Category Archives: Appointments

Berkshire Hathaway Specialty Insurance Appoints Team to Lead Entrance Into Executive & Professional Lines in France

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Berkshire Hathaway Specialty Insurance is entering the Executive & Professional Lines market in France and has appointed Olivier Hamon as Head of Financial Institutions and Management Liabilities and Alice Batchili as Professional Indemnity Manager.

Olivier and Alice will spearhead BHSI’s launch of a full range of products in France, including D&O Liability, Financial Institutions D&O Liability, Professional Indemnity, Employment Practices Liability, Crime, and Cyber Insurance, with an initial focus on Corporate and Upper Middle Market risks.

“Unencumbered by legacy liabilities, and committed to disciplined risk underwriting, BHSI is well positioned to provide companies across France with stable and sustainable Executive & Professional Lines solutions,” said François-Xavier d’Huart, Country Manager, France, BHSI. “Olivier and Alice bring to BHSI extensive experience and the excellent capabilities and character that are a hallmark of BHSI’s global team. We are pleased to have them building our Executive & Professional Lines portfolio and our team in France.”

Olivier has more than 12 years of insurance and financial industry experience, with a focus on Financial Lines for commercial and financial institutions in France. Earlier in his career he was a Financial Analyst at Coface Holding. He earned a bachelor’s degree in Economics, with Honors, from University of Paris, Panthéon-Sorbonne, and a master’s in Finance from University Paris Panthéon Assas.

Alice comes to BHSI with more than 15 years of industry experience, spanning both the insurance and brokerage sides of the business, and extensive expertise in both Professional Indemnity and Cyber Insurance. She holds a master’s degree in International Management of Insurance from Ecole Supérieure d’Assurance.
Both Olivier and Alice will be based in BHSI’s office in Paris.

© 2020 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.

BNSF Appoints New CEO

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BNSF has announced that Executive Vice President Operations, Kathryn M. Farmer, will become President and Chief Executive Officer on Jan. 1, 2021. As CEO, she will assume leadership of BNSF’s Board of Directors.

Carl R. Ice, current President and Chief Executive Officer, will retire at the end of 2020 and remain on BNSF’s Board of Directors as well.

Farmer has been with BNSF for 28 years, most recently serving as Executive Vice President, Operations since September 2018. In 1992, Farmer joined Burlington Northern as a management trainee and has held leadership positions in every major function of the company including operations, marketing and finance. Prior to her operations role, Farmer led BNSF’s largest business unit as Group Vice President, Consumer Products.

Ice has been with BNSF for 42 years. In 1995, he led a team that orchestrated the merger and subsequent integration of Burlington Northern Railroad and Santa Fe Railway. Since then, he has helped lead the company and culture into what has become the largest Class I railroad in North America. Ice has been integral to the development of the company’s operating and marketing plans.

“I want to thank all of the men and women of BNSF. I am proud of having worked with you and all of the things that we have accomplished together. One of the most important roles of a CEO is to ensure a strong succession plan is in place,” said Ice. “Katie and I have been working toward this plan for a long time. Katie has held many different roles at BNSF with an ever-increasing impact with each new role as she has built trust and confidence throughout BNSF. I am pleased for Katie and the organization knowing BNSF’s future is in good hands. Katie is a shining example of BNSF’s leadership model and BNSF will continue to build upon its legacy.”

As a long-time member of BNSF’s leadership team, Farmer said, “I am humbled and honored to be asked to lead this incredible company and its dedicated employees—men and women that I have worked alongside for almost 30 years. We are well-positioned in our approach to safety and meeting our customers’ expectations while having the necessary capacity to grow with our customers. BNSF has long been a cost leader and we will ensure that continues into the future. I look forward to continuing BNSF’s success.”

“Carl has had a huge impact on this company and this industry having served on BNSF’s leadership team for the entire 25 years of the company’s existence. I have great respect for him and he leaves BNSF well-prepared for the next 25 years,” said Greg Abel, Vice Chairman, Non-Insurance Operations, Berkshire Hathaway. “Katie has had a long career with multiple roles at BNSF which fits well with our efforts to develop our people. Katie’s proven leadership and passion and commitment make her perfect for the role. We’re thrilled that Katie is taking over the role and have the utmost confidence in both her and BNSF’s future success.”

Berkshire Hathaway Chairman and CEO Warren Buffett said, “BNSF is an iconic company and this is a historic day. Carl has been critical to BNSF’s success for a very long time. I thank him for his leadership and his accomplishments. We look forward to Katie’s leadership and more success. She possesses all of the qualities that make us excited about the future.”

