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Billionaire investor Warren Buffett, 94, announced that he would step away from Berkshire Hathaway by 2025-end and named designated-successor Greg Abel, 62, as the next CEO of the $1 trillion company. The retirement announcement came during the company’s annual general meeting on May 3. It was a surprise move that Warren Buffett said, no one…
Buffett to give up CEO role at year end Abel was designated the CEO successor in 2021 Buffett says has “zero” intention to sell Berkshire stock By Jonathan Stempel and Suzanne McGee OMAHA, Nebraska, May 3 (Reuters) – Warren Buffett said on Saturday he will step down as chief executive of Berkshire Hathaway at the…
Billionaire investor Warren Buffett, 93, announced that he would retire from leading Berkshire Hathaway by the end of 2025, naming Greg Abel as his successor. This announcement came during the company’s annual shareholder meeting on Saturday, and marked the end of an era for the multinational conglomerate. Buffett told attendees, “I think the time has…