Berkshire Hathaway expands board; Buffett, Munger keep seats
Buffett and
Buffett said the move isn't due to any looming concerns, saying he's in "remarkably good health." Yet Buffett, who is 87, said it was time to have a plan and that Abel and Jain are the right choices.
"They've both got Berkshire in their blood," Buffett said.
Abel, chairman and CEO of
Buffett shot down the idea that Abel and Jain would share the CEO post once he's no longer running the company, saying there would be one person in the position but not saying who it would potentially be.
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