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Indian-born Ajit Jain among 2 executives likely to succeed Warren Buffett as Berkshire Hathaway CEO

The other, Gregory Abel, is considered the favourite for the post.

American multinational conglomerate Berkshire Hathaway on Wednesday promoted and added two of its senior executives – Gregory Abel and Ajit Jain (pictured above) – to its board, amid rising speculation about the potential successors to Warren Buffett as the company’s chief executive, Reuters reported.

Fifty-five-year-old Abel, the chief executive officer of Berkshire Hathaway Energy, will be the vice chairman of the non-insurance business. The 66-year-old Jain, who who is Berkshire’s top insurance executive, was named the vice chairman of the insurance business.

Buffett, 87, and Charles Munger, 94, will continue in their current positions as the chairman and vice chairman of Berkshire Hathaway. Analysts have considered Abel and Jain to be the top candidates to eventually succeed Buffett as the chief executive, though Abel is reportedly considered the favourite.

Buffett, in a TV interview said that the new roles of Abel and Jain were “part of the movement toward succession” at Berkshire. “They are the two key figures at Berkshire” and “have Berkshire in their blood,” he said.

“It is probably fair to say it’s not just the Warren and Charlie show any more,” said David Rolfe, who oversees assets at Wedgewood Partners Inc, whose largest holding is Berkshire Hathaway. “Today’s news codifies the importance of Greg Abel and Ajit Jain to not just their current businesses, but their future authority once Buffett relinquishes the CEO title.”

Who is Ajit Jain?

Jain was born in Odisha, where he also grew up. He studied mechanical engineering at the Indian Institute of Technology, Kharagpur, and graduated in 1972, according to the Financial Express. He moved to the United States in the late 1970s, and did his MBA at Harvard University. Before joining Berkshire Hathaway in the early 1980s, he worked at Mckinsey & Co.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.


Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.