Craft Brew Alliance, Inc. announced that Pursuant to the terms of the Merger Agreement, and effective as of the Effective Time, Timothy P. Boyle, Marc J. Cramer, Paul D. Davis, Matthew E. Gilbertson, Kevin R. Kelly, David R. Lord, Nickolas A. Mills and Jacqueline S. Woodward resigned from their positions as members of the board of directors of the Company and from any and all committees of the board of directors on which they served. In addition, immediately following the Effective Time, Derek Y. Hahm (in his capacity as Vice President, Sales and Brewpubs), Kenneth C. Kunze (in his capacity as Vice President, Chief Marketing Officer), J. Scott Mennen (in his capacity as Vice President, Chief Operating Officer), Daniel J. Partelow (in his capacity as Vice President, Commercial Development), Peter W. Schauf (in his capacity as Vice President, International), Marcus H. Reed (in his capacity as Corporate Secretary) and Mary Ann Frantz (in her capacity as Assistant Secretary) ceased to serve in their respective positions for the Company.