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Berkshire promotes potential Buffett successors Abel, Jain

Reuters 

By Jonathan Stempel(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their status as the most likely successors to Warren Buffett to run the conglomerate.Abel, 55, the chief executive of Berkshire Hathaway Energy, was named Berkshire's vice chairman for non-insurance business operations, while Jain, 66, Berkshire's top insurance executive, was named vice chairman for insurance operations.Both were also added to Berkshire's board, increasing the number of directors to 14 from 12.Buffett, 87, will remain chairman and chief ...

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First Published: Wed, January 10 2018. 20:10 IST
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