© 2020 David Mazor


Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathawa, and this article is not a recommendation on whether to buy or sell a 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.

Lubrizol Creates Corporate Ventures Group

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Lubrizol has formed Lubrizol Corporate Ventures group, which will be charged with growing the company in adjacent markets.

The group will be led by Deb Langer as Senior Vice President, Corporate Ventures, and includes innovators in Lubrizol’s walls working in partnership with inventors, start-ups and strategic minds and organizations to build new business opportunities that leverage the company’s strengths and enable sizable growth in new areas. Driven by a clear understanding of the markets across these opportunities, the Corporate Ventures team will work to address the unmet needs of those markets, utilizing Lubrizol’s extensive resources and expertise to develop, test, commercialize, and scale business opportunities to deliver sustainable growth.

Throughout her Lubrizol career, Deb has been on the forefront of growth and innovation, including imagining and building the origins of what is now Lubrizol Life Science, a business producing innovative science for beauty, home and healthcare applications. Most recently, Deb served as Corporate Vice President, Mergers and Acquisitions and Consumer and Market Insights, and has held a variety of positions throughout the company spanning business management and technology leadership roles.

The company also has appointed Elizabeth (Beth) Grove as Chief Sustainability Officer. Sustainability continues to be an underpinning of Lubrizol’s strategy and serves as a vital driver to the long-term health and growth of the organization. In her new role, Beth will propel the company’s broad focus on sustainability, including environmental, social and governance disciplines, as well as oversee government affairs and community engagement. Beth also will continue to serve as President of The Lubrizol Foundation.

Since joining Lubrizol in 2007, Beth has served in various roles, including Global Director of Sustainability and Compliance for Lubrizol Life Science and as the company’s Chief Litigation Counsel. Beth joined Lubrizol from the Federal Trade Commission, where she was a trial attorney in the Bureau of Consumer Protection. Prior to that, Beth was a litigation attorney with Jones Day.

Beth replaces Julie Edgar as Chief Sustainability Officer as Julie takes on an exciting new opportunity as Vice President, Transportation, in the Lubrizol Additives business.

In this role, Julie will be accountable for growth in our Lubrizol Additives Transportation business. During her 25 years at Lubrizol, Julie has held a number of technology management positions across the business in Asia, Europe and North America. As Lubrizol’s first Chief Sustainability Officer, Julie helped to fully embed sustainability across the business, including how the company innovates, designs and produces products. This focus will be critical as Julie advances Lubrizol’s mission to help the world Move Cleaner, enabling a 50% reduction in vehicle emissions by 2040.

© 2020 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.

MedPro Group Appoints Rhonda Buege President of International Division

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Berkshire Hathaway’s MedPro Group, a global healthcare liability insurer, has appointed Rhonda Buege as President, MedPro International, effective October 19, 2020.

Based in London, Buege will lead MedPro’s efforts outside the United States to expand its growing global healthcare liability business on both company and Lloyd’s paper.

“Rhonda is a terrific addition to our existing MedPro International team, and will help bring our industry-leading solutions and service to even more healthcare providers outside the USA,” said Tim Kenesey, MedPro Group CEO. “She is a recognized leader in the London insurance market, and her experience and customer focus have earned the respect of clients, distribution partners and competitors.”

“I am absolutely delighted to join MedPro,” said Buege. “The opportunity to join the leadership team of a company focused on the healthcare sector is really exciting. I also look forward to becoming part of the larger Berkshire Hathaway family of companies, especially with its financial strength, long-term outlook, and focus on integrity.”

Before assuming her new leadership role at MedPro, Buege held a series of increasingly significant underwriting and management positions with a global insurance carrier. Working in London since 2007, she has focused on healthcare and life sciences throughout her insurance career of more than two decades.

© 2020 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.

Berkshire Hathaway Specialty Insurance Appoints Dr. Carsten Keune as Head of Executive & Professional Lines in Germany

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Berkshire Hathaway Specialty Insurance has appointed Dr. Carsten Keune as Head of Executive & Professional Lines in Germany.

“Carsten comes to BHSI with decades of experience in the global insurance industry. Under his leadership, we look forward to expanding our Executive & Professional Lines portfolio and our team, and bringing more customers across Germany BHSI’s broad range of financial lines solutions, backed by our financial strength and excellent service,” said Andreas Krause, Country Manager, Germany, BHSI.

Carsten has more than twenty years of industry experience. He was most recently Head of Global Commercial Lines Underwriting at ERGO. Before that, he was Underwriting Director Europe, Middle East and Africa at XL Catlin in Germany. He holds a law degree from Rheinische Friedrich-Wilhelms-Universität in Bonn.

