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NativeAdVantage 10-Q2BA:

(10 Questions 2B Answered)

What do you do best?
What makes you the best?
Biggest success?
What are your aspirations?
Most challenging moment?
Favorite Motto?
Favorite People?
Favorite Places?
Favorite Products?
Current Passions?


Featured NativeAdVantage:

Andy Weir: Author of "The Martian"

John Philipson: VP, Six Senses Resorts

Tom Sito: Chair of Animation, USC Film School

Elizabeth Wynn: Broker, Sotheby's RE

Leonard Greenhalgh: Professor, Tuck-Darmouth)

Ryan Blair: NY Times Best Selling Author/Entrepreneur

 

Featured NativeAdVice:

Shai Reshef: Founder of University of the People

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Susan Hatje: GM of Mandarin Oriental, NY

Dan Laufer: Co-Founder of RentLingo

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Greg Marsh: Co-Founder of onefinestay

Omar Qari: Co-Founder of Abacus

Gabriell Weinberg: Founder of DuckDuckGo

Stacy Rauen: E-I-C of Hospitality Design Mag

Jon Gray: CRO of HomeAway

Joe Speiser: Co-Founder of LittleThings.com

Ben McKean: Co-Founder of HungryRoot

John Boiler: Founder/CEO of 72andSunny

Wayne Pacelle: CEO of The Humane Society of the US

Tom Guay: GM at The Sagamore Resort

Dr. Alejandro Junger: Founder of The Clean Program

Rob Flaherty: CEO of Ketchum

Neil Thanedar: Founder/CEO of LabDoor

Andy Grinsfelder: VP of Sales/Marketing, Delaware North Resorts

Laura Frerer-Schmidt: VP/Publisher of Women's Health

Avi Steinlauf: CEO of Edmunds.com

Kathy Bloomgarden: CEO of Ruder Finn

Gabriel Flateman: Co-Founder/CTO of Casper

Mark Bartels: CEO of StumbleUpon

Bill Hagelstein: President/CEO of RPA

Adam Singolda: Founder/CEO of Taboola

Jonathan Plutzik: Proprietor of The Betsy-South Beach

Jessica Scorpio: Founder/VP of Marketing at GetAround

Ralph McRae: CEO of Leading Brands

Warren Berger: Bestselling Author

Liz Kaplow: Founder/CEO of Kaplow Communications

Dave Girouard: Founder/CEO of UpStart

Dave Asprey: Founder of BullectProof Executive

Douglas C. Smith: President of EDSA

Val Difebo: CEO of Deutsch NY

Guido Polito: CEO of Baglioni Hotels

Doyle Graham, Jr.: CEO of Valencia Group

Oscar Farinetti: Founder of Eataly

Angelo Sotira: CEO of DeviantART

Ali Khwaja: CFO of Safecharge

Zach Erdem: Proprietor of 75 Main

Jim Beley: GM of The Umstead Hotel

Alexis Gelburd-Kimler: Proprietor of West Bridge

Elie Georges: Proprietor of Hotel San Regis

Kalen Caughey: Founder o VOKE Tab

Michael Friedenberg: CEO of IDG

Donna Karan: Founder of DKNY

Edward Nardoza: Editor-in-Chief of WWD

Scott Dadich: Editor-in-Chief of Wired

Rhona Murphy: Former CEO of The Daily Beast

David J. Pecker: CEO of American Media

Lilian Roten: VP of Swissotel Hotels

Kenny Dichter: Founder/CEO of Wheels Up

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Paul James: Global Brand Leader of The Luxury Collection

Dr. James Wagner: President of Emory University

Amy Thompson: President of ATM Artists & Management

Neil Gillis: President of Round Hill Music

Brett Matteson: President of Columbia Hospitality

Jonathan Reckford: CEO of Habitat For Humanity

Phil Harrison: President/CEO of Perkins+Will

Chef Bill Telepan

Tony Horton: Founder of P90X

Beth Weissenberger: Co-Founder of The Handel Group

Michael Fertik: Founder/CEO of Reputation.com

Dana Cowin: Editor-in-Chief of Food & Wine

Bob Proctor: Chairman of Proctor/Gallagher Institute

Dennis Turcinovic: Owner of Delmonicos

Vittorio Assaf: Co-Founder of Serafina Restaurant Group

Shafqat Islam: Co-Founder of Newscred

Matt Williams: CEO of The Martin Agency

Bruce Rogers: Executive Chef at Hale & Hearty

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Stephan Aarstol: Founder/CEO of Tower Paddle Boards

Peter Shaindlin: COO of Halekulani Corp.

August Cardona: Founder/CEO of Epicurean Group

Nick Kenner: Co-Founder of Just Salad

Thursday
Oct022014

Ed Pechar: Chairman of McCormick Distilling Company 

My NativeAdVIce:

How did you get into the Beverage Industry?

Quite frankly, it was by accident.  I needed a job while I was in law school, so I worked for one of the major liquor companies at the time, Schenley Distillers.  I started in the purchasing department buying bottles and caps.  Over the years, I held a variety of positions, working my way up to management and eventually president – but that wasn’t my original plan.  I had planned to leave after graduating from law school and passing the bar, but they talked me into staying, and here I am 45 years later.  While at Schenley, I partnered with my colleague and friend Mike Griesser, also an attorney, and we began acquiring our own businesses, starting with Virgin Islands Rum Industries, Ltd.  We parlayed our ownership of that business into the acquisition of McCormick Distilling Company, where I remain to

day after more than 20 years.   At McCormick, we have an ongoing commitment to innovation, which is how 360 Vodka was born.

