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Berkshire Hathaway logoBerkshire Hathaway BRK.B

Berkshire Hathaway said Marc D. Hamburg will retire as Chief Financial Officer on June 1, 2026, and Charles C. Chang will succeed him as Senior Vice President and Chief Financial Officer on the same date.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Berkshire Hathaway said Marc D. Hamburg will retire as Chief Financial Officer on June 1, 2026, and Charles C. Chang will succeed him as Senior Vice President and Chief Financial Officer on the same date.

  2. The company said Hamburg will resign as Chief Financial Officer and work with his replacement until his retirement on June 1, 2027. The press release said he joined the company in 1987 and has served for 40 years.

  3. Berkshire Hathaway said Chang, age 57, joined Berkshire Hathaway Energy on October 1, 2024 and currently serves as Senior Vice President and Chief Financial Officer, and was a partner at PricewaterhouseCoopers from 2002. The company said compensation arrangements have not been finalized and will be disclosed in an amendment to Form 8-K once finalized.

  4. Berkshire Hathaway said it appointed Nancy L. Pierce as CEO of GEICO, Adam M. Johnson as President of Consumer Products, Service and Retailing businesses, and Michael J. O'Sullivan as Senior Vice President and General Counsel, effective January 1, 2026, all effective immediately except for O'Sullivan. Todd A. Combs will join JPMorgan Chase & Co.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

CFO Succession: Chang to Take Over on June 1, 2026

Berkshire Hathaway said Marc D. Hamburg will retire as Chief Financial Officer on June 1, 2026, and Charles C. Chang will succeed him as Senior Vice President and Chief Financial Officer on the same date.

Source · Based on the filing body and exhibits

Hamburg to Retire on June 1, 2027

The company said Hamburg will resign as Chief Financial Officer and work with his replacement until his retirement on June 1, 2027. The press release said he joined the company in 1987 and has served for 40 years.

Source · Based on the filing body and exhibits

Chang's Background and Compensation Terms Not Yet Finalized

Berkshire Hathaway said Chang, age 57, joined Berkshire Hathaway Energy on October 1, 2024 and currently serves as Senior Vice President and Chief Financial Officer, and was a partner at PricewaterhouseCoopers from 2002. The company said compensation arrangements have not been finalized and will be disclosed in an amendment to Form 8-K once finalized.

Source · Based on the filing body and exhibits

GEICO CEO, Consumer Products President and General Counsel Appointments

Berkshire Hathaway said it appointed Nancy L. Pierce as CEO of GEICO, Adam M. Johnson as President of Consumer Products, Service and Retailing businesses, and Michael J. O'Sullivan as Senior Vice President and General Counsel, effective January 1, 2026, all effective immediately except for O'Sullivan. Todd A. Combs will join JPMorgan Chase & Co.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.