ReeceNichols President Becomes CEO

(BRK.A), (BRK.B)

Mike Frazier, ReeceNichols president and chief financial officer, has assumed the role of chief executive officer and president. Linda Vaughan, former CEO, will serve as Chairman Emeritus through the remainder of 2018.

ReeceNichols is a wholly-owned subsidiary of Berkshire Hathaway’s HomeServices of America.

“Having worked closely with Mike over the last 11 years, I know he has the skill and drive to lead ReeceNichols to new levels of success,” Vaughan said. “He has a passion for our team, and I am excited to see the bright future that lies ahead for ReeceNichols under Mike’s leadership.”

Frazier joined ReeceNichols in 2007 as CFO and chief operating officer. In January 2018, he was named president of the organization. During Mike’s tenure, ReeceNichols has expanded geographically in Kansas City and southern Missouri and has grown in market share.

In 2017, ReeceNichols guided over 20,000 families and individuals through the home buying and selling process.

“Linda and I have worked together for many years, and her strategic insight and vision have been at the center of ReeceNichols’ continued success,” Frazier said. “I look forward to leading ReeceNichols to its next stage of growth and performance, supported by our talented agents and world-class management team.”

“Linda’s leadership helped guide ReeceNichols to become a leading real estate company. On behalf of HomeServices, we thank her for her many contributions, and we wish her well as she enters this new chapter of her life,” said Greg Mason, president, Midwest Region. “Mike brings exceptional leadership qualities to ReeceNichols and the HomeServices executive team, and we look forward to continuing to work with him in the months and years to come.”

© 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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