Brown-Forman appoints new CFO

25th November, 2013 by Becky Paskin

Brown-Forman has appointed a new chief financial officer as it announced the retirement of current CFO Don Berg on Friday (22 November).

Don-Berg-Brown-Forman

Don Berg is retiring from his position as CFO of Brown-Forman

Berg, who has been with the US drinks group for 25 years in a variety of leadership roles, will retire from his position at the end of the financial year on 30 April 2014.

Replacing Berg is Jane Morreau who is currently serving as senior vice president and chief production officer. She will step up to the position on 31 January 2014 and continue to be assisted by Berg through his retirement date.

“Don’s leadership of the company’s financial operations as CFO over the last six years can be measured simply by viewing the company’s results over that period,” said Paul Varga, CEO of Brown-Forman. “During a period of great global economic instability, Brown-Forman performed at the top of the global spirits industry and generated superb total shareholder returns.  Don and his team were a major factor in these results and we thank him.”

During his tenure with Brown-Forman, Berg led the group’s first emerging markets organisation, as well as spearheading its spirits business across the Americas, overseeing corporate development, corporate strategy, and corporate finance before becoming chief financial officer in 2008.

Morreau meanwhile has been with Brown-Forman for over 22 years, covering roles such as chief accounting officer and director of finance. Her successor as chief production officer will be announced in due course.

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