Berkshire Promotes Fehrman to CEO of Berkshire Hathaway Energy

(BRK.A), (BRK.B)

In the wake of Greg Abel being named Vice Chairman of Berkshire Hathaway, William J. Fehrman, 57, has breen promoted to President and CEO of Berkshire Hathaway Energy.

Fehrman had been the head of Berkshire Hathaway Energy’s subsidiary MidAmerican Energy. Fehrman has been with the company since 2006.

During his time at MidAmerican, Fehrman oversaw the company’s growth into one of the leaders in providing renewable energy, primarily from wind power.

Fehrman is one of 18 Chief Executive Officers chosen to represent the electric industry on the Electricity Subsector Coordinating Council (ESCC). As the principal liaison between the federal government and electric power sector, the Council coordinates efforts to prepare for and respond to national-level disasters and threats to critical infrastructure that could impact national security and public safety. Fehrman serves as the executive sponsor of the Cyber Mutual Assistance Program, vice chair of the Electricity Information Sharing and Analysis Center (E-ISAC) Member Executive Committee, and provides leadership to Berkshire Hathaway Energy’s co-chair of the Transformer Transportation Working Group.

Prior to 2006, Fehrman was president and CEO of Nebraska Public Power District, based in Columbus, Nebraska. He joined Nebraska Public Power District in May 1981 and held various positions across the business, including assignments in fossil and nuclear generation, until becoming CEO January 1, 2003.

Fehrman graduated in 1984 from the University of Nebraska in Lincoln with a bachelor’s degree in civil engineering. In 1998, he earned a master’s degree in business administration from Regis University, Denver, Colorado. He also completed the Reactor Technology Program for utility executives from the Massachusetts Institute of Technology and National Academy for Nuclear Training as well as the Institute of Nuclear Power Operations Senior Nuclear Plant Management Course. Fehrman is a former member of the National Nuclear Accrediting Board.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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