Johns Manville (JM), a Berkshire Hathaway company and global building
products manufacturer, today announced that Todd Raba, Johns Manville
chairman, president and CEO, will relinquish his position with the
company. Effective immediately, Mary Rhinehart will be the new president
and chief executive officer of
Mary K. Rhinehart, Johns Manville President & CEO (Photo: Business Wire)
Johns Manville. "I thank Todd for his leadership. He has worked
diligently during a tough economic environment to effectively position
the company for future success. Todd spent the last five years focusing
on positioning Johns Manville for the future, and I thank him for the
work he did in moving the business forward," commented Warren Buffett,
chairman and chief executive officer of Berkshire Hathaway.
Ms. Rhinehart is currently the senior vice president and chief financial
officer of Johns Manville. She has been with the company since 1979. Her
background includes management and bottom-line responsibility for a
business unt, global treasury and strategic business development,
including directing a variety of acquisition activities. She has held
finance leadership roles in most of JM's businesses. Additionally,
during her career at JM, Ms. Rhinehart has had responsibility for
compensation, benefits management, community relations, global supply
chain and organizational planning.
Ms. Rhinehart has spent her long and successful career focusing on the
interests of JM employees and customers. "I am proud to have worked for
this great company for over 30 years. Throughout it all we have
succeeded as a company due to our people and the powerful relationships
we have with our customers," stated Ms. Rhinehart. "I am excited about
this new opportunity and am committed to continuing to move us forward.
JM is a great company. We could not have a better owner than Berkshire
Hathaway and I could not have a better role model than Warren Buffett."
Mr. Buffett added, "Mary is exactly the CEO we like to hire. She is
passionate, smart, and she truly cares about Johns Manville customers
and employees. She'll add tremendous value to Johns Manville going
forward, and I couldn't be more enthused to have her taking on this role
after all that she's already accomplished at Johns Manville."
About Johns Manville
Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a
leading manufacturer and marketer of premium-quality products for
building insulation, mechanical insulation, commercial roofing, and roof
insulation, as well as fibers and nonwovens for commercial, industrial
and residential applications. JM serves markets that include aerospace,
automotive and transportation, air handling, appliance, HVAC, pipe and
equipment, filtration, waterproofing, building, flooring, interiors and
wind energy. In business since 1858, the Denver-based company has annual
sales of approximately $2.5 billion and holds leadership positions in
all of the key markets that it serves. JM employs approximately 7,000
people and operates 45 manufacturing facilities in North America, Europe
and China. Additional information can be found at www.jm.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121113007187/en/
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