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    BROWN FORMAN CORP (BF-A)

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    Brown-Forman Corporation (BF-A) is a global producer and marketer of premium alcoholic beverages, headquartered in Louisville, Kentucky. The company specializes in the production and distribution of spirits, including whiskey, tequila, and ready-to-drink (RTD) products, catering to consumers across the United States, developed international markets, and emerging markets. Its portfolio includes iconic brands such as Jack Daniel's, Woodford Reserve, and Herradura, emphasizing premiumization and innovation to meet evolving consumer preferences.

    1. Whiskey - Produces and markets a range of premium whiskey brands, including Jack Daniel's Tennessee Whiskey, Woodford Reserve, Old Forester, and Gentleman Jack.
    2. Ready-to-Drink (RTD) - Offers convenient, pre-mixed alcoholic beverages, including Jack Daniel's RTD/RTP products and New Mix.
    3. Tequila - Features premium tequila brands such as el Jimador and Herradura, catering to the growing demand for tequila-based spirits.
    4. Non-branded and Bulk - Includes sales of used barrels, contract bottling services, and non-branded bulk whiskey.
    5. Rest of Portfolio - Comprises various other brands, including Diplomático and Gin Mare, as well as divested brands like Finlandia Vodka and Sonoma-Cutrer.
    NamePositionExternal RolesShort Bio

    Lawson E. Whiting

    ExecutiveBoard

    President and Chief Executive Officer

    Lawson E. Whiting is the President and Chief Executive Officer of Brown-Forman Corporation since January 2019. He previously served as Executive Vice President and Chief Operating Officer from October 2017 to December 2018 and as Chief Brands and Strategy Officer from February 2015 to September 2017. Additionally, he has been a Management Director on the Board of Directors since 2018, further emphasizing his leadership at BF-A.

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    Angela S. Enyard

    Executive

    Senior Vice President, Chief Accounting Officer

    Angela S. Enyard is the Senior Vice President, Chief Accounting Officer at Brown-Forman Corporation since May 1, 2025. She has held several key financial leadership roles within the company since 2013, including Vice President, Global Business Solutions and Finance Director, Distilleries and Barrel Whiskey Inventory.

    Michael E. Carr

    Executive

    Executive Vice President, General Counsel, and Corporate Secretary

    Michael E. Carr, Jr. has held several key legal leadership roles at BF-A, starting as Vice President roles from 2013 and advancing to executing broad corporate responsibilities. He is currently the Executive Vice President, General Counsel, and Corporate Secretary since May 2024, building on his extensive background in legal and corporate governance.

    Program DetailsProgram 1
    Approval DateOctober 2, 2023
    End Date/DurationDecember 2023
    Total Additional Amount$400 million
    Remaining Authorization$0 (Program completed)
    DetailsIntended to enhance shareholder value; repurchased Class A and Class B common stock

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Diplomático Rum brand and related assets

    2023

    Completed on January 5, 2023, the acquisition was executed for $727 million in cash, providing Brown-Forman with key assets including fully acquired equity interests in several companies across Portugal, Panama, and Spain, and access to a super-premium rum brand distributed in over 100 countries.

    Gin Mare Brand and Mareliquid Vantguard

    2022

    Completed on November 3, 2022, this deal, valued at €475 million in cash plus up to €90 million in contingent earn-out payments, secured 100% equity and intellectual property rights of Gin Mare, the largest ultra-premium gin brand globally, to boost Brown-Forman’s premium portfolio.

    No recent press releases or 8-K filings found for BF-A.