Johns Manville announces new president and CEO

Johns Manville (JM), a Berkshire Hathaway company and global building products manufacturer, has announced that Todd Raba, Johns Manville chairman, president and CEO, will relinquish his position with the company, effective immediately. Mary Rhinehart will become the new president and CEO of 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 CEO of Berkshire Hathaway.

Rhinehart is currently the senior VP 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