Berkshire Hathaway CEO Tracy Britt Cool announced her departure from the investment firm to create her own company using her mentor Warren Buffett's business model.
Cool, who first joined Buffett's company in 2009 as its financial assistant, said she started her own firm that will acquire companies "too little for Berkshire," the Wall Street Journal reported Wednesday.
"I want to build a long-term platform and a long-term vehicle to acquire and build businesses," Cool said in an interview with WSJ. "There are companies that I think are of great value in helping them get to the next level, but they are too small for Berkshire."
Buffett has always held the Harvard Business School graduate high. "Everything I've given her, she's done a prime job at," he told WSJ.
After graduating from Harvard, Cool began in Berkshire Hathaway because she told the billionaire investment mogul that she wanted to work "a day, a week, a month" and "do whatever." In a few years, she became Buffett's right woman at the age of 25.
Five years later, Cool was named CEO of Pampered Chef, a Berkshire subsidiary. [1
Cool played an important role in expanding the number of women in Berkshire, paving the way for Susan Decker, Charlotte Guyman and Meryl Witmer, who is currently on the board.
"It's the year for the woman, and I think we're doing a good job in many different companies and I think Berkshire is no different," she said she to Fox Business & # 39; Liz Claman last year.
Meanwhile, WSJ reported that Cool will also resign from the board of Kraft Heinz in the first quarter of 2020, but she is expected to continue on the board of Blue Apron.
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