Brown-Forman will have a new CFO from February

Brown-Forman will have a new CFO from February

Brown-Forman will have a new CFO from February next year as Don Berg is retiring from the group. 

Berg, who has been with the company for 25 years, will officially step down on 30 April, the end of its financial year, the group announced today (22 November). He will be replaced by Jane Morreau, currently the firm's chief production officer.  

However, Berg will hand over his duties on 31 January to Morreau to ensure an “orderly transition”, the company said. Morreau, who has been with Brown-Forman for 22 years, will also succeed Berg as executive VP. 

"With over 20 years of business and financial experience at Brown-Forman, Jane is well prepared to become our new CFO," said Paul Varga, the group's CEO. 

Morreau's successor as chief production officer will be announced in the "near future", the company said.