFO transition through May 31, 2015.