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Fortune

Sheryl Estrada

Berkshire appoints new CFO as analysts warn of more executive departures

Berkshire Warren Buffett Greg Abel Shawn Cole Berkshire Hathaway Energy Berkshire Hathaway

Berkshire Hathaway logo is seen displayed on a smartphone screen.

Good morning. CFO turnover continues in the Fortune 500, and now it’s reached one of the most watched companies in American business: Berkshire Hathaway.

Marc Hamburg, the longtime SVP and CFO at Berkshire, will retire on June 1, 2027, after 40 years of service, the massive American conglomerate and holding company announced on Monday. Hamburg, who joined Berkshire in 1987, will be succeeded by Charles C. Chang, who was appointed SVP and CFO effective June 1, 2026. Chang is currently SVP, CFO, and director of Berkshire Hathaway Energy. He will work with Hamburg during a transition period.

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