BROWN-FORMAN

Chairman CAMPBELL BROWN is stepping down. MARSHALL FARRER, a fifth-generation descendant of the company’s founder and a current board member, will assume the role of chair, subject to his re-election. Brown will continue on the board as a director. During Brown’s four-year tenure, Brown-Forman reshaped its premium portfolio through the acquisition of Gin Mare and Diplomatico Rum. Brown led the board through periods of significant volatility, including the pandemic, supply chain disruptions, macroeconomic challenges, and tariffs on American whiskey.