Brown-Forman Corporation (NYSE:BFA, BFB) announced that Campbell P. Brown will step down as Chair of the Brown-Forman Board of Directors in July. 

Subject to his reelection at the annual meeting, he will continue to serve on the Board as a Director. Marshall B. Farrer, a fifth-generation descendent of the company’s founder and a current Director of the Board, will assume the role of Chair of the Board, subject to his reelection to the Board.

“It has been an honor to serve as Chair of the Board and to work alongside the many talented professionals who comprise Brown-Forman’s Board of Directors and Executive Leadership Team,” Brown said in a news release. “Brown-Forman has always believed that thoughtful, well-planned leadership transitions strengthen our company for the long term. After working closely with Board leadership, the time is right to entrust the role of Chair to my cousin and fellow Board member, Marshall Farrer.” 

“We extend our deepest gratitude to Campbell for his exceptional leadership as Board Chair,” Michael Todman, Lead Independent Director, said. “His fresh perspectives, unwavering trust, and strategic guidance have been invaluable during his tenure. We are grateful for his steady hand and approach, which have significantly contributed to Brown-Forman’s success.” 

During Brown’s tenure, Brown-Forman continued its premium portfolio reshaping through the acquisitions of Gin Mare and Diplomático Rum. Brown led the Board through periods of significant volatility, including a pandemic, supply chain disruptions, macroeconomic challenges, and tariffs on American whiskey, and facilitated the selection and integration of four new Board members. 

His balanced thinking, depth of experience across the company’s organizations, and aptitude for bringing people together, provided a strong foundation of leadership through the four years served as Chair.

Brown-Forman President and CEO Lawson Whiting added, “Campbell has been a strategic thought partner to me for many years. His unique perspective as a fifth-generation Brown family member and a leader with brand and commercial experience has been invaluable. Throughout his years of service, from employee to Board member to Board Chair, Campbell has demonstrated an unparalleled commitment to Brown-Forman and its people.”

Whiting continued, “As we look to the future, Marshall’s strategic vision and deep industry expertise will be key as we navigate the next chapter of growth at Brown-Forman. This transition represents the continuation of a legacy of stewardship that underscores the shared belief that there is truly ‘Nothing Better in the Market’ than Brown-Forman.”

“Marshall’s exemplary leadership and understanding of the global potential of the company’s portfolio and partnerships will undoubtedly elevate Brown-Forman to new heights,” Tracy Skeans, Chair, Corporate Governance and Nominating Committee, said. “The Board looks forward to collaborating with him to drive innovation and encourage the company’s long-term success.”

“Being named Chair of the Board is a profound honor, and I am deeply grateful for the trust placed in me by my fellow Board members,” Farrer said. “I look forward to building on the strong foundation laid by Campbell and continuing our legacy of strategic growth.” 

Farrer will become the eleventh Brown family member and third fifth-generation family member to serve as Chair of the Board of Directors.

Read more: Brown-Forman Releases Financial Reports for Q01 Fiscal 2025

About Brown-Forman

Brown-Forman Corporation has been building spirits brands for more than 150 years. The portfolio of brands includes the Jack Daniel’s Family of Brands, Woodford Reserve, Herradura, el Jimador, Korbel, New Mix, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers’ Craft. With a team of approximately 5,700 employees worldwide, products are available in more than 170 countries. For more information, visit https://www.brown-forman.com/.