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Buffett declines to clarify plan to eventually replace him

FILE - In this Nov. 14, 2011, file photo, billionaire investor Warren Buffett speaks in Omaha, Neb., at an event to raise money for the Girls Inc., charity organization. Warren Buffett's annual letter to Berkshire Hathaway shareholders is always one of the best-read business documents of the year. The 2015 letter, due to be released on Saturday Feb. 28, marks the 50th year of Buffett's leadership. (AP Photo/Nati Harnik, File) FILE - In this Nov. 14, 2011, file photo, billionaire investor Warren Buffett speaks in Omaha, Neb., at an event to raise money for the Girls Inc., charity organization. Warren Buffett's annual letter to Berkshire Hathaway shareholders is always one of the best-read business documents of the year. The 2015 letter, due to be released on Saturday Feb. 28, marks the 50th year of Buffett's leadership. (AP Photo/Nati Harnik, File)

By Associated Press March 2, 2015 3 min read

OMAHA, Neb. (AP) – Billionaire Warren Buffett didn’t end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway’s board has a plan in place.

Buffett addressed a variety of topics on CNBC after releasing his annual letter to Berkshire shareholders over the weekend.

Berkshire’s Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84-year-old Buffett over the weekend because he singled out two candidates in his own letter to shareholders.

Munger said Berkshire’s reinsurance chief Ajit Jain and the head of its utility company, Greg Abel, would both be excellent choices to replace Buffett.

“They are incredible managers, and we are lucky to have them,” Buffett said in his CNBC appearance.