Brown-Forman appoints CFO

Jack Daniel’s owner Brown-Forman has named Leanne Cunningham as its new chief financial officer, taking over from Jane Morreau on 2 July.

Cunningham, senior vice president, shareholder relations officer, global commercial finance and financial planning and analysis, has worked at Brown-Forman for more than 25 years.

In her current position, Cunningham is responsible for financial forecasting and reporting across the global business.

She also helped lead the acquisition and integration of Benriach Distillery Company, and established the Slane and Old Forrester distilleries, Brown-Forman said.

Cunningham has held roles as director of finance, as well as positions in global production, corporate strategy, accounting and commercial finance.

Lawson Whiting, Brown-Forman president and CEO, said: “Leanne brings a diverse set of experiences to the role of chief financial officer, having spent time in the core of our business – production – as well as guiding our important long-term strategic decisions through her leadership in multiple finance roles.”

‘Valuable leader’

Morreau, executive vice president and chief financial officer (CFO), will leave Brown-Forman on 1 July after nearly 30 years at the company.

Morreau joined Brown-Forman in 1991 and eventually became the firm’s first female controller and chief accounting officer. She joined Brown-Forman’s executive leadership team in 2008 and her role was expanded to include responsibility for global production finance, brands and commercial finance, and IT.

Morreau became chief production officer and head of IT in 2013, before taking on her current role a year later.

As CFO, Morreau has led capital investment strategies, resource allocation models, business transformation efforts, and implemented analytic tools and technology.

“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 Brown-Forman’s president and CEO, 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.”


Go to Source
Author: Nicola Carruthers {authorlink}