Brown-Forman Corporation 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 re-election to the Board.
Farrer is well-known in the travel retail world from his time as Managing Director, Global Travel Retail.
“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-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,” said Campbell P. Brown, Chair of the Board.
“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. I look forward to building on the strong foundation laid by Campbell and continuing our legacy of strategic growth,” said Marshall B. Farrer, EVP, Chief Strategic Growth Officer, and Director.
Farrer will become the eleventh Brown family member and third fifth-generation family member to serve as Chair of the Board of Directors.
