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Buffett succession gains clarity as Berkshire promotes Abel, Jain


By Jonathan Stempel(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the front runners to succeed Warren Buffett atop the conglomerate. Abel, 55, the chief executive officer 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. Buffett, 87, remains chairman and CEO of the roughly $500 billion conglomerate he has run ...

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First Published: Thu, January 11 2018. 05:34 IST