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Mouser Electronics

Mouser Electronics Garners Two Top Distribution Awards from Vishay

(BRK.A), (BRK.B)

Mouser Electronics, Inc., the authorized global distributor with the newest semiconductors and electronic components, has been named the 2019 Americas Catalog Distributor of the Year by Vishay Intertechnology, a leading global manufacturer of a wide range of discrete semiconductors and passive electronic components. Mouser received the award for its new product introduction support, customer acquisition, and increased part count into the design market.

This is the second consecutive year that Mouser has received the prestigious award. In addition, Mouser received the specialized 2019 Americas Catalog Passives Distributor of the Year award.

“We are pleased to present the Mouser team with these two awards for their exceptional performance,” said Dave Valletta, Executive Vice President of Sales at Vishay Intertechnology. “In 2019, Mouser expanded its demand creation efforts with a highly efficient new products stocking process, getting more of our products to more customers. We thank their entire Americas team for this achievement.”

“We are honored to receive these elite awards from our valued partner Vishay,” said Jeff Newell, Senior Vice President of Products at Mouser. “Mouser customers around the world depend on Vishay components for their designs, and we greatly appreciate our ever-growing partnership.”

Vishay previously recognized Mouser’s distribution efforts in 2019, naming the company the 2018 Catalog Distributor of the Year and 2018 Semiconductor Catalog Distributor of the Year. Mouser also received awards for 2017 Semiconductor Catalog Distributor of the Year and 2015 North American Catalog Distributor of the Year award, as well as the e-Commerce Distributor of the Year for Europe award 2013 through 2016 and in 2018.

Vishay manufactures a wide range of discrete semiconductors, including diodes, MOSFETs and infrared optoelectronics, in addition to passive electronic components such as resistors, inductors and capacitors.

© 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.

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Appointments Johns Manville

Johns Manville Appoints New President for Insulation Systems Business

(BRK.A), (BRK.B)

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.

Categories
Berkshire Hathaway Travel Protection

Ready for a Road Trip? Berkshire Hathaway Travel Protection Launches New Product for You

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Berkshire Hathaway Travel Protection, a leading provider of travel insurance, is now offering ExactCare Lite, a new comprehensive travel insurance that is tailored for road trip travelers. ExactCare Lite can protect non-refundable lodging reservations and attraction tickets, trip disruption caused by traffic accidents and can protect families with kids-included pricing.

“We anticipate road trips will lead the way in the leisure travel recovery with an emphasis on simplicity, safety and security,” said Dean Sivley, Head of BHTP. “We created ExactCare Lite to provide protection for drive vacations and mishaps most likely to occur on road trips. As BHTP’s first domestic-only coverage plan, travelers can now enjoy their first trip back with ease.”

ExactCare Lite coverage includes:

• Coverage for trip cancellation, including cancel for work reasons, for up to $500 per person
• Coverage for trip interruption, including in the event of a traffic accident, for up to $750 per person
• Up to $100,000 in medical evacuation coverage
• Up to $10,000 in emergency travel medical expense coverage
• Up to $10,000 in accidental death & dismemberment
• 24/7 global travel assistance available via phone or email for travel and medical emergencies
• Kids-included pricing for one child age 17 or less per insured adult

Well-known for its revolutionary travel insurance products and services, BHTP also provides travelers with an easy “pic-and-a-click” claims process and expedited payments for travel disruptions via BHTP Burst. As BHTP’s first plan designed as a domestic-only travel insurance policy, ExactCare Lite is designed for trips that are at least 100 miles from the traveler’s home and this product is available in 40 states.

© 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.

Categories
Appointments Johns Manville

Johns Manville To Have New President & CEO

(BRK.A), (BRK.B)

Berkshire Hathaway’s Johns Manville has announced that Bob Wamboldt will become President and CEO on Sept. 1, 2020.

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

Wamboldt joined Johns Manville in 2003 and became President of JM’s Insulation Systems business in February 2017. He earlier led the Engineered Products North America and Roofing Systems businesses at JM. Wamboldt is also Chairman of the North American Insulation Manufacturers Association and previously served as president of the Asphalt Roofing Manufacturers Association.

