Company: BRK-A
Filing Date: 2025-05-08
Form Type: 8-K
Source: 0001193125-25-115695
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Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-05-08
Form: 8-K
Item: Item 5.02
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ITEM 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

b)  On May 3, 2025, Mr. Warren Buffett, Berkshire’s Chairman and CEO, announced that he was going to recommend to Berkshire’s Board of Directors at its meeting to be held on May 4, 2025 that Mr. Greg Abel, Berkshire’s Vice Chairman - Non-InsuranceOperations, be appointed Berkshire’s Chief Executive Officer to become effective on January 1, 2026.

c)  On May 4, 2025, Berkshire’s Board of Directors voted unanimously to appoint Mr. Abel to become Berkshire’s President and CEO effective on January 1, 2026. Mr. Abel, age 62, has been a director of the Corporation and the Corporation’s Vice Chairman - Non-InsuranceOperations since 2018. Between 2008 and 2018, Mr. Abel served as the Chief Executive Officer of Berkshire Hathaway Energy Company (“ BHE”), a wholly owned Berkshire subsidiary. Mr. Abel has served as BHE’s Chairman since 2011. Mr. Abel served as a director of The Kraft Heinz Company until May 2024. He was a director of AEGIS Insurance Services Inc., a provider of property and liability insurance for the energy industry, from 2016 - 2023.

There is no family relationship between Mr. Abel and any of Berkshire’s directors or executive officers. Since June 2022, there have been no transactions between Mr. Abel and Berkshire in which the amount involved exceeded $120,000 and in which Mr. Abel had a material interest.

On May 5, 2025, Berkshire Hathaway issued a press release regarding Mr. Buffett’s announcement on May 3, 2025; the unanimous vote of the Board of Directors to appoint Mr. Abel as President and CEO to be effective on January 1, 2026; and that Mr. Buffett will remain as Chairman of the Board of Directors. A copy of the press release is attached as Exhibit 99.1.