Reported 1 day ago
Warren Buffett has announced his resignation as CEO of Berkshire Hathaway, promoting Greg Abel, a 62-year-old Canadian executive, to succeed him. Abel has spent years overseeing key sectors of Berkshire, including BNSF railroad and several retail businesses. While he is recognized for his deep understanding and strategic thinking, he faces the challenge of following in Buffett's remarkable footsteps. Buffett's hope is for Abel to maintain the company's unique culture of independence and integrity as he leads a conglomerate with nearly 400,000 employees.
Source: YAHOO