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Buffett Protégé Britt Cool to Start Own Firm
Longtime Berkshire Hathaway executive is looking to go small
Re: Tracy Britt Cool (MBA 2009)
Topics: Career-Career AdvancementFinance-Investment FundsBusiness Ventures-Business Startups
Britt Cool is currently the CEO of the Pampered Chef and serving on the board of Kraft Heinz Co., and will leave those posts early next year, the newspaper notes. Berkshire Hathaway CEO Warren Buffett noted that Britt Cool spent much of her time at Berkshire aiding struggling companies, including Benjamin Moore & Co. and Oriental Trading Co. “She was the fireman,” Buffett told the Journal. “Anything I’ve assigned her she’s done a first-class job on.”
As for her new firm, Britt Cool told the paper that there will be similarities to Berkshire Hathaway in its approach. “I want to build a long-term platform and a long-term vehicle to acquire and build businesses. There are companies that I think there’s a lot of value in helping them get to the next level, but they’re too small for Berkshire.”
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