Pyramid Breweries has announced that its chief financial officer and vice president is to resign. James K. Hilger is to stand down on 16 September to join a national health care company, the brewer said yesterday (6 September).

In a filing with the Securities and Exchange Commission, Pyramid said that Hilger tended his resignation last Wednesday, but did not name the company he is leaving to join.

Controller and chief accounting officer Jason Rees has been appointed vice president of finance, the filing added. Rees will assume the position on 17 September.

The filing also said that, subject to approval by the company's compensation committee, Rees will receive an option under Pyramid Breweries' 2004 equity incentive plan to purchase 60,000 shares of the company's common stock at a price per share equal to the closing price of the company's common stock on the date of grant.

Rees will also be entitled to participate in both the company's officer incentive plan and 2005 alternate incentive compensation plan at the 15% vice president allocation of the bonus pool for each plan, according to the filing.