Berkshire's Pat Egan Will Become CEO of See's Candies
(Bloomberg) -- Pat Egan’s next job might be a bit sweeter than his last.
Egan will become chief executive officer of Warren Buffett’s See’s Candies in 2019 after working at a Berkshire Hathaway Inc. utility, NV Energy, the company said Thursday in a statement. He’s taking over for Brad Kinstler, who’s retiring, and will be only the third CEO since Berkshire acquired See’s more than 40 years ago.
See’s, which makes chocolates and toffee, got its start in Los Angeles in 1921 and has become a popular staple -- even at U.S. embassies. The candymaker plays an integral role at Berkshire’s annual meetings, with its peanut brittle giving Buffett and his longtime business partner, Charles Munger, fuel to answer shareholder questions for hours. Egan isn’t the only candy outsider to lead the company. Kinstler became CEO in 2006 after holding gigs at one of Berkshire’s insurers and leading Buffett’s Fechheimer Brothers, which makes uniforms for police and postal workers.
©2018 Bloomberg L.P.