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B-F Announces New Leadership Appointments; Lays Off 12% of Workforce

Dear Client:   This morning Brown-Forman announced several strategic initiatives, including a spate of leadership changes, a 12% workforce reduction, and closing its Louisville-based cooperage, "to position the company for continued growth in the dynamic global spirits market," per release.  NEW LEADERSHIP STRUCTURE. Effective today, Jeremy Shepherd will take on the role of cmo. He previously led the USA & Canada division. Taking over the US & Canada will be Michael Masick who has been named president, Americas. Michael's expanded

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