Summary
Berkshire Hathaway Inc. has announced a planned leadership transition for its Chief Financial Officer role. Marc D. Hamburg, the current Senior Vice President and CFO, will retire on June 1, 2027, following a year-long transition period where he will step down as CFO on June 1, 2026, to work with his successor. This move signals a deliberate and extended process to ensure continuity in a critical financial leadership position. Mr. Charles C. Chang has been appointed to succeed Mr. Hamburg as Senior Vice President and CFO, effective June 1, 2026. Mr. Chang brings significant experience, having served as Senior Vice President and CFO of Berkshire Hathaway Energy since October 2024 and previously as a partner at PricewaterhouseCoopers for over two decades. Investors should note that compensation details for Mr. Chang are still being finalized and will be disclosed in a future amendment. The company has confirmed no material financial interests or family relationships that would be of concern.
Key Highlights
- 1Marc D. Hamburg, Senior Vice President and CFO, will retire on June 1, 2027.
- 2Mr. Hamburg will step down as CFO on June 1, 2026, to facilitate a smooth transition.
- 3Charles C. Chang will succeed Mr. Hamburg as Senior Vice President and CFO starting June 1, 2026.
- 4Mr. Chang has prior experience as SVP and CFO of Berkshire Hathaway Energy.
- 5Mr. Chang was a partner at PricewaterhouseCoopers from 2002 until joining BHE.
- 6There are no disclosed family relationships between Mr. Chang and Berkshire's executives.
- 7Details regarding Mr. Chang's compensation package are pending and will be filed in an amendment.