Reported 2 days ago
During Berkshire Hathaway's annual shareholder meeting, Warren Buffett announced that Greg Abel should take over as CEO by the end of the year, surprising attendees. Buffett plans to recommend this transition to the board of directors, expressing confidence in Abel's leadership. While Buffett will remain involved as chairman, he emphasized that Abel will have the final say in the company's operations. Abel, who has been increasingly involved in leadership decisions, is viewed favorably by the board and Buffett as the right successor.
Source: YAHOO