Since his June debate debacle, US President Joe Biden, who at 81 is the oldest man running the White House, Step asideDemocratic Party Top leader This week, they joined rank-and-file members in calling for Biden to withdraw from the race ahead of the November election. Not too old to work— which raised the question of how old he is compared to the people who lead America’s biggest companies.
luck We compiled a list of the seven oldest CEOs in the Fortune 500. While the average age of a Fortune 500 CEO is 57, the CEOs on this list range in age from their late 70s to early 90s. All have served in their role for more than 10 years or since the company’s founding. The average tenure of a Fortune 500 CEO is seven years.
Below is a list of CEOs, from oldest to (relatively) youngest.
Warren E. Buffett94, Berkshire Hathaway, No.5 Fortune 500
Buffett has led this multi-industry conglomerate since 1965. Berkshire Hathaway’s main business areas are insurance, railroad freight, and utilities. However, the company’s many subsidiaries include insurance company Geico, railroad BNSF, See’s Candies, restaurant chain Dairy Queen, running shoe manufacturer Brooks, battery manufacturer Duracell, and paint manufacturer Benjamin Moore. Berkshire Hathaway also owns a substantial portfolio of stocks and other investments. The company generated revenue of $364.5 billion in 2023.
Buffett has been at the helm of the company for more than 50 years, but he has appointed Greg Abel, chairman of Berkshire Hathaway Energy, as chairman of the board. His successor. but Oracle Omaha’s mayor has yet to announce when he will retire.
Roger S. Penske87, Penske Automotive Group, No.146 Fortune 500
Since 1999, Penske has served as chairman and CEO of a diversified international transportation services company and automotive and commercial truck retailer. He has also served as chairman of the board and CEO of Penske Corporation since 1969 and chairman of the board of Penske Truck Leasing Corporation since 1982. In 2023, the company had revenues of $29.5 billion. Penske also holds a vested interest in the company, which he is retiring from. Car RacerWho Own The famous Indianapolis Motor Speedway And the IndyCar Series.
Robert Greenberg84 years old, Skechers, USA No. 465 Fortune 500
Greenberg has served as the company’s chairman and CEO since co-founding it in 1992. The California-based footwear company reported revenue of $8 billion in 2023. A Boston native with an entrepreneurial background, Greenberg, who is also the founder of LA Gear, began his career as a hairstylist and salon owner.
Skechers is a family-owned business, led by Greenberg and with his co-founder’s son, Michael Greenberg, serving as president. Announced Skechers agreed to pay a $1.25 million civil penalty to resolve charges that it failed to disclose benefits payments to executives and their immediate families.
Albert H. Nahamed83, Watson, No. 489 Fortune 500
Nahmad founded the air conditioning, heating and refrigeration equipment distributor and has served as its leader, Chairman and CEO since 1972. Nahmad played a central role in expanding the business through acquisitions and strategic business relationships. Watsco has grown from a market capitalization of $22 million in 1989 to $7.3 billion by the end of 2023 with a compound annual growth rate of total shareholder return of 19%. Watsco currently serves more than 125,000 contractor customers through a network of 690 locations.
Selfi Ghasemi80, Air Products & Chemicals, No. 322 Fortune 500
Ghassemi became Air Products’ chairman, president and CEO in July 2014. The company is on track to achieve revenues of $12.6 billion in 2023. “It’s gone extremely well. [in 2023]and I hope that continues,” Ghassemi said. Barclays “But I’m an optimistic person overall, very optimistic,” Ghassemi said at a conference in February.Prior to joining Air Products, he was chairman and CEO of Rockwood Holdings, a lithium and advanced materials company, and held leadership roles at global industrial company GKN, including chairman and CEO of GKN Sinter Metals Ltd. and Hoeganes Ltd.Earlier in his career, he spent nearly 20 years with BOC Group.
AJ TeagueAge 79, Co-CEO of Enterprise Product Partners, No.90 Fortune 500
The Houston-headquartered natural gas and crude oil pipeline company achieved revenues of $49.7 billion in 2023. Mr. Teague has served as Co-CEO since January 2020 and has served as a director of Enterprise GP since 2010. Mr. Teague previously served as CEO, COO and EVP of Enterprise GP, as well as other leadership roles within the company. Mr. Teague joined Enterprise in connection with the purchase of certain midstream energy assets from an affiliate of Enterprise. shell He founded an oil company in 1999. He also served as President of Tejas Natural Gas Liquids, LLC, then an affiliate of Shell, and as President of Marketing and Trading for MAPCO, Inc.
Stephen A. Schwartzman77, Black Stone, No. 464 Fortune 500
Schwarzman is the chairman and CEO of Blackstone and co-founder in 1985. The firm is one of the world’s largest alternative investment firms, with over $1 trillion in assets under management as of March 31. The firm’s revenue is expected to reach $8 billion in 2023. The firm has investment operations across a variety of asset classes, including private equity, real estate, and credit. Blackstone also has a major business focused on investing in infrastructure and life sciences. Although Schwarzman is not a technologist, he is an early supporter of AI and a promoter of the technology. Donated approximately $500 million Investing in AI education and research, including a $350 million donation to MIT in 2018, followed by a final grant of more than £190 million to the University of Oxford, roughly $240 million in total.
This story originally Fortune
