Buffett confirms Greg Abel will take over as CEO of Berkshire Hathaway at the end of 2025 ...Middle East

Buffett said he’ll still “hang around” to help, especially during times of major opportunity, but Abel will have final authority over operations and capital decisions.

Abel, 62, has been with Berkshire since 2000, originally through its acquisition of MidAmerican Energy. Buffett praised Abel’s “hands-on” approach, saying, “It’s working way better with Greg than with me.”

While Buffett is currently chairman, it’s not confirmed if Abel will take on that role. Buffett has previously said his son, Howie Buffett, would become nonexecutive chairman to help preserve Berkshire’s culture.

This article was written by Eamonn Sheridan at www.forexlive.com.

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