Story ID: 
Berkshire Hathaway Expands NetJets CEO’s Leadership Role
By: Jessica Reed
Caption: Adam Johnson will continue as NetJets CEO while overseeing 32 consumer products, service, and retailing companies
Word Count: 262
Berkshire Hathaway announced this week that Adam Johnson, CEO of wholly owned subsidiary NetJets, has taken over as president of Berkshire’s consumer products, service, and retailing businesses, which includes FlightSafety International among these 32 companies. Johnson will continue in his role at NetJets, where he has served as CEO since June 2015.
As CEO, Johnson has built lasting customer relationships and strengthened operations, the announcement noted. His tenure at NetJets spans nearly 30 years, including serving as president of global sales, marketing, and service; senior v-p of NetJets administrative services; senior v-p of logistics; and executive director of the NetJets Aviation Flight Center. He is also a licensed pilot.
Gregory Abel, vice chairman of non-insurance operations, will become president and CEO of Berkshire Hathaway at the start of next year. He will continue to directly oversee industrial products, building products, railroad company BNSF, Berkshire Hathaway Energy, Pilot, and McLane.
Abel described Johnson as “an accomplished leader with a proven ability to deliver long-term shareholder value.” He added that Johnson “will support the outstanding CEOs of our 32 consumer products, service, and retailing businesses, and uphold Berkshire’s culture and values.”
NetJets shared the following statement with AIN: “As Mr. Johnson takes on a broader role within Berkshire Hathaway, we are also excited for his continued role as chairman and CEO of NetJets Inc. As always, our priorities remain unchanged—with the utmost focus on safety and service—and we look forward to continuing our leadership position in private aviation now and into the future.”