The legendary investor Warren Buffett announced today that he will ask the Berkshire Hathaway Board to make Greg Abel replace it as CEO at the end of 2025.
“I think the time has come when Greg should become the executive director of the company at the end of the year,” Buffett said at the end of the company’s annual shareholder Meeting, before your meeting of the Board on Sunday.
At the same time, Buffett, who is 94 years old, said “would” happen “in some way. He and Abel told CNBC that they would use Sunday’s meeting to discuss what Buffet’s formal role will be after he leaves him.
Buffett had Abel previously identified -Actually, the vice president of Berkshire Hathaway for operations without insurance, as his successor, but had not said when Abel would take over.
While technology is only one of the many areas where Buffett and Berkshire Hathaway invest, has made great bets in the industry. Even later Sell half of your Apple stock Last year, the company represents More than 20% of its portfolio.