Brown-Forman (BF-A, BF-B) said Monday that Campbell Brown will step down as board chair in July and will be succeeded by Marshall Farrer, his cousin and a fifth-generation descendent of company's co-founder, George Garvin Brown.
Campbell Brown plans to remain on Brown-Forman board after July, pending re-election, the bourbon, spirits and wine bottler said.
Farrer has been a board member since 2016 after beginning at the company in 1998 as market manager of Brown-Forman's wine division in California. After moving up through positions of increasing responsibility, he was named chief strategic growth officer in 2023.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.