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Berkshire Hathaway expands board; Buffett, Munger keep seats

Berkshire Hathaway expands board by two members, Buffet and Munger keep seats

Berkshire Hathaway Board

FILE - In this Oct. 3, 2017, file photo, investor Warren Buffett gestures on stage during a conversation with CNBC's Becky Quick, at a national conference sponsored by the Purpose Built Communities group that Buffett supports, in Omaha, Neb. Buffett’s Berkshire Hathaway is adding Gregory E. Abel and Ajit Jain as directors, boosting the size of its board to 14 members. The company said Wednesday, Jan. 10, 2018, that Buffett and Charles T. Munger, Berkshire Hathaway's vice chairman, will retain their positions on the board. (AP Photo/Nati Harnik, File)

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Wednesday, January 10, 2018

OMAHA, Nebraska (AP) — Warren Buffett’s Berkshire Hathaway is adding Gregory E. Abel and Ajit Jain as directors, boosting the size of its board to 14 members.

The company said Wednesday that Buffett and Charles T. Munger, Berkshire Hathaway’s vice chairman, will retain their positions on the board.

Abel, chairman and CEO of Berkshire Hathaway Energy Co., is being named vice chairman of non-insurance business operations. Jain is being appointed vice chairman of insurance operations. He currently serves as executive vice president of National Indemnity Co.

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