Source: Press Release 10/28/2014

The Pampered Chef Names Tracy Britt Cool CEO

ADDISON, Ill., Oct 27, 2014 -- The Pampered Chef, Ltd., a Berkshire Hathaway company, today announced that it has appointed Tracy Britt Cool as Chief Executive Officer, effective November 1, 2014.

Cool, 30, has been with Berkshire Hathaway for five years, serving as Financial Assistant to the Chairman. In this role, her responsibilities included conducting investment research, analyzing acquisition opportunities, and advising Berkshire Hathaway subsidiaries in various industries. Cool will continue to serve as chairman of Berkshire Hathaway companies Benjamin Moore, Larson-Juhl, and Oriental Trading Company, and will remain on the board of the H.J. Heinz Company.

"I am honored and delighted to lead The Pampered Chef," said Cool. "I'm passionate about this great company and its ability to improve the lives of our consultants and customers with our innovative products and empowering business opportunities. I look forward to working with the team to ensure The Pampered Chef is positioned to continue enriching the lives of all those who are a part of this wonderful organization for decades to come."

Over the past year, Cool served as an advisor to The Pampered Chef's Founder and Chairman Doris Christopher, who has led the company as interim CEO since December 2013. Both Cool and Christopher will continue to work closely together, reporting directly to Berkshire Hathaway Chairman and CEO, Warren Buffett.

"I couldn't think of a better leadership duo at the helm of The Pampered Chef," said Buffett. "With Tracy's experience helping Berkshire companies reach their full potential and Doris' passion for both The Pampered Chef's consultants and products, I see great things in the company's future."

Christopher welcomed and praised the appointment, stating, "I'm thrilled that Tracy is joining our company. I've come to respect her leadership immensely, and I look forward to partnering with her to enhance The Pampered Chef's offerings for our 12 million annual customers and 60,000 independent consultants."

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