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☆ Longtime CEO of Berkshire Hathaway's Brooks Running will step down, hand the reins to company veteran
  + stars: | 2024-03-12 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +2 min
The longtime CEO of Berkshire Hathaway's Brooks Running, Jim Weber, is stepping down after more than 20 years in the top job, the company will announce Tuesday. Brooks veteran Dan Sheridan, who started at the running company in a marketing role in 1998 and worked his way up to chief operating officer and president, will take over on April 26. That includes plans to build the first Brooks Running store in China, an "absolute growth market" for the brand, according to Sheridan. He said the company also aims to expand direct sales in the U.S. and grow wholesale partnerships in Europe. Soon after Brooks Running became a stand-alone subsidiary company of Berkshire Hathaway in 2012, Weber and his team were asked to start succession planning.
Persons: Berkshire Hathaway's Brooks, Jim Weber, Brooks, Dan Sheridan, Weber, I've, it's, We've, that's, Sheridan, Berkshire Hathaway, Warren Buffett Organizations: CNBC Locations: Berkshire, North America, China, Sheridan, U.S, Europe
☆ Warren Buffett's businesses are battling historic inflation, hefty interest rates, and tighter lending. 5 Berkshire Hathaway CEOs break down why they're thriving despite a brutal economic backdrop.
  + stars: | 2023-05-12 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +8 min
Warren Buffett's Berkshire Hathaway faces inflation, higher interest rates, and tighter credit. Its subsidiaries are also seeing signs that their customers, suppliers, and partners are being pinched by higher prices, steeper interest rates on their debts, and perhaps even reduced access to credit. "You just kind of have to take it," Egan said about some of the higher costs. Moreover, longstanding suppliers who refrained from passing on their higher costs to See's in 2021 have been forced to charge it more. The fast-food chain's franchisees face much higher costs for equipment, building materials, and construction work than they did a few years ago.
☆ Brooks Running CEO: We saw inflation come through all our services, but that has stabilized too
  + stars: | 2023-05-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrooks Running CEO: We saw inflation come through all our services, but that has stabilized tooJim Weber, Brooks Running CEO, joins 'Squawk Box' to discuss company performance, supply chain issues, the impact of inflation on business, and more.
☆ Brooks CEO is out to prove that running is 'recession resistant'
  + stars: | 2023-02-22 | by ( Danni Santana | ) www.businessinsider.com   time to read: +2 min
Brooks Running CEO Jim Weber expects more people to pick up running now than at the beginning of the pandemic. He told Yahoo Finance that running has been "recession resistant" over the last 30 years. "The future has never been brighter for performance running," Weber said in a statement. Brooks became the top adult performance running brand in the US in January 2022 and finished the year with 21% market share, the company said, citing NPD data. "That's the opportunity we see for Brooks," Weber said last summer.
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