USA: Michael Schott Resigns as CEO of East Coast Beverage
East Coast Beverage Corporation (OTC Bulletin Board: ECBV), a leading producer of ready-to-drink iced-coffee beverages, announced today that its Board of Directors has accepted the resignation of Michael Schott, 52, who had been appointed the Company's CEO and a director on September 12, 2000. The resignation was effective September 16, 2000. Chairman John Calebrese, 48, will resume his previous position of CEO, also effective immediately. President & Chief Operating Officer Alex Garabedian, 46, remains with the Company.According to the announcement by Calebrese, "We wish Mike all the best for his future, and are committed to maximizing the opportunities for East Coast Beverage and our increasingly popular Coffee House USA line of all-natural coffee drinks."
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