“I have been privileged to lead each of our businesses and learn first-hand the strength of the Johns Manville customer relationships, products, technologies and people,” Wamboldt said. “I look forward to working with the JM team and our customers to make the company even stronger in the global markets we serve. I also want to thank Mary for her leadership and guidance over the years and know I will benefit from her continued support as Chairman.”

Before joining Johns Manville, Wamboldt worked 16 years at PPG Industries Inc., where he held a variety of positions in the company’s Fiber Glass and Coatings divisions. He earned a bachelor’s degree in chemistry from Lehigh University. He and his wife live in Denver.

Rhinehart became Johns Manville’s President and CEO in 2012 and assumed the additional role of Chairman in 2014. Before becoming President and CEO, she was the company’s Chief Financial Officer for eight years. During her more than 40 years with Johns Manville, she also held leadership roles in treasury, supply chain, M&A and human resources, and she managed several of the company’s business units.

“I am immensely proud of JM’s employees and all we have accomplished together,” Rhinehart said. “Johns Manville is an important part of my life, and its continued success is my top priority as we transition to new leadership. I am pleased to hand the company over to such an accomplished JM executive as Bob and am confident he and our 8,000 employees around the world will continue to build on JM’s 162-year track record of success.”

© 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.

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Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance Names Austin Elkin Senior Care Leader, Healthcare Professional Liability, U.S.

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Berkshire Hathaway Specialty Insurance (BHSI) has promoted Austin Elkin to Senior Care Leader, Healthcare Professional Liability in the U.S. Austin takes over the role from Mary Nolan, who is currently overseeing the launch of BHSI’s new Senior Care Primary Auto offering, but will retire in September following a distinguished 30-year career.

“Austin has played a key role in establishing and expanding our healthcare and senior care portfolio, while simultaneously building our loyal customer base. We are excited to elevate him to a leadership role on our growing team,” said Leo Carroll, Head of U.S. Healthcare, BHSI. “Many thanks to Mary for her numerous contributions to BHSI and to the healthcare industry. Mary has certainly left her mark, and we wish her all the best in her well-deserved retirement.”

Austin first joined BHSI in 2013 as Senior Underwriter, Healthcare Professional Liability. Austin previously served as a large account Underwriter on the Healthcare team at Zurich Insurance Group.

Austin will continue to be based in BHSI’s office in Atlanta.

BHSI provides flexible professional liability solutions, including business crisis coverage, to a wide range of healthcare institutions, including both senior care and managed care operations around the globe. Coverage is backed by 24/7 risk management support, BHSI’s deep healthcare claims expertise and stellar financial strength.

© 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.

Categories
Mouser Electronics

Mouser Electronics is Molex Global’s e-Catalog Distributor of the Year

(BRK.A), (BRK.B)

Berkshire Hathaway’s Mouser Electronics, Inc. has been named the 2019 Global e-Catalog Distributor of the Year for the fourth time by Molex, a leading global manufacturer of electronic solutions.

The global distributor was also honored with Molex’s European e-Catalog Distributor of the Year and APS e-Catalog Distributor of the Year awards for the second year in a row, as well as the Americas e-Catalog Distributor of the Year award for 2019.

Mouser received the Global e-Catalog Distributor of the Year award for helping Molex achieve outstanding financial growth in e-catalog sales, as well as for attaining significant customer growth for Molex worldwide.

“Molex congratulates Mouser on these well-deserved awards, which celebrate the company’s excellence in customer service, sales, and product breadth,” said Fred Bell, Vice President of Global Distribution at Molex. “Mouser has played a key role in contributing to our overall success this year, and we look forward to continuing the momentum in 2020 and beyond.”

“All of us at Mouser are ecstatic to bring home these top awards. Our mutual success is a testament to the exceptional hard work from our teams around the world,” said Jeff Newell, Senior Vice President of Products at Mouser Electronics. “Mouser strives to be the distributor with the broadest selection of Molex products, and we’re proud of this recognition.”

Mouser previously earned the Global e-Catalog Distributor of the Year award in three consecutive years (2013–2015) and the European and APS e-Catalog Distributor of the Year awards in 2018. Mouser Supplier Manager Tom Bila won the Molex MVP award for 2013 as well.

© 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.

Categories
GEICO Insurance

GEICO On Hiring Spree

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GEICO is looking to fill hundreds of positions at 14 of its regional locations across the country.

