(BRK.A), (BRK.B)
Berkshire Hathaway’s CORT Furniture Rental has promoted Paula Newell, the company’s Executive Vice President, to the position of Chief Operating Officer (COO), effective immediately. This appointment underscores CORT’s commitment to fostering internal talent and recognizes Paula’s outstanding contributions to the organization.
In her new role, Paula will be responsible for overseeing all operational aspects of CORT Furniture and will continue to report directly to CEO and President, Mike Davis. With a strong background in both sales and operations, Paula is uniquely positioned to understand both customer needs and those of our business. She brings a people-first approach to her leadership, emphasizing guidance, support, and vision while driving accountability and results.
“Paula’s promotion to Chief Operating Officer underscores her exceptional leadership qualities, and unwavering commitment to our people, values and vision,” stated CEO and President, Mike Davis.
Paula has been with CORT since 1998, holding various leadership roles such as assistant district general manager, district general manager, area manager, regional vice president of sales, and vice president of national accounts.
Most recently, she served as the executive vice president of operations for the U.S., where she provided oversight for all furniture rental and outlet operations across the company.
“I am deeply honored and excited to take on the role of COO,” said Paula, “This promotion is a testament to the incredible team, culture, and vision we have at CORT. I look forward to continuing to drive our operational excellence and customer-centric approach, ensuring we remain the industry leader in furniture rental solutions.”
Before joining CORT, Paula was the operations, sales, and merchandising manager for Levitz Furniture on the West Coast. She holds a Bachelor of Arts degree from California State University San Bernardino.
CORT is the nation’s leading provider of transition services, including furniture rental for home and office, event furnishings, destination services, apartment locating, touring, and other services. With more than 100 locations including offices, distribution centers, furniture rental showrooms, and furniture outlets across the United States, operations in the United Kingdom, and a global network of partners in more than 80 countries around the world.
© 2024 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 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.