Brown-Forman Announces Change in Board of Directors Chair - Seite 2

Garvin Brown added, “As I approach my retirement from Board service, I do so knowing the company is in excellent hands and that this transition is happening from a position of strength. Our company is resilient, as evidenced by our ability to withstand the uncertainty and upheaval of 2020, and it’s this resiliency that has allowed us to implement these changes with confidence. Together, Lawson and Campbell bring more than 50 years of beverage alcohol brand-building experience to Brown-Forman and in partnership with the Board, the management team, dedicated employees, and committed shareholders, the company has a bright future and will continue to thrive.”

“It’s been a privilege to lead the Corporate Governance and Nominating Committee since 2011, during which time we’ve worked on and outlined long-term succession planning projects such as this one, and the 2018 announcement on CEO succession,” said John Cook. “In Campbell, we see a true leader who has a history of brand building and a full understanding of the company’s culture and values. He is the right person to assume the role of Chair and to help steward Brown-Forman as we create long-term shareholder value.”

Campbell Brown said, “I am deeply honored by the Board’s decision to appoint me as its incoming Chair. Garvin and John, working alongside Lawson, have created an effective and dynamic Board. It will be my great pleasure to serve in this role and continue the journey George Garvin Brown set us on when he pledged Brown-Forman’s ambition, distilled into five simple words, that there is ‘Nothing Better in the Market.’”

This transition will be completed at the 2021 Annual Meeting of Stockholders.

G. Garvin Brown

G. Garvin Brown is a great-great grandson of the company’s founder. He began his career with Brown-Forman in 1996 as a wine salesperson in Metro New York and progressed through a series of corporate and operational roles. Notably, Garvin served as the Brand Director for Jack Daniel’s Tennessee Whiskey for Europe and Africa and Managing Director of Western Europe and Africa, two roles that further developed his skills as a brand and business leader. He joined the Board of Directors in 2006 as part of a planned transition between the fourth and fifth generations of the Brown family and assumed the responsibilities of Chair of the Board when Owsley Brown II relinquished them in 2007. Garvin is also a founding member of the Brown-Forman/Brown Family Shareholders Committee and a Board member of DendriFund, a foundation focused on the sustainability of elements needed to create excellent bourbon whiskey - wood, water, and grain.