Berkshire Hathaway Inc (BRK.A): "Buffett protege strikes out on her own...

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Friday, 09/20/2019 8:36:44 PM

Friday, September 20, 2019 8:36:44 PM

"Buffett protege strikes out on her own - WSJ"

* "One of Warren Buffett's key lieutenants, Tracy Britt Cool, is leaving Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) to start up her own investment vehicle that will acquire companies for the long term -- like Berkshire does, but on a smaller scale, the Wall Street Journal reports.

* Britt Cool joined Berkshire in 2009 as Buffett's financial assistant, a job he created for her. In 2014, she became CEO of Berkshire-owned cookware company Pampered Chef.

* She'll leave Pampered Chef at the end of March and will resign from the Kraft Heinz (NASDAQ:KHC) board in Q1 2020.

* During her tenure at Berkshire, she has at various times served as chairman of Benjamin Moore & Co., Larson-Juhl, Johns Manville, and Oriental Trading Co.

* "She was the fireman," Buffett told the WSJ in an interview. "Anything I've assigned her she's done a first-class job on."

https://seekingalpha.com/news/3500288-buffett-protege-strikes-wsj

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