(BRK.A), (BRK.B)
Berkshire Hathaway’s wholly-owned specialty chemical company, Lubrizol Corp., has appointed a new CEO, effective Jan. 2, 2017.
Eric R. Schnur has taken on the role of chairman, president and CEO as part of a planned leadership transition announced in mid-2016. Schnur succeeds James L. Hambrick, who had been serving as chairman and CEO.
Schnur was named president and chief operating officer of Lubrizol on June 1, 2016, the company’s release stated. Prior to that, he had served as president of the company’s Advanced Materials business segment. In total, he has been with Lubrizol for more than 27 years, having joined it as an engineer in research and development. He has a bachelor of science degree in chemical engineering from Pennsylvania State University and an MBA from Case Western Reserve University.
© 2017 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.