FILE - This file photo from June 10, 2008, shows David Sokol, Chairman of MidAmerican Energy Holdings Co., in Omaha, Neb. Sokol, once thought to be a possible successor to investor Warren Buffett, has resigned. (AP Photo/Nati Harnik, File)

OMAHA, Neb. (AP) — A top executive of Berkshire Hathaway who was believed to be on the inside track to one day succeed billionaire Warren Buffett as CEO has resigned suddenly.

Buffett said Wednesday that David Sokol’s resignation letter, delivered by his assistant late Monday, came as a “total surprise.” But the resignation letter arrived less than two weeks after Buffett learned about stock trades that Sokol made before Berkshire announced its $9 billion acquisition of chemical company Lubrizol.

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