Brown–Forman

CEO Lawson Whiting and CFO Leanne Cunningham have steered the company through supply chain, inflation, and demand swings while preserving balance sheet strength and dividend continuity.

The Brown family’s majority voting control (dual‑class structure) supports long-term orientation in a category with multi‑year aging cycles and large brand investments. Governance is a controlled‑company variant but historically balanced with independent oversight.

We view management as rational stewards who are simplifying the portfolio, tightening costs, and evolving route‑to‑market, albeit with typical execution risk in a transition year.