Warren Buffett names Greg Abel as next CEO of Berkshire Hathaway
by Edward Helmore in New York from US news | The Guardian on (#5HCTJ)
Billionaire, 90, lets slip plan for vice-chairman to take over at $644bn investment group
Billionaire investor Warren Buffett has confirmed that the vice-chairman of his Berkshire Hathaway investment conglomerate, Greg Abel, will succeed him as chief executive.
The 90-year-old's succession plan was teased out of him - apparently by accident - by his longtime business partner, 97-year-old Charlie Munger, at the company's annual meeting over the weekend. Buffett, speaking to CNBC in an interview broadcast on Monday, confirmed the choice.
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