Who was the president of Berkshire Hathaway appointed by Warren Buffett in 1965? Warren Buffett appointed Ken Chace as Berkshire Hathaway’s president in 1965.
The appointment followed Buffett’s takeover of Berkshire Hathaway, then a struggling New England textile manufacturer. Buffett had been buying the company’s stock through his investment partnership and finally gained control after a dispute with Seabury Stanton, the company’s manager, over a tender offer.
Once Buffett controlled the board, Stanton and his son resigned, and Buffett named Ken Chace to run the company. Buffett remained the strategic owner and chairman figure while Chace handled the presidency. This is why Ken Chace, rather than Charlie Munger or Greg Abel, is the correct answer for the 1965 historical question.
A common mix-up comes from Berkshire’s later leadership. Charlie Munger became vice chairman in 1978, while Greg Abel became president and CEO decades later. Neither held the presidential role Buffett assigned to Chace during the 1965 transition.