Mary Rhinehart, already president and CEO at Johns Manville, is adding “chairman” to her titles at the 156-year-old Denver-based building-products manufacturer.
Warren Buffett, chairman and CEO of JM parent Berkshire Hathaway (NYSE: BRK.A, BRK.B), made the announcement Thursday.
“With more than three decades of comprehensive experience at JM, Mary Rhinehart has proven not only her ability to succeed at every level, but also her commitment to the business and passion for JM’s employees and customers. Mary is the right choice for chairman of JM,” Buffett said.
Prior to becoming president and CEO in November 2012, succeeding Todd Raba, Rhinehart was CFO at JM, and before that was general manager of several of the company’s business units. She has been with the maker of insulation, roofing and other products for 35 years.
“I am proud to assume the role of chairman of Johns Manville and am grateful for the confidence Berkshire Hathaway has placed in me,” Rhinehart said. “Moving forward, JM will continue to win by delivering powerful experiences to our customers and employees — experiences which will create lasting relationships, sustainable competitive advantage and profitable growth.”