Brown-Forman CEO & Board Chair Receive Family Enterprise Leadership Award from Northwestern University

  Brown-Forman CEO & Board Chair Receive Family Enterprise Leadership Award
  from Northwestern University

Business Wire

LOUISVILLE, Ky. -- May 12, 2014

Brown-Forman Corporation’s(NYSE: BFA) (NYSE: BFB) CEO and Board Chairman were
honored with the 2014 Family Enterprise Leadership Award by Northwestern
University Kellogg School of Management’s Center for Family Enterprise on May
7 in a ceremony at the university in Evanston, IL.

The Family Enterprise Leadership Award honors exemplary leadership that
inspires and guides both family and enterprise. “Leading both requires a keen
understanding of how a family’s values and purpose can benefit all the
ownership of a business, including how the power of private, controlling
ownership gives special advantage to the business and how the business can
bring unity and emotional connection to the family,” stated John Ward,
co-director of the Center for Family Enterprises at the Kellogg School of

Brown-Forman was selected for the prestigious honor because family member and
Brown-Forman Chairman of the Board Geo. Garvin Brown IV and non-family company
CEO Paul C. Varga have created a unique partnership over the past seven years.
“Their collaborative leadership model has enabled a transition to and broader
inclusion of the fifth and sixth generations of the family, while enhancing
the company’s governance, global footprint, product mix, profitability, and
market capital value,” Ward said. This leadership model “has also provided the
infrastructure for continuity and the benefit of long-term thinking. As
historic contributors to their communities, the Brown family and company have
also improved coordination of and broadened commitments to philanthropy as a
result of that infrastructure.”

About the Award:

The Center for Family Enterprise created this annual award to recognize unique
contributions of exemplary family enterprise leaders in order to inspire a new
generation of leaders in both family and non-family businesses worldwide. The
award recipients exemplify the values, vision, familial and organizational
effectiveness, and steward capabilities that Kellogg strives to promote
throughout its educational initiatives globally.

For more information, contact: Carol Zsolnay at or by calling 847-491-5731.

For more than 140 years, Brown-Forman Corporation has enriched the experience
of life by responsibly building fine quality beverage alcohol brands,
including Jack Daniel’s Tennessee Whiskey, Southern Comfort, Finlandia, Jack
Daniel’s & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura,
Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman’s
brands are supported by nearly 4,000 employees and sold in approximately 160
countries worldwide. For more information about the company, please visit


Brown-Forman Corporation
Phil Lynch, 502-774-7928
Vice President
Director Corporate Communications and Public Relations
Jay Koval, 502-774-6903
Vice President
Director Investor Relations
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