Warren Buffett’s financial assistant, Tracy Britt Cool has been appointed as chief executive officer of The Pampered Chef, a subsidiary of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B). Ms. Cool will start in her new role effective November 1, 2014.
Buffett’s comment on Cool’s appointment
“I couldn’t think of a better leadership duo at the helm of The Pampered Chef.With Tracy’s experience helping Berkshire companies reach their full potential and Doris’ passion for both The Pampered Chef’s consultants and products, I see great things in the company’s future,” said Mr. Buffett in a statement.
Cool has been working as financial assistant to Mr. Buffett at Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) for five years. Some of her responsibilities at the conglomerate include conductinginvestment research, analyzing acquisition opportunities and providing advice to subsidiaries in different industries.
According to Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), Ms. Cool will continue to serve as chairman of Benjamin Moore, Larsom-Juhl and Oriental Trading Company. She will also continue to serve on the board of H.J. Heinz Company.
Cool served as advisor to The Pampered Chef founder
The Pampered Chef is the largest direct seller of high-quality kitchen tools in the United States. The company was established by its chairman Christopher Doris, who served as interim CEO since