Key facts
- Brown-Forman CEO Lawson Whiting plans to retire.
- A successor will be appointed before Whiting's retirement.
- The company is searching for a new CEO.
- Brown-Forman is the maker of Jack Daniel's.
Lawson Whiting, the Chief Executive and President of Brown-Forman, the company behind the Jack Daniel's brand, intends to retire. His departure will occur after a successor has been named, according to a report from The Wall Street Journal citing sources close to the matter. The company is initiating a search for his replacement. Brown-Forman faces a prolonged slowdown in alcohol consumption impacting demand.