Johns Manville Announces New President & CEO

  Johns Manville Announces New President & CEO

  Berkshire Hathaway company passionate about meeting the needs of customers

Business Wire

DENVER -- November 13, 2012

Johns Manville (JM), a Berkshire Hathaway company and global building products
manufacturer, today announced that Todd Raba, Johns Manville chairman,
president and CEO, will relinquish his position with the company. Effective
immediately, Mary Rhinehart will be the new president and chief executive
officer of

Mary K. Rhinehart, Johns Manville President & CEO (Photo: Business Wire)

Mary K. Rhinehart, Johns Manville President & CEO (Photo: Business Wire)

Johns Manville. “I thank Todd for his leadership. He has worked diligently
during a tough economic environment to effectively position the company for
future success.Todd spent the last five years focusing on positioning Johns
Manville for the future, and I thank him for the work he did in moving the
business forward,” commented Warren Buffett, chairman and chief executive
officer of Berkshire Hathaway.

Ms. Rhinehart is currently the senior vice president and chief financial
officer of Johns Manville. She has been with the company since 1979. Her
background includes management and bottom-line responsibility for a business
unit, global treasury and strategic business development, including directing
a variety of acquisition activities. She has held finance leadership roles in
most of JM’s businesses. Additionally, during her career at JM, Ms. Rhinehart
has had responsibility for compensation, benefits management, community
relations, global supply chain and organizational planning.

Ms. Rhinehart has spent her long and successful career focusing on the
interests of JM employees and customers. “I am proud to have worked for this
great company for over 30 years. Throughout it all we have succeeded as a
company due to our people and the powerful relationships we have with our
customers,” stated Ms. Rhinehart. “I am excited about this new opportunity and
am committed to continuing to move us forward. JM is a great company. We could
not have a better owner than Berkshire Hathaway and I could not have a better
role model than Warren Buffett.”

Mr. Buffett added, “Mary is exactly the CEO we like to hire. She is
passionate, smart, and she truly cares about Johns Manville customers and
employees. She’ll add tremendous value to Johns Manville going forward, and I
couldn’t be more enthused to have her taking on this role after all that she’s
already accomplished at Johns Manville.”

About Johns Manville

Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a
leading manufacturer and marketer of premium-quality products for building
insulation, mechanical insulation, commercial roofing, and roof insulation, as
well as fibers and nonwovens for commercial, industrial and residential
applications. JM serves markets that include aerospace, automotive and
transportation, air handling, appliance, HVAC, pipe and equipment, filtration,
waterproofing, building, flooring, interiors and wind energy. In business
since 1858, the Denver-based company has annual sales of approximately $2.5
billion and holds leadership positions in all of the key markets that it
serves. JM employs approximately 7,000 people and operates 45 manufacturing
facilities in North America, Europe and China. Additional information can be
found at www.jm.com.

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Contact:

Johns Manville
Melody Dunbar, 303-978-2350
Melody.Dunbar@jm.com
 
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