The health care venture between Berkshire Hathaway, Amazon and JPMorgan Chase will have a CEO to head the independent company within a couple of a months, according to billionaire investor Warren Buffett.

Continue Reading Below

Buffett did not name any specific candidates during his annual shareholders meeting in Omaha, Nebraska.

The three corporate heavyweights — Buffett, along with Amazon’s Jeff Bezos and JPMorgan’s Jamie Dimon — announced the initiative, intended to reduce the health care costs of employees, in late January. Most likely, the health care venture, which they said would be “free from profit-making incentives” will be set up as a benefit corporation, which is not solely driven by maximizing profits — although profits are welcome.

More on the Oracle of Omaha