(BRK.A), (BRK.B)
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.