BHSI in Germany offers a wide range of insurance solutions for Financial Lines Business including Commercial D&O and Public Offering of Securities Insurance (POSI), Financial Institutions D&O and Professional Indemnity, and adjacent lines of business to corporate customers in Germany, Switzerland and Austria.

© 2020 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.

McLane Appoints New President and CEO

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Berkshire Hathaway’s McLane Company, Inc., a leading supply chain services company providing grocery and foodservice solutions, has announced that Tony Frankenberger has been appointed president and CEO, and that Grady Rosier will retire as president and CEO, both effective August 28, 2020.

Rosier has worked for McLane for more than 36 years and has held the title of president and CEO for the last 25 years of that time. His influence has elevated McLane to its position as a world-class leader in supply chain services for the grocery and foodservice industries.

During Rosier’s tenure, McLane has experienced significant market share growth and substantial annual revenue increases from less than $6 billion to more than $50 billion. Its grocery division expanded from convenience stores to other classes of trade, including drug stores, mass market retailers, warehouse clubs, value stores, supermarkets, and alcoholic beverage distribution. Rosier was instrumental in the sale of McLane from Walmart to Berkshire Hathaway in 2003, and he led the charge for a new foodservice division servicing QSR, fast casual, and casual restaurants that quickly became one of the largest in the industry. He has also provided an unwavering commitment to charitable organizations such as Children’s Miracle Network Hospitals and United Way.

“McLane is not just a company to me,” says Rosier. “It has been my passion, and the people at McLane are my family.”

Rosier has made an enormous impact on the supply chain industry and beyond. Prior to joining McLane, Rosier spent more than a decade in various executive roles in the convenience channel. Before that, Rosier had six years of honorable service in the United States Marine Corps and several more in the reserves. He was inducted into the Texas Business Hall of Fame in 2015, and currently serves on the board of directors of NVR, Inc. and NuStar Energy. Rosier earned his Bachelor of Arts from the University of Florida.

Tony Frankenberger will assume leadership of McLane as president and CEO on August 28, 2020, while maintaining his responsibilities as president of McLane Grocery, a $33 billion business unit providing supply chain solutions to over 70,000 retailer locations. Frankenberger has worked for McLane for more than 35 years. Shortly after he concluded his service with the United States Air Force in 1985, Frankenberger began his career with McLane as a washer, fueler, and mechanic in the transportation department and worked his way up in the company. Today, he has more than 15 years of senior management experience, including various past leadership positions in merchandising, procurement, and operations. Frankenberger holds a Bachelor of Arts and Master of Business Administration from the University of Phoenix.

“I have personally known Tony for more than 30 years and feel this is a tremendous opportunity for him to continue building the sustainability and growth of McLane into the future,” says Rosier. “He is an exceptional leader with a track record of operational excellence, building high performance teams, and extraordinary customer service.”

Frankenberger’s notable rise through the ranks and steadfast commitment to McLane’s values and beliefs pave his way to success in the new role.

“I am thrilled for Grady, and I wish him nothing but health and happiness in this new chapter of his life,” says Frankenberger. “I am honored to follow in his footsteps at an incredible company with outstanding teammates.”

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a 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.

Susan Adzick is New Leader of McLane Foodservice

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Berkshire Hathaway’s McLane Company, Inc., a leading supply chain services company providing grocery and foodservice solutions, announced that Susan Adzick has assumed leadership of McLane Foodservice as president, effective July 20, 2020.

McLane Foodservice’s former president, Tom Zatina, has been named executive vice president and chief strategy officer of McLane Company.

Adzick was promoted to executive vice president and chief operating officer of McLane Foodservice in January, as part of a planned transition to president this summer. Adzick has contributed invaluable leadership to the Foodservice division for more than 20 years.

“When Susan Adzick’s promotion was announced in January, I could not have envisioned the challenging circumstances that 2020 would bring to our business and to our country,” says Grady Rosier, president and CEO of McLane. “During these uncertain times, Susan has demonstrated a steady hand, thoughtful leadership, and unwavering stewardship of McLane’s beliefs and values. Her performance this year has reinforced my confidence that she is the right individual to lead McLane Foodservice.”

Zatina, who served as president of McLane Foodservice for 14 years, also began his new corporate role on July 20, 2020. As executive vice president and chief strategy officer of McLane, Zatina will lead key projects that are critical to driving process improvements and will enhance McLane’s capabilities in meeting current strategic objectives.

“In Tom Zatina’s tenure as president, he has been successful in growing McLane Foodservice into one of the largest foodservice suppliers in the industry,” says Adzick. “His commitment has had an immeasurable impact on McLane, our teammates, and our stakeholders.”

