{"id":476866,"date":"2021-04-15T08:29:05","date_gmt":"2021-04-15T12:29:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brown-forman-announces-cfo-leadership-change\/"},"modified":"2021-04-15T08:29:05","modified_gmt":"2021-04-15T12:29:05","slug":"brown-forman-announces-cfo-leadership-change","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brown-forman-announces-cfo-leadership-change\/","title":{"rendered":"Brown-Forman Announces CFO Leadership Change"},"content":{"rendered":"

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Brown-Forman Announces CFO Leadership Change<\/b><\/p>\n

LOUISVILLE, Ky.–(BUSINESS WIRE<\/a>)–
\nBrown-Forman Corporation (NYSE:BFA) (NYSE:BFB) announces today a leadership change in its chief financial officer (CFO) role. Jane Morreau, executive vice president, chief financial officer, will be leaving Brown-Forman after a nearly three-decade career at the company on July 1. Leanne Cunningham, senior vice president, shareholder relations officer, global commercial finance and financial planning and analysis, has been appointed chief financial officer, to succeed Morreau on July 2.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210415005585\/en\/<\/a><\/p>\n

\"Jane<\/p>\n

Jane Morreau (Photo: Business Wire)<\/p>\n<\/div>\n

\nMorreau joined Brown-Forman in 1991 and ascended through the finance ranks in planning and analytics, corporate financial reporting, capital management, and commercial finance, eventually becoming the company\u2019s first female controller and chief accounting officer (CAO). In 2008, she became a member of the Executive Leadership Team and, in addition to her role as CAO, also assumed responsibility for global production finance, brands and commercial finance, and information technology (IT). In 2013, Morreau assumed the role of chief production officer (CPO) and head of information technology before being promoted to chief financial officer a year later. As CFO, Morreau has spearheaded innovative capital investment strategies, resource allocation models, business transformation efforts, and implemented analytic tools and technologies that have been instrumental to achieving the company\u2019s corporate ambitions. She leaves a legacy of furthering the globalization of Brown-Forman\u2019s business, reshaping its portfolio of consumer brands, and developing leaders across the globe. Additionally, Morreau has been a tireless champion of the company\u2019s environmental, social, and corporate governance (ESG) initiatives and a visible and vocal advocate for diversity and inclusion programs and outcomes.\n<\/p>\n

\n\u201cJane has been a valuable leader to the company, guiding many strategic transactions, sharing thought leadership, providing disciplined financial acumen, and leading our information technology and global production functions,\u201d said President and Chief Executive Officer Lawson Whiting. \u201cMost recently her financial leadership throughout the pandemic and tariff policy implementation has helped Brown-Forman continue to be a strong investment for our shareholders. Jane has also served in an important leadership role in advancing our diversity and inclusion efforts, making positive impacts on our business and our people around the world. We thank Jane for her lasting contributions to Brown-Forman over many years that have positioned us for continued success going forward.\u201d\n<\/p>\n

\nMorreau added, <\/i>\u201cI deeply value the opportunities I\u2019ve had and the relationships I\u2019ve built over the last thirty years at Brown-Forman. I have been able to grow and thrive while also making an impact on the community and people around me. I have contributed to the growth of our people and our brands around the world and I am especially proud of the work done by the Finance and IT teams during my tenure. These teams are delivering top-tier performance and strategic insight-driven recommendations that will continue to ensure there is \u2018Nothing Better in the Market.\u2019\u201d\n<\/p>\n

\nCunningham has served Brown-Forman for more than 25 years in a variety of roles. Currently, she is responsible for the strategy, direction, and oversight of financial forecasting and reporting across the global business, and for cultivating relationships with the investment community, to include our largest group of shareholders, the Brown family. She spent many years in our global production operations, having served as general manager, Brown-Forman Brands, where she led teams through the acquisition and integration of The Benriach Distillery Company Limited and the establishment of the Slane and Old Forester distilleries. Cunningham held roles as director of finance and chief of staff\/director of business development for Global Production, as well as roles in corporate strategy, accounting, and commercial finance functions.\n<\/p>\n

\n\u201cLeanne brings a diverse set of experiences to the role of chief financial officer, having spent time in the core of our business – production – as well as guiding our important long-term strategic decisions through her leadership in multiple finance roles,\u201d said Whiting. \u201cIn addition, Leanne is a proven leader with relationships in the investment community and with our long-term shareholders. I look forward to working with her in this critical role and as part of Brown-Forman\u2019s executive leadership team.\u201d\n<\/p>\n

\nCunningham added, \u201cI look forward to joining the leadership team and leading the finance organization to contribute to Brown-Forman\u2019s long-term success as the company continues to grow globally.\u201d\n<\/p>\n

\nFor over 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel\u2019s Tennessee Whiskey, Jack Daniel\u2019s Tennessee RTDs, Jack Daniel\u2019s Tennessee Honey, Jack Daniel\u2019s Tennessee Apple, Jack Daniel\u2019s Tennessee Fire, Gentleman Jack, Jack Daniel\u2019s Single Barrel, Finlandia, Korbel, el Jimador, Woodford Reserve, Old Forester, Coopers\u2019 Craft, Herradura, New Mix, Sonoma-Cutrer, Chambord, Benriach, GlenDronach, Glenglassaugh, Slane, and Fords Gin. Brown-Forman\u2019s brands are supported by approximately 4,800 employees and sold in more than 170 countries worldwide. For more information about the company, please visit http:\/\/www.brown-forman.com\/<\/a>.\n<\/p>\n

Important Information on Forward-Looking Statements:<\/b><\/p>\n

\nThis press release contains statements, estimates, and projections that are \u201cforward-looking statements\u201d as defined under U.S. federal securities laws. Words such as \u201caim,\u201d \u201canticipate,\u201d \u201caspire,\u201d \u201cbelieve,\u201d \u201ccan,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cenvision,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cexpectation,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cpursue,\u201d \u201csee,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d and similar words indicate forward-looking statements, which speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. These risks and uncertainties include, but are not limited to:\n<\/p>\n