Warren Buffett promoted two of his top lieutenants to vice-chairman roles at Berkshire Hathaway on Wednesday, apparently endorsing the market’s view that one of them would eventually succeed him at the top of the sprawling conglomerate.
Greg Abel, the chief executive of Berkshire Hathaway Energy, and Ajit Jain, the Omaha-based group’s reinsurance chief, were added to Berkshire’s board of directors.
Mr Abel was named vice-chairman of non-insurance business operations while Mr Jain was elevated to vice-chairman of Berkshire’s insurance group.
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