At the 2021
Annual Meeting of Shareholders, a Board of Directors consisting of
14 members will be elected, each director to hold office until a
successor is elected and qualified, or until the director resigns,
is removed or becomes disqualified.
Compensation and Nominating Committee (“Governance Committee”) has
established certain attributes that it seeks in identifying
candidates for directors. In particular the Governance Committee
looks for individuals who have very high integrity, business savvy,
an owner-oriented attitude and a deep genuine interest in
Berkshire. These are the same attributes that Warren Buffett,
Berkshire’s Chairman and CEO, believes to be essential if one is to
be an effective member of the Board of Directors. In considering
candidates for director, the Governance Committee considers the
entirety of each candidate’s credentials in the context of these
attributes. In the judgment of the Governance Committee as well as
that of the Board as a whole, each of the candidates being
nominated for director possesses such attributes.
recommendation of the Governance Committee and Mr. Buffett,
the Board of Directors has nominated for election the 14 current
directors of the Corporation. Certain information with respect to
nominees for election as directors follows:
BUFFETT, age 90, has been a director and the
controlling shareholder of the Corporation since 1965 and has been
its Chairman and Chief Executive Officer since 1970.
Mr. Buffett was a director of The Kraft Heinz Company until
brings to the Board his 51 years of experience as Chairman and
Chief Executive Officer of the Corporation.
ABEL, age 58, was elected a director of the
Corporation and the Corporation’s Vice Chairman – Non Insurance
Operations on January 9, 2018. Between 2008 and
January 9, 2018, Mr. Abel served as the Chief Executive
Officer of Berkshire Hathaway Energy Company (“BHE”), a 91% owned
subsidiary of Berkshire. Mr. Abel has served as BHE’s Chairman
since 2011. Mr. Abel also serves as a director of The Kraft
Heinz Company and AEGIS Insurance Services Inc., a provider of
property and liability insurance for the energy
brings to the Board his 28 years of experience in various positions
at BHE, including serving as its Chairman and CEO. He also brings
to the Board his experience as a director of The Kraft Heinz
BUFFETT, age 66, has been a director of the
Corporation since 1993. Since 2013, Mr. Buffett has been the
Chairman and Chief Executive Officer of the Howard G. Buffett
Foundation, a charitable foundation that directs funding for
humanitarian and conservation related issues. Between 1999 and
2013, he served as the President of the Howard G. Buffett
Foundation. Mr. Buffett was the Sheriff of Macon County,
Illinois between September 2017 and November 2018. He was a
director of The Coca-Cola Company until April 2017 and Lindsay
Corporation until January 2016.
brings to the Board his experience as the owner of a small
business, as a past senior executive of a public corporation, as a
former director of other public corporations and as the Chairman
and CEO of a large charitable foundation.
BURKE, age 62, has been a director of the
Corporation since 2009. Mr. Burke was the Chairman of
NBCUniversal between January 2020 and August 2020 and he was the
Chief Executive Officer of NBCUniversal and Senior Executive Vice
President of Comcast Corporation between January 2011 and January
2020. From 1998 until 2011, he was the Chief Operating Officer of
Comcast Corporation. He is also a director of JPMorgan
Chase & Co.
brings to the Board his experience as a senior executive of a
public corporation and his financial expertise as a director of a
major banking institution.
CHENAULT, age 69, was elected a director of the
Corporation on May 2, 2020. Mr. Chenault has served as
Chairman and a Managing Director of General Catalyst, a venture
capital firm, since February 2018. Mr. Chenault previously
served as Chief Executive Officer of American Express Company, a
financial services company, from January 2001 to February 2018, and
as Chairman of American Express Company from April 2001 to February
2018. Mr. Chenault joined American Express in 1981 as Director
of Strategic Planning and served subsequently in a number of
increasingly senior positions, including Vice Chairman and
President and Chief Operating Officer, until his appointment as
Chief Executive Officer. Mr. Chenault is a director of Airbnb,
a global platform for unique stays and experiences.
Mr. Chenault was a director of Facebook Inc. between February
2018 and May 2020. He also previously served on the boards of
directors of International Business Machines Corporation from
October 1998 to February 2019 and The Procter & Gamble
Company from April 2008 to February 2019.
brings to the Board his experience and financial expertise as a
past chief executive officer of a large financial services public
corporation and a director of other public corporations.