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Longtime CEO of Berkshire Hathaway's Brooks Running will step down, hand the reins to company veteran - TL;DR CNBC

Longtime CEO of Berkshire Hathaway's Brooks Running will step down, hand the reins to company veteran

Publishing timestamp: 2024-03-12 11:26:58


Summary

CEO of Brooks Running, Jim Weber, is stepping down after more than 20 years in the top job. Dan Sheridan will take over. Weber brought the company back from bankruptcy and built it into a $1 billion brand. Sheridan aims to continue global expansion and product offerings. Buffett's succession planning process led to Sheridan's appointment.


Sentiment: NEUTRAL

Tickers: BRK.ABRK.B

Keywords: warren buffettbusinessbreaking news: businessberkshire hathaway incbusiness newsretail industry

Source: https://www.cnbc.com/2024/03/12/brooks-running-ceo-jim-weber-to-step-down.html


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