Berkshire Hathaway vs Kia: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: Berkshire Hathaway and Kia side by side

1. 1839Berkshire Hathaway

   Valley Falls Company Founded

   Oliver Chace founds the Valley Falls Company in Valley Falls, Rhode Island, as a cotton textile manufacturer. Chace had learned the trade working with Samuel Slater and built his first mill in 1806.

2. 1944Kia

   Founding of Kyungsung Precision Industry

   Kim Chul-ho establishes a modest workshop in Seoul dedicated to the manufacturing of steel tubes and bicycle parts, laying the humble groundwork for what would eventually become a global automotive leader and a vital contributor to South Korea's post-war indus…

3. 1955Berkshire Hathaway

   Berkshire Fine Spinning and Hathaway Manufacturing Merge

   Berkshire Fine Spinning Associates and Hathaway Manufacturing combine and take the Berkshire Hathaway name.

4. 1962Berkshire Hathaway

   Buffett Partnership Buys Its First Berkshire Shares

   Buffett Partnership Ltd. buys its first Berkshire Hathaway shares in December 1962. Buffett was drawn to the pattern of Berkshire closing plants and using the liquidation proceeds to repurchase its own stock.

5. 1964Berkshire Hathaway

   Tender Offer Dispute With Seabury Stanton

   Berkshire president Seabury Stanton asks Buffett at what price Buffett Partnership would sell, agrees to $11.50 a share, then mails a tender offer at $11.375.

6. 1965Berkshire Hathaway

   Buffett Takes Control and Names Ken Chace President

   Buffett Partnership takes control of Berkshire Hathaway in May 1965 and Stanton leaves. Buffett selects Ken Chace, a long-time employee, as president to run the textile operation, and the cash it generates is pointed at other industries.

7. 1967Berkshire Hathaway

   Entry Into Insurance With National Indemnity

   Early in 1967 Berkshire pays $8.6 million to buy National Indemnity Company and a small sister insurer from owner Jack Ringwalt.

8. 1972Berkshire Hathaway

   See's Candies Bought for $25 Million

   Blue Chip Stamps, controlled by Buffett and Munger and later merged into Berkshire, buys See's Candies for $25 million.

9. 1974Kia

   Launch of the Brisa, Kia's First Passenger Car

   Kia launched the Brisa, its first passenger car, built at the Sohari plant that opened in 1973. Kia had built motorcycles and light trucks before this, and the Brisa made it a carmaker.

10. 1985Berkshire Hathaway

    Textile Operations Closed

    Buffett decides in July 1985 to close Berkshire's textile operation and the shutdown is largely complete by year end. He described it as finally throwing in the towel after twenty years of unremitting struggle with the business.

11. 1986Kia

    Launch of the Pride and Global Export Expansion

    Through a partnership with Ford and Mazda, Kia returned to passenger cars with the Pride. Abroad it was sold as the Ford Festiva, and it gave Kia its first large export volumes.

12. 1996Berkshire Hathaway

    GEICO Becomes Wholly Owned and Class B Shares Created

    Berkshire buys the remaining 49% of GEICO on January 2, 1996, having held 51%, and GEICO becomes a wholly owned subsidiary. Shareholders also approve a recapitalization creating Class B shares with the economic rights of one thirtieth of a Class A share.

13. 1998Berkshire Hathaway

    General Re and Executive Jet Acquired

    Berkshire acquires reinsurer General Re and fractional-aircraft operator Executive Jet.

14. 1998Kia

    Hyundai Motor Acquires Kia

    After Kia collapsed in the 1997 Asian financial crisis and went into court receivership, Hyundai Motor won the 1998 auction for it, beating Ford among other bidders. Kia stayed a separate brand within the new Hyundai Motor Group.

15. 2006Kia

    Recruitment of Peter Schreyer

    The enterprise makes the radical decision to hire former Audi design chief Peter Schreyer as its head of design, initiating a profound aesthetic revolution that introduces the well-known tiger-nose grille and elevates the brand from a budget alternative to a p…

16. 2010Berkshire Hathaway

    BNSF Railway Acquired

    Berkshire completes its purchase of Burlington Northern Santa Fe in the first quarter of 2010.

17. 2011Kia

    Launch of the Optima and the Design Renaissance

    The Schreyer-designed Optima (K5) sedan brought Kia's new design language to a wide audience and helped it charge more and reach new buyers.

18. 2016Berkshire Hathaway

    Precision Castparts Acquired

    Berkshire completes the purchase of Precision Castparts, an aerospace and industrial components maker, for $235 a share in cash.

19. 2018Berkshire Hathaway

    Abel and Jain Named Vice Chairmen

    Berkshire's board expands from twelve to fourteen directors and elects Greg Abel and Ajit Jain.

20. 2020Kia

    Announcement of the 'Plan S' Strategy

    Kia announced Plan S, its mid- to long-term strategy to move from a combustion-focused carmaker toward EVs, purpose-built vehicles and mobility services. In January 2021 it renamed itself Kia Corporation.

21. 2021Kia

    Launch of the EV6 and the E-GMP Platform

    The company introduces the award-winning EV6, the first dedicated electric vehicle built on the modular E-GMP platform, showcasing ultra-fast 800-volt charging capabilities and groundbreaking design, instantly establishing the enterprise as a serious technolog…

22. 2022Berkshire Hathaway

    Alleghany Corporation Acquired

    Berkshire completes the acquisition of insurer Alleghany Corporation on October 19, 2022, paying $848.02 a share in cash for a total equity value of about $11.6 billion and adding the TransRe reinsurance business.

23. 2023Kia

    EV9 Launch

    Kia launched the EV9, a three-row electric SUV on the E-GMP platform, which went on to win the 2024 World Car of the Year award.

24. 2024Berkshire Hathaway

    Market Value Tops $1 Trillion

    Berkshire's market capitalization passes $1 trillion on August 28, 2024, making it the first US company outside the technology sector to reach that level.

25. 2024Berkshire Hathaway

    Pilot Travel Centers Fully Owned

    Berkshire acquires the remaining 20% of Pilot Travel Centers on January 16, 2024 and takes full ownership. It had bought 38.6% in 2017 and a further 41.4% for about $8.2 billion in January 2023.

26. 2025Berkshire Hathaway

    Board Approves Abel as CEO From January 2026

    Berkshire announces in May 2025 that Greg Abel will become President and Chief Executive Officer on January 1, 2026, with Warren Buffett remaining Chairman of the Board.

27. 2025Kia

    FY2025 Revenue Reaches KRW 114.141 Trillion

    Kia sold a record 3,135,873 vehicles and reported FY2025 revenue of ~$81 billion (KRW 114.1 trillion) (+6.2%). Operating profit fell 28.3% to ~$6.45 billion (KRW 9.08 trillion) as US tariffs cost more than $2.13 billion (KRW 3 trillion).

28. 2026Berkshire Hathaway

    Abel Becomes CEO and Buffett Becomes Chairman Emeritus

    Abel takes over as CEO on January 1, 2026 and Berkshire completes the $9.7 billion purchase of OxyChem from Occidental on January 2. On September 18, 2026 Buffett is named Chairman Emeritus and remains a director, and his son Howard G.

29. 2026Kia

    2030 Targets Set at CEO Investor Day

    At its April 2026 CEO Investor Day, Kia set 2030 targets of ~$121 billion (KRW 170 trillion) in revenue, a 10% operating margin and 4.13 million sales. Q2 2026 revenue was a record ~$23.5 billion (KRW 33.04 trillion).

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