00:00 Speaker A
Famed billionaire investor Warren Buffett ended the Berkshire Hathaway annual assembly with a mic drop second by asserting that he was going to suggest Greg Abel as the following CEO of Berkshire Hathaway. The plan goes to be put to a vote on the subsequent board assembly, and over the following few months they may have the chance to evaluate and make the final word resolution. The transition may come as quickly as the top of 2025, the place Warren Buffett says he would nonetheless stick round in decision-making capacities the place he can add worth, however the ultimate vote will all the time come right down to Greg thereafter. Greg Abel was lengthy seen because the successor to Buffett. He at present serves because the chairperson and CEO of Berkshire Vitality and has been with Berkshire Hathaway for 25 years. The announcement, it was met with resounding applause and Buffett additionally confirmed he has no plans to promote shares.
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