(Bloomberg) -- Warren Buffett said Berkshire Hathaway Inc. should look beyond stock pickers when selecting its next chief executive officer.
A CEO should have “a significant array of skills,” Buffett, 84, said Saturday at Berkshire’s annual meeting in Omaha, Nebraska. The billionaire said he’s unlikely to support someone whose only expertise is in investing, but could accept a candidate who also had operational experience.
Shareholders have speculated for years about who will eventually replace Buffett as CEO. The billionaire, who is also chairman, has said his son Howard Buffett could replace him as leader of the board, and that money managers Todd Combs and Ted Weschler could handle the company’s investments. Berkshire has a stock portfolio valued at more than $100 billion, including the biggest stakes in Wells Fargo & Co. and Coca-Cola Co.
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