The company has career opportunities available in Sales, Service, Claims and Information Technology at its offices in Buffalo, Chevy Chase, Dallas, Fredericksburg, Honolulu, Indianapolis, Kansas City, Lakeland, Macon, North Liberty, San Diego, Tucson, Virginia Beach and Woodbury.

Applications are currently being accepted online; potential candidates can apply by visiting the GEICO Careers homepage at geico.jobs.

With the vast majority of GEICO’s 41,000-associate population working from home, all interviewing, hiring, onboarding and training will be done virtually.

New hires will also work remotely until the company transitions associates back to offices.

© 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.

Categories
Berkshire Hathaway Specialty Insurance Insurance

Berxi and GreenLight Workforce Solutions Partner on Independent Professional Insurance Offerings

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Berkshire Hathaway Specialty Insurance’s Berxi is partnering with GreenLight Workforce Solutions to provide independent professionals with access to Berxi’s liability insurance products through GreenLight’s next generation workforce compliance software solution.

Berxi provides skilled independent professionals with fast and affordable liability insurance, which encompasses both errors & omissions (professional liability) and general liability coverage. Berxi’s offering includes a range of limit options and industry-specific features. Quotes are facilitated online in minutes via Berxi’s technology-driven platform.

“As part of our commitment to supporting independent professionals, as well as the enterprises who are contracting with those professionals, we are pleased to partner with Berxi, part of Berkshire Hathaway Specialty Insurance, to provide access to top-quality liability insurance from a trusted industry player – one who also provides direct-to-customer speed and a modern technology-driven experience that is customer-centric,” said Jason Posel, Founder & CEO of GreenLight.

“We look forward to working with GreenLight to make it simple and frictionless for the independent professionals who use their software to secure the appropriate insurance coverage they need to be successful and thrive,” said Adam Yasan, Managing Director of Berxi.

The collaboration is already in effect.

© 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.

Categories
Berkshire Hathaway Specialty Insurance Insurance

Berkshire Hathaway Specialty Insurance Rolls Out Environmental Impairment Liability Insurance in France

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Berkshire Hathaway Specialty Insurance (BHSI) has introduced Environmental Impairment Liability (EIL) Insurance in France.

The new policy pairs coverage for multiple environmental risks with technical and legal support to help insureds mitigate environmental incidents and claims.

“Our experienced environmental team has created a policy that provides expansive coverage in clear, simple policy language, backed by BHSI’s financial strength and excellent service,” said François-Xavier d’Huart, Country Manager, France, at BHSI. “We are pleased to continue to round out our product offerings in France and fill an important market need.”

The policy provides coverage for an insured’s operating sites as well as off-site services, such as transport operations. Coverage includes third-party claims arising from accidental and gradual environmental damage, environmental liability, and cleanup costs for the insured site. Costs to mitigate an incident, including emergency response expenses are also covered.

BHSI can provide EIL coverage for operations of all sizes on a primary or excess basis.

© 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.

Categories
See's Candies

See’s Candies Resumes Production

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Berkshire Hathaway’s candy purveyor, See’s Candies, has resumed production. The company had ceased production in mid-March, and Warren Buffett had noted at the Berkshire Hathaway annual meeting that the company had been stuck with a mountain of Easter candy that would go unsold.

In addressing the resumption, Pat Egan, CEO & president of See’s said in a statement:

“Quality Without Compromise” is our longstanding motto, and that stands true now more than ever. See’s has always believed in delivering the freshest, most delicious candy possible, in the best way we know how. Because we make pretty much everything we sell, we have two really important workplaces to get right—our manufacturing and packing facilities and our retail shops. Because we won’t cut corners, and because our employees are like family, we meticulously worked through every step in the process to make sure we’re safe before we’ll reinitiate production or open shops.

We are excited to share that we have recently reopened our San Francisco and Los Angeles candy kitchens. While this means we are now able to safely make our candies, you can almost say we are starting from scratch. Your tried and true favorites may not be available immediately, but the recipes and care we put in to making every piece is exactly the same. Please don’t despair… while these adjustments are necessary as we slowly reopen, we have not discontinued any items. We may not have everything in stock, but this is a great time to try a new flavor and explore our assortment. (Trust us, they’re all great!)”

See’s is now offering contact-free pick up in addition to online orders.

© 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.