JM Announces Sabine Schmidt as the New Chief Financial Officer

)– Johns Manville (JM), a global building and specialty products manufacturer and a

Berkshire Hathaway company, announced today Sabine Schmidt is the company’s new

Chief Financial Officer, effective on September 1.

 “Sabine brings a breadth of financial experience at Johns Manville and in the industry to

her new position,” said Bob Wamboldt, President of JM’s Insulation Systems business. “Her

expertise will serve JM well as we strive to be the Employer of Choice and Supplier of

Choice in the markets we serve. We are delighted Sabine will be part of our leadership

team.”

Wamboldt will become JM’s President and CEO at the same time Schmidt assumes her new

job. Greg Clarke, JM’s current CFO, will become President of the Insulation Systems

business.

“Johns Manville is in great hands with these experienced leaders in their new roles,” said

Mary Rhinehart, JM’s President and CEO. “I am confident we will continue delighting our customers, adding value and delivering positive JM Experiences that position JM well into

the future.”

Rhinehart will continue as Chairman of Johns Manville when the leadership changes take

effect this fall.

Schmidt joined JM in 2006 as the Corporate FP&A Manager. She was later promoted to

Finance Director, Engineered Products North America. Schmidt assumed her current job of

Director of Finance for JM’s Insulation Systems business in 2012.

In her new role, Schmidt will be responsible for all global financial functions and corporate

development activities for the company.

Before joining Johns Manville, Schmidt held several jobs at Fortune 100 automotive

supplier Dana Corporation. She began her career in internal audit for both the U.S. and

Europe and gained increasing responsibility throughout her six-year tenure there, including

jobs as Plant Controller for both an axle assembly plant and unionized drive shaft

manufacturing plant. Sabine later worked at Holcim as Corporate Manufacturing Controller

and was responsible for all aspects of operations accounting and controllership for 12

cement plants.

A German native, Schmidt earned a master’s degree in business administration, technically

oriented, with majors in finance, controllership and energy technique from the Universität

of Stuttgart. Sabine and her husband live in Littleton, CO.

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