"Marc Hamburg, the longtime SVP and CFO at Berkshire, will retire on June 1, 2027, after 40 years of service, the massive American conglomerate and holding company announced on Monday. Hamburg, who joined Berkshire in 1987, will be succeeded by Charles C. Chang, who was appointed SVP and CFO effective June 1, 2026. Chang is currently SVP, CFO, and director of Berkshire Hathaway Energy. He will work with Hamburg during a transition period."
"Abel, whose tenure as CEO will soon begin, joined Buffett's ecosystem a quarter-century ago when Berkshire entered the energy field. As CEO of Berkshire Hathaway Energy starting in 2008, the business grew significantly to include a vast portfolio of utilities, pipelines, natural gas plants, and wind and solar farms, Fortune reported. Since 2018, Abel has served as vice chairman of Berkshire's non-insurance operations."
Marc Hamburg will retire as SVP and CFO of Berkshire Hathaway on June 1, 2027, after 40 years with the company. Charles C. Chang, currently SVP, CFO, and director of Berkshire Hathaway Energy, was appointed SVP and CFO effective June 1, 2026, and will work with Hamburg during a transition period. Warren Buffett will step down as CEO at year-end and be succeeded by Greg Abel, who will remain within Berkshire leadership while Buffett stays on as chairman. Abel expanded Berkshire Hathaway Energy since 2008 into utilities, pipelines, natural gas, and renewable generation. Chang joined Berkshire Hathaway Energy in October 2024 and will partner with Abel in leading the firm.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]