Brown-Forman Announces CFO Leadership Change

Brown-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.

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Jane Morreau (Photo: Business Wire)

Morreau 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’s 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’s corporate ambitions. She leaves a legacy of furthering the globalization of Brown-Forman’s business, reshaping its portfolio of consumer brands, and developing leaders across the globe. Additionally, Morreau has been a tireless champion of the company’s environmental, social, and corporate governance (ESG) initiatives and a visible and vocal advocate for diversity and inclusion programs and outcomes.

“Jane 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,” said President and Chief Executive Officer Lawson Whiting. “Most 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.”