Chairman and CEO of Berkshire Hathaway, Warren Edward Buffett, on Wednesday announced his resignation as a trustee of Bill and Melinda Gates Foundation.
His announcement is coming about a month after Bill and Melinda Gates announced their divorce and subsequent reports about Gates’ improper behavior with Microsoft employees decades ago.
Buffet, who was a 90-year-old investor at Bill and Melinda Gates Foundation, announced his resignation in a statement on Wednesday.
He, however, failed to give further details as to why he was resigning from the Foundation, but said he has already resigned from all corporate boards other than Berkshire Hathaway’s. Buffett added that the foundation’s new CEO, Mark Suzman, is an “outstanding” selection and has his “full support.”
“My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals,” Buffett wrote.
The Gates foundation has become one of the most powerful and influential forces in global public health which uses a business approach to combating poverty and disease.
