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Brown Forman A (BF.A) has issued an update.
Thomas W. Hinrichs, President of Emerging International at Brown-Forman Corporation, is set to retire on June 30, 2024, and Michael A. Masick will take over the role the following day. To ensure a smooth transition, Hinrichs will provide consulting services to the company until April 30, 2025, for a monthly fee of $127,000. This leadership change was officially announced by the company in a press release on May 8, 2024.
For an in-depth examination of BF.A stock, go to TipRanks’ Stock Analysis page.