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Buffett mum about successors

Omaha - Billionaire Warren Buffett says once he is gone, Berkshire Hathaway'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 chairperson 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 chairperson.

Buffett said on 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 $60bn stock portfolio and its other investments.

- AP

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