Berkshire Hathaway Inc. Announces Multiple Executive and Board Changes

Berkshire Hathaway Inc. announced that Adam M. Johnson, CEO of NetJets, has been appointed President of the Consumer Products, Service and Retailing businesses of Berkshire Hathaway, effective immediately, while continuing in his role at NetJets. Mr. Johnson brings nearly three decades of experience at NetJets, including 10 years as CEO, where he strengthened operations and built enduring customer relationships across a global platform. The remaining non-insurance businesses ?

including industrial products, building products, BNSF, Berkshire Hathaway Energy, Pilot and McLane ? will remain under Gregory E. Abel?s direct oversight as he assumes the role of President and CEO of Berkshire Hathaway on January 1, 2026. Michael J. O?Sullivan has been appointed Senior Vice President and General Counsel, effective January 1, 2026.

Mr. O?Sullivan joins Berkshire Hathaway from Snap Inc., where he has served as general counsel since 2017. Previously, he practiced law at Munger, Tolles & Olson for more than two decades, advising companies on corporate governance matters, litigation and mergers and acquisitions. His appointment marks the creation of a new position at Berkshire Hathaway, which has for decades primarily utilized external legal counsel for corporate matters.

Marc D. Hamburg, Senior Vice President, will retire from Berkshire Hathaway on June 1, 2027, after 40 years of service. Berkshire Hathaway extends its gratitude to Mr. Hamburg for his exceptional leadership and dedication since joining the company in 1987. Charles C. Chang will succeed him as Senior Vice President of Berkshire Hathaway, effective June 1, 2026.

Mr. Hamburg and Mr. Chang will work together to ensure a smooth and seamless transition period. Mr. Chang will be based in Omaha. He currently serves as Senior Vice President and Chief Financial Officer of Berkshire Hathaway Energy, a role he has held since 2024.

Prior to joining Berkshire Hathaway Energy, Mr. Chang was a partner at PricewaterhouseCoopers. He has more than three decades of experience in public company financial reporting and mergers and acquisitions, serving some of PricewaterhouseCoopers?s largest clients.