Brown Forman (BF.B) CEO Lawson Whiting Announces Retirement

Brown-Forman (NYSE: BF.B) CEO Lawson E. Whiting announced his retirement as the company faces weaker sales and operational pressures. The board has started a succession process to identify Whiting's successor and manage the leadership transition. The change at the top comes as Brown-Forman deals with ongoing headwinds in its core markets and reviews its long term direction. This kind of leadership change at a major consumer stock often pushes investors to reassess income-focused holdings...