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Brown-Forman names new CEO

Brown-Forman Corp. named Lawson Whiting as the new CEO of the company, effective Jan. 1, 2019.

He will replace Paul Varga, who is retiring at the end of 2018 but will remain on the drinks company's board.

Whiting currently is the COO and executive vice president of Brown-Forman. Previously, he was chief brands and strategy officer.