On November 17, 2022, the Board of Directors of Brown-Forman Corporation appointed Mark A. Clouse and Elizabeth A. Smith as directors of the Company, effective November 17, 2022, and January 24, 2023, respectively. The Board has appointed Mr. Clouse to the Compensation Committee of the Board, effective November 17, 2022. The Board has appointed Ms. Smith to the Audit Committee of the Board, effective January 24, 2023.

Clouse is President and Chief Executive Officer of Campbell Soup Company. He brings more than two decades of experience in the food industry with a track record of delivering revenue and earnings growth and generating significant value for shareholders. Prior to joining Campbell, Clouse served as Chief Executive Officer and Director of Pinnacle.

Previously, at Mondelez International, he held key roles including Executive Vice President and Chief Commercial Officer, Executive Vice President and Chief Growth Officer, and Executive Vice President, North America. Clouse joined Kraft Foods after serving in the United States Army as a pilot and a captain. Smith is the former Chief Executive Officer of Bloomin' Brands and was responsible for developing and executing the company's long-term objectives, growth strategies, and initiatives for its portfolio of casual and fine dining brands.

Her leadership was instrumental in the revitalization of the company's core brands, domestically and internationally. Smith also served as Executive Chair and Chairperson of the Bloomin' Brands Board of Directors. Currently, she serves as a member of the Board of Directors of Bloomin' Brands, Hilton Worldwide Holdings Inc., USA Fund for UNICEF, and as Chair of the Atlanta Federal Reserve Board.

Prior to Bloomin' Brands, Smith was President of Avon Products Inc., where she successfully led the company's global marketing, supply chain, information technology, and sales business units. Smith also worked in several roles at Kraft Foods Inc., including Group Vice President and President of the U.S. beverages and grocery sectors.