LOUISVILLE, KY – Brown-Forman Corporation (NYSE:BF.A), a leading beverage company with a market capitalization of $19.4 billion, announced the upcoming retirement of its Senior Vice President, Chief Accounting Officer, Kelli Nelson Brown, and the appointment of Angela S. Enyard as her successor.
The transition comes as the company maintains strong operational performance with impressive gross profit margins of 59.21%, according to InvestingPro data. The transition is part of a planned succession with Ms. Brown set to retire on April 30, 2025, and Ms. Enyard assuming the role effective May 1, 2025.
Angela S. Enyard, 37, has been with Brown-Forman since 2013, most recently serving as Vice President, Global Business Solutions. Her career began in public accounting with KPMG, and she holds a Master of Science degree in Accounting from the University of Kentucky. In her tenure at Brown-Forman, Enyard has held various positions of increasing responsibility, including Finance Director for Distilleries and Barrel Whiskey Inventory.
In line with her new role, Ms. Enyard's compensation package will be adjusted. Starting May 1, 2025, her annual salary, inclusive of holiday bonus, will be $291,676. She will also have short-term and long-term equity incentive compensation opportunities at target values of $110,200 and $186,300, respectively.
The details of these compensation arrangements align with the executive compensation program outlined in the company's definitive proxy statement for the 2024 Annual Meeting of Stockholders, filed with the SEC on June 21, 2024.
This executive movement reflects Brown-Forman's commitment to internal leadership development and continuity in its financial management. The information regarding these changes in the company's executive structure is based on a press release statement filed with the Securities and Exchange Commission on December 19, 2024.
Brown-Forman, headquartered in Louisville, Kentucky, is incorporated in Delaware and has been a longstanding manufacturer in the beverage industry, known for its wide array of alcoholic products. The company has demonstrated strong shareholder commitment with 54 consecutive years of dividend payments, currently yielding 2.23%.
InvestingPro analysis suggests the stock is currently trading below its Fair Value, with shares near their 52-week low of $39.33. The company's shares are traded on the New York Stock Exchange under the tickers BF.A for Class A Common Stock and BF.B for Class B Common Stock. For detailed financial analysis and additional insights, investors can access more than 10 exclusive ProTips and comprehensive metrics through InvestingPro.
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