"As legendary investor Warren Buffett prepares to step down as CEO of Berkshire Hathaway at the end of the year, more leadership changes are taking place-Marc D. Hamburg, the longtime SVP and CFO, is preparing to retire.Hamburg, who joined Berkshire in 1987, will retire on June 1, 2027, after 40 years of service, the firm announced on Monday. Charles C. Chang will succeed him as SVP and CFO, effective June 1, 2026. Chang is currently SVP, CFO, and director of Berkshire Hathaway Energy. In his new role, he will be based in Omaha and will work with Hamburg during a transition period."
""Marc has been indispensable to Berkshire and to me," Buffett said in a statement regarding Hamburg's retirement. "His integrity and judgment are priceless. He has done more for this company than many of our shareholders will ever know. His impact has been extraordinary.""
"Chang, 56, joined Berkshire Hathaway Energy in October 2024. Before that, he was a partner in PricewaterhouseCoopers LLP's energy practice, working with large multinational energy companies. He has 34 years of experience in accounting, U.S. Securities and Exchange Commission reporting, mergers and acquisitions, and sustainability."
Warren Buffett will step down as CEO of Berkshire Hathaway at year-end and will remain chairman of the board. Greg Abel will succeed him as CEO, moving from vice chairman of non-insurance operations. Marc D. Hamburg will retire on June 1, 2027, after 40 years with Berkshire; Charles C. Chang will assume the SVP and CFO role on June 1, 2026, and will be based in Omaha for a transition period with Hamburg. Chang joined Berkshire Hathaway Energy in October 2024, previously worked as a partner at PricewaterhouseCoopers LLP in the energy practice, and has 34 years of experience across accounting, SEC reporting, mergers and acquisitions, and sustainability. Abel grew Berkshire Hathaway Energy into a broad portfolio of utilities, pipelines, natural gas plants, and wind and solar farms and has served as vice-chairman of non-insurance operations since 2018.
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