What inspired the creation of 360 Vodka and what is your vision for the brand?

When we launched 360 Vodka, there was a great deal of emphasis on the environmental movement and there was no product in the luxury category that addressed the matter of sustainability.   We knew we could demonstrate our commitment to the environment by creating an eco-luxury, sustainable brand that was packaged in a beautiful bottle, made from recycled glass with labels made from recycled paper, filled with the smoothest tasting vodka, and there would be a market for it.   As 360 Vodka continues to grow, our vision remains the same: to create the best quality vodka.

What differentiates 360 Vodka from other vodkas?

360 Vodka is the only eco-luxury sustainable vodka on the market today, and it offers an award winning taste without the inflated price tag.  Everything for the brand is produced locally, from the glass to the grain, distillation, and more, which reduces our carbon footprint and ensures precious energy isn’t wasted.  

What trends are you noticing in the beverage industry and how do you capitalize upon them?

In an industry where the trends are ever-changing, the current most obvious trend is the popularity of what we call brown goods – whiskies, bourbons, rye and their variations.  Time honored products, such as bourbon, now even come in flavored versions such as honey, cherry, or cinnamon.  While McCormick does not maintain a large whiskey portfolio, we recently introduced an entry called Triple Crown North American Blended Whiskey which is doing extremely well in key markets where it has been released.

What strategic partnerships are you implementing that have contributed to 360 Vodka’s success?

In the beverage alcohol industry our distributor partnerships are key.  They helped us secure the position of growth we’re in today, which is leading to expanded distribution.   Also, our relationship with Global Green USA has also been important as it celebrates our key point of differentiation among audiences who share our commitment to the environment.  

Describe an ideal situation to drink 360 Vodka.

The best thing about 360 Vodka is that as a clean white spirit, it can be enjoyed any time of the year and any time of the day.  I love it with lemonade on a warm summer afternoon, but after a long day of work, a 360 dry martini works every time.

Life Motto?

Just because it’s work doesn’t mean it can’t be fun.  

If there was one food and drink left on earth, what wold you choose?

A corned beef sandwich (from the Carnegie Deli) and a cold beer.


Role model?

Howard S. Feldman without a doubt.  I had the pleasure of working for him when he was the CEO of Schenley Industries, Inc., and he remains my very dear friend and mentor to this day.  At 96 he still travels extensively and enjoys life to the fullest, which we should all aspire to achieve.

You're advice to an aspiring entrepreneur?

Try not to get locked into a notion of where you are heading in life, because there will be unexpected twists and turns along the way, and it’s OK to try a different path or opportunity if it’s presented to you.   I didn’t expect to become an executive in the beverage industry – I thought would be the next Perry Mason – but here I am 45 years later with a wonderful career that I’ve enjoyed every minute of, and it’s far from over.   

Literature on your bed stand?

I don’t read in bed, but I am finishing the Robert Caro biographical series on Lyndon B. Johnson, and I’m presently reading a Matter of Intelligence, a fascinating history of the British surveillance of anti-Nazi refugees in the years following World War II.   For lighter reading, I’m enjoying the latest Jack Reacher novel by Lee Child.

Favorite travel destination?

Every spring, my wife and I go to Maui to watch the humpback whales as they birth their calves just off the coast.  It’s a beautiful island and one of the places I’m most able to relax.  

Most interesting headline you've read this week?

The US bombing in Syria.  The whole story unfolding in the Middle East should capture everyone’s attention because the potential for another prolonged conflict is something we should all be concerned about.


What’s next for 360 Vodka?

Onward and upward.  Our current path has been very successful when looking at sales growth, but we do have some interesting plans for packaging, with our Patriot bottle being the prime example.  We produced this patriotic packaging exclusively for the national holidays such as Memorial Day and the Fourth of July and we will continue to look for other limited edition packaging opportunities.  Most of all, we will continue to put the best quality spirit we can in sustainable packaging with widespread distribution so everyone can enjoy it. 

---------------------------------------------------------------------------------

Edward Pechar is a native of Omaha and graduate of Omaha South High School and UNO (then University of Omaha) in 1963 with a liberal arts degree in speech communication.  In 1972 he obtained a Juris Doctor degree for the Salmon P. Chase College of Law in Cincinnati, Ohio, and was admitted to the Ohio and Federal Bar that year.

After serving in the Air Force and completing a tour in Vietnam he returned to civilian life and was employed by Schenley Distillers, Inc.  Over a 21 year career he held numerous executive positions in manufacturing, labor relations, HR and administration, culminating with being named President of the company in 1984.

He acquired Virgin Islands Rum Industries, Ltd., St. Croix, USVI, in 1987, marketing trademarks Cruzan Rum, Estate Diamond and others, and the company became the largest bulk rum supplier to U.S. bottlers and rectifiers.  He sold the company in 1994.

He acquired McCormick Distilling Company in 1993 and has served as Chairman of the Board since that time.  McCormick produces and markets McCormick Vodka, 360 Vodka, Tequila Rose strawberry cream, Triple Crown American Whiskey and many other brands and does business in all 50 states and 57 foreign countries.

He and his wife of many years, Maxine, have three children and three grandchildren, and divide their time between homes in Dallas, Texas and Bel Air, California.

He is a contributor to various civic charities, concentrating largely on those dealing with underprivileged youth.  He is a past board member of CASA (Court Appointed Special Advocate) in Collin County, Texas, and he is the sponsor and benefactor of the Edward A. Pechar Scholarship fund for UNO students, which is administered through the NU Foundation.