Warren Buffett says Berkshire’s managers and board will protect company once he’s gone

Buffett offers few hints about successors

OMAHA, Neb. — Billionaire Warren Buffett says once he is gone, Berkshire Hathaway Inc.’s managers and board members will make sure the company continues to be run as it has been because they believe it is special.

The 79-year-old chairman and CEO mostly evaded questions about his successors during an appearance on CNBC, but he did offer a few new clues.

Buffett has said the plan to replace him includes splitting his job into three parts — chief executive officer, chief investment officer and chairman.

Buffett said Monday that Berkshire’s investment duties would likely be split among three different managers who would report to the next CEO. Those investment managers will be in charge of Berkshire’s roughly $60 billion stock portfolio and its other investments.

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Berkshire Hathaway Inc.: www.berkshirehathaway.com