Berkshire Hathaway Corporation and Leucadia National Corporation Appoint Justin Wheeler CEO of Berkadia
January 14 2015 - 2:11PM
Business Wire
Berkshire Hathaway Corporation (NYSE:BRK.A and BRK.B) and
Leucadia National Corporation (NYSE:LUK) today announced the
appointment of Justin Wheeler, currently Leucadia’s Chief Operating
Officer, as Chief Executive Officer of Berkadia Commercial Mortgage
LLC. Since April 2014, Mr. Wheeler has been Berkadia’s acting CEO
and, upon becoming Berkadia’s permanent CEO, Mr. Wheeler will be
stepping down from his position as Leucadia’s COO. Berkadia, a
joint venture of Berkshire Hathaway and Leucadia, is an industry
leading commercial real estate company providing comprehensive
capital solutions and investment sales advisory and research
services for multifamily and commercial properties. Berkadia is
also amongst the largest, highest rated and most respected primary,
master and special servicers in the industry.
Richard B. Handler, Chief Executive Officer, and Brian P.
Friedman, President of Leucadia, stated: “We are very pleased that
Justin Wheeler will be Berkadia’s CEO. Our partnership with
Berkshire Hathaway continues to be very successful, with Berkadia
delivering record results in 2014, and we are confident that, with
Justin at the helm, we can expect continued success from Berkadia.
As fifty percent owner of Berkadia, we will work closely with
Justin to create further value at the company. We are sincerely
grateful to Justin for all he has done for Leucadia, and we look
forward to our continuing partnership with Justin and the
outstanding team at Berkadia.”
About Leucadia
Leucadia National Corporation (NYSE: LUK) is a diversified
holding company engaged through its consolidated subsidiaries in a
variety of businesses, including investment banking and capital
markets, beef processing, manufacturing, energy projects, asset
management and real estate. The Company also owns equity interests
in operating businesses that are accounted for under the equity
method of accounting, including a commercial mortgage banking and
servicing business, automobile dealerships and telecommunications
services in Italy.
About Berkshire Hathaway
Berkshire Hathaway and its subsidiaries engage in diverse
business activities including property and casualty insurance and
reinsurance, utilities and energy, freight rail transportation,
finance, manufacturing, retailing and services.
For Leucadia National CorporationLaura Ulbrandt,
212-460-1900
Leucadia (NYSE:LUK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Leucadia (NYSE:LUK)
Historical Stock Chart
From Apr 2023 to Apr 2024