OMAHA, March 2 (UPI) -- Warren Buffet is looking for a "younger" person to succeed him as Berkshire Hathaway Inc.'s chief investment officer, the 76-year-old U.S. investor says.
In his annual letter to Berkshire shareholders, Buffet said he wanted to split his job into chief executive and chief investment roles when he retires.
The world's richest person after Microsoft Corp. Chairman and Berkshire director Bill Gates said that while he was looking for successor, Berkshire's board knew "exactly who should take over if I should die tonight."
The company has not identified those candidates, but most Berkshire watchers have the field narrowed down to four or five insiders, The Chicago Tribune reported.
Buffett gave no hint he was ready to step down, saying he felt "terrific and, according to all measurable indicators, am in excellent health."
"It's amazing what Cherry Coke and hamburgers will do for a fellow," he wrote.
Buffett transformed Berkshire from a failing textile company in 1965 into a $164 billion holding company by buying undervalued stocks and companies with strong management and businesses.
