Warren Buffett Announces His Retirement as CEO of Berkshire Hathaway

Greg Abel will take over at the end of this year

Date:

CC-BY-SA-2.0, Flickr

Author: Funds Society

“Tomorrow we have a Berkshire board meeting, and we have eleven directors. Two of the directors, my children Howie and Susie, know what I’m going to talk about. For the rest, it will be news. But I believe the time has come for Greg to become the company’s CEO by the end of this year.”

Greg Abel, 63, the current CEO of Berkshire Hathaway Energy, will succeed him as Chief Executive Officer.