© 2020 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.

Johns Manville Appoints New Chief Financial Officer

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Berkshire Hathaway’s Johns Manville, a global building and specialty products manufacturer, has named Sabine Schmidt as the company’s new Chief Financial Officer, effective on September 1.

“Sabine brings a breadth of financial experience at Johns Manville and in the industry to her new position,” said Bob Wamboldt, President of JM’s Insulation Systems business. “Her expertise will serve JM well as we strive to be the Employer of Choice and Supplier of Choice in the markets we serve. We are delighted Sabine will be part of our leadership team.”

Wamboldt will become JM’s President and CEO at the same time Schmidt assumes her new job. Greg Clarke, JM’s current CFO, will become President of the Insulation Systems business.

“Johns Manville is in great hands with these experienced leaders in their new roles,” said Mary Rhinehart, JM’s President and CEO. “I am confident we will continue delighting our customers, adding value and delivering positive JM Experiences that position JM well into the future.”

Rhinehart will continue as Chairman of Johns Manville when the leadership changes take effect this fall.

Schmidt joined JM in 2006 as the Corporate FP&A Manager. She was later promoted to Finance Director, Engineered Products North America. Schmidt assumed her current job of Director of Finance for JM’s Insulation Systems business in 2012.

In her new role, Schmidt will be responsible for all global financial functions and corporate development activities for the company.

Before joining Johns Manville, Schmidt held several jobs at Fortune 100 automotive supplier Dana Corporation. She began her career in internal audit for both the U.S. and Europe and gained increasing responsibility throughout her six-year tenure there, including jobs as Plant Controller for both an axle assembly plant and unionized drive shaft manufacturing plant. Sabine later worked at Holcim as Corporate Manufacturing Controller and was responsible for all aspects of operations accounting and controllership for 12 cement plants.

© 2020 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.

Berkshire Hathaway Specialty Insurance Appoints New Head of Claims in Germany

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Berkshire Hathaway Specialty Insurance (BHSI) has named Katrin Thiel as Head of Claims in Germany.

“We are pleased to have Katrin leading our claims operation in Germany. With her extensive experience and expertise, she is an excellent ambassador of our Claims is our Product philosophy and will ensure our customers receive the best possible claims service, delivered with great care and compassion,” said Andreas Krause, Country Manager, Germany, BHSI.

Katrin comes to BHSI with nearly 20 years of industry experience. She was most recently Head of Claims at AXA Corporate Solutions in Germany. She holds a law degree from the University of Cologne.

Katrin is based in BHSI’s office in Cologne.

© 2020 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.

Johns Manville Appoints New President for Insulation Systems Business

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Berkshire Hathaway’s Johns Manville has announced that Greg Clarke will become President of the company’s Insulation Systems business, effective Sept. 1, 2020.

Clarke will succeed Bob Wamboldt, who will be JM’s next President and CEO.

Mary Rhinehart, the company’s current Chairman, President and CEO, will retain the role of Chairman.

“Greg is a trusted business partner and a critical member of JM’s leadership team,” Rhinehart said. “He brings a broad base of JM knowledge and experience to this new role and we are confident our Insulation Systems business will continue to succeed under his leadership.”

Clarke was named JM’s Senior Vice President and Chief Financial Officer when he rejoined the company in 2013. In this role, he led JM’s finance organization, global procurement and logistics operations, and corporate development activities. He previously worked for Johns Manville from 1997 to 2002 and was Vice President and General Manager of the company’s Building Insulation and Commercial & Industrial Insulation divisions.

“Greg and I have worked well together over the last seven years, and I look forward to continuing this relationship as he transitions into his new role,” Wamboldt said.

Before returning to Johns Manville, Clarke was Chief Financial Officer and a Director at AeroGrow International Inc., an early-stage consumer products company, and President and CEO at Ankmar, LLC, a building products company. Earlier in his career, he held finance leadership and strategic planning roles at PepsiCo Inc. and The Coleman Company Inc.

“I’m excited about the opportunity to get back to our Insulation Systems business,” Clarke said. “We have an outstanding team and a strong market presence with the most complete line of insulation solutions for commercial, residential, OEM and industrial applications. I know there is a compelling future ahead for the business and I look forward to helping to achieve that vision.”

Clarke earned a bachelor’s degree in economics from Amherst College and an MBA from Columbia University Graduate School of Business. He serves on the AeroGrow Board of Directors and is a member of the Board of Alumni and Friends of the Leeds School of Business at the University of Colorado. He and his family live in Denver.

© 2020 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.