Berkshire Hathaway utility unit shuffles top executives
OMAHA, Neb. (AP) — Berkshire Hathaway is shuffling the executives in charge of its utility unit after promoting Greg Abel to oversee all of Berkshire’s non-insurance businesses.
Abel’s promotion to vice chairman of Berkshire Hathaway was announced Wednesday. Following that move, Berkshire promoted MidAmerican Energy CEO William Fehrman to replace Abel at Berkshire Hathaway Energy.
Fehrman has worked at Berkshire’s utilities since 2006 and has led MidAmerican since 2008.
Berkshire Hathaway Energy includes MidAmerican, PacifiCorp, NV Energy and several other utilities.
With Fehrman moving up to oversee Berkshire Hathaway Energy, Des Moines, Iowa-based MidAmerican promoted Adam Wright to be its new CEO.
Wright had worked at Berkshire’s Northern Natural Gas subsidiary since 2003.
Omaha, Nebraska-based Berkshire Hathaway owns more than 90 businesses in a variety of industries and is led by investor Warren Buffett.