Next In Line: Warren Buffett’s successor selected
Succession planning has been a huge issue for shareholders for years.
OMAHA:
Berkshire Hathaway has identified the chief executive who will succeed Warren Buffett, said an annual letter to shareholders on Saturday. Succession planning has been a huge issue for shareholders for years, but despite steps to clear up who will run its investments, the company has said little about who would step in as CEO once Buffett retires. That differs to some degree with the letter, in which Buffett made clear that there is a chosen replacement for him now, rather than a list from which the board could pick. While Buffett is in his 80s, he is also known to be in good health and has made it clear he does not plan to step down from running the company anytime soon. Though the successor’s name is not known, the most common guess among Berkshire watchers is Ajit Jain, who runs Berkshire’s reinsurance business.
Published in The Express Tribune, February 26th, 2012.
Berkshire Hathaway has identified the chief executive who will succeed Warren Buffett, said an annual letter to shareholders on Saturday. Succession planning has been a huge issue for shareholders for years, but despite steps to clear up who will run its investments, the company has said little about who would step in as CEO once Buffett retires. That differs to some degree with the letter, in which Buffett made clear that there is a chosen replacement for him now, rather than a list from which the board could pick. While Buffett is in his 80s, he is also known to be in good health and has made it clear he does not plan to step down from running the company anytime soon. Though the successor’s name is not known, the most common guess among Berkshire watchers is Ajit Jain, who runs Berkshire’s reinsurance business.
Published in The Express Tribune, February 26th, 2012.