(BRK.A), (BRK.B)
A torn ACL may have kept Adam Wright from fulfilling his dreams of being a pro football player, but his backup plan led to his becoming one of Berkshire Hathaway’s rising stars.
After Greg Abel was named Vice Chairman of Berkshire, MidAmerican Energy CEO Bill Fehrman was promoted to president and CEO of Berkshire Hathaway Energy, and Adam Wright moved up to become the new CEO of MidAmerican Energy.
Wright had been serving as the vice president for gas delivery.
Wright’s initial career ambitions began on the gridiron where was a star tailback for Nebraska-Omaha. Unfortunately, a torn ACL meant his two year pro career for the New York Giants was limited to rehabbing his knee. Thankfully, the civil engineering major had interned at MidAmerican Energy during his college days, so when his career ended after he tore his ACL running down the field in practice, the Omaha native headed back to Berkshire Hathaway Energy where he spent his first nine years at Northern Natural Gas. He then moved on to manage wind development and operation for MidAmerican.
Now Wright’s the new head of MidAmerican Energy, a Berkshire Hathaway Energy subsidiary that provides electric and natural gas service to nearly 1.5 million customers in Iowa, Illinois, Nebraska and South Dakota.
Who knows? At the ripe old age of 40, it may not be his last promotion.
© 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.