Âé¶¹Ö±²¥app Announces New CEO, Chairman Transition

DENVER –ÌýWednesday,ÌýJuneÌý17, 2020Ìý–ÌýÂé¶¹Ö±²¥appÌý(JM), a global building and specialty products manufacturer and a Berkshire Hathaway company,ÌýannouncedÌýtodayÌýthatÌýBobÌýWamboldtÌýwill becomeÌýPresident andÌýCEOÌýon Sept.Ìý1, 2020.ÌýMary Rhinehart,Ìýthe company’s currentÌýChairman, President andÌýCEO, willÌýretainÌýthe role ofÌýChairman.ÌýÌýÌý

Wamboldt joined Âé¶¹Ö±²¥app in 2003 and became President of JM’s Âé¶¹Ö±²¥app business in February 2017. He earlier led the Engineered Products North America and Roofing Systems businesses at JM.ÌýWamboldt is also Chairman of the North American Âé¶¹Ö±²¥app Manufacturers Association and previously served as president of the Asphalt Roofing Manufacturers Association.ÌýÌý

“I have been privileged to lead each of our businesses and learn first-hand the strength of the Âé¶¹Ö±²¥app customer relationships, products, technologies and people,â€� Wamboldt said. “I look forward to working with the JM team and our customers to make the company even stronger in the global markets we serve. I also want to thank Mary for her leadership and guidance over the years and know I will benefit from her continued support as Chairman.â€�ÌýÌý

Before joining Âé¶¹Ö±²¥app, Wamboldt worked 16 years at PPG Industries Inc., where he held a variety of positions in the company’s Fiber Glass and Coatings divisions. He earned aÌýbachelor’sÌýdegreeÌýinÌýchemistry fromÌýLehigh University. He and his wife live in Denver.ÌýÌý

RhinehartÌýbecameÌýÂé¶¹Ö±²¥app’sÌýPresident and CEOÌýinÌý2012Ìýand assumed the additional role of Chairman in 2014.ÌýBeforeÌýbecomingÌýPresident andÌýCEO, she wasÌýthe company’sÌýChiefÌýFinancialÌýOfficerÌýforÌýeightÌýyears. DuringÌýherÌýmore than 40 years with Âé¶¹Ö±²¥app, sheÌýalsoÌýheldÌýleadership rolesÌýinÌýtreasury,Ìýsupply chain, M&AÌýandÌýhuman resources,ÌýandÌýsheÌýmanagedÌýseveral of the company’s business units.ÌýÌý

“I am immensely proud of JM’sÌýemployees and all we have accomplished together,â€� Rhinehart said.Ìý“Âé¶¹Ö±²¥appÌýisÌýan important part of my life,ÌýandÌýits continued success isÌýmyÌýtopÌýpriority as we transition to new leadership.ÌýI amÌýpleasedÌýto hand theÌýcompany over to such an accomplishedÌýJMÌýexecutiveÌýasÌýBobÌýandÌýam confidentÌýheÌýandÌýourÌý8,000 employees around the worldÌýwillÌýcontinue toÌýbuild onÌýJM’sÌý162-yearÌýtrack record of success.â€�Ìý

ÌýÂé¶¹Ö±²¥appÌýbecameÌýa Berkshire Hathaway companyÌýinÌýFebruary 2001.Ìý

“Bob’sÌýbusiness acumen,ÌýbroadÌýbaseÌýofÌýexperience,ÌýandÌýextensiveÌýindustry knowledgeÌýmake him the natural successor to MaryÌýas CEO,â€� saidÌýGreg Abel, BerkshireÌýHathaway’s ViceÌýChairman.Ìý“IÌýalsoÌýwantÌýtoÌýextendÌýmyÌýgratitude toÌýMaryÌýforÌýherÌýdedicationÌýand commitment to JM over herÌýentireÌýcareer.ÌýUnder her leadership as CEO,ÌýJMÌýdeliveredÌýexceptionalÌýperformance,ÌýsuccessfullyÌýexpanded its market presence,ÌýandÌýmade sound,Ìýstrategic investmentsÌýto positionÌýthe company for success wellÌýinto the future.â€�ÌýÌýÌý

Warren Buffett,ÌýChairman and CEO ofÌýBerkshire Hathaway, added:Ìý“Mary was everything we had hoped to find in a CEO.â€�Ìý

About Âé¶¹Ö±²¥app


Âé¶¹Ö±²¥app, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. In business since 1858, the Denver-based company has annual sales over $3 billion and holds leadership positions inÌýall ofÌýthe key markets that it serves. Âé¶¹Ö±²¥app employs 8,000 people and operates 46Ìýmanufacturing facilities in North America, Europe and China. Additional information can be found atÌýwww.jm.com.Ìý

Contact:
Eric Brown
+1-303-809-2853
eric.brown@jm.com