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Legendary investor Warren Buffett announced today that he will ask the Berkshire Hathaway board to have Greg Abel replace him as CEO at the end of 2025.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said at the end of the company’s annual shareholder meeting, ahead of its board meeting Sunday.
At the same time, Buffett, who is 94 years old, said that he would “hang around” in some capacity. He and Abel told CNBC that they would use Sunday’s board meeting to…
