Ajit Jain is a highly regarded Indian-American business executive, currently serving as the Vice Chairman of Insurance Operations for Berkshire Hathaway, a position he has held since January 10, 2018. He is recognized for his expertise in the insurance sector and his significant contributions to Berkshire Hathaway's success. He is also the older cousin of Anshu Jain, the former Co-CEO of Deutsche Bank.
In 1972, Ajit Jain graduated from IIT Kharagpur in India with a B.Tech in Mechanical Engineering.
In 1973, Ajit Jain was named "Rookie of the Year" in his region while working as a salesman for IBM's data-processing operations in India.
In 1976, Ajit Jain lost his job at IBM when they discontinued their operation in India.
In 1978, Ajit Jain moved to the United States to earn an MBA from Harvard University and joined McKinsey & Co.
In 1982, Michael Goldberg joined Berkshire Hathaway.
In 1986, Ajit Jain left McKinsey to work on insurance operations for Warren Buffett at Berkshire Hathaway.
In 2005, Ajit Jain established the Jain Foundation, a non-profit organization focused on curing limb-girdle muscular dystrophies.
In the annual letter to shareholders in 2014, it was suggested that both Ajit Jain and Greg Abel could be appropriate successors for Warren Buffett as CEO of Berkshire Hathaway.
On January 10, 2018, Ajit Jain became the Vice Chairman of Insurance Operations for Berkshire Hathaway.
In January 2018, Ajit Jain was named Berkshire Hathaway's vice chair of insurance operations and appointed to Hathaway's board of directors.
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