Berkshire Hathaway board approves Greg Abel as CEO, backed by Warren Buffett

Berkshire Hathaway's board has officially named Greg Abel as the next CEO, succeeding Warren Buffett by the end of 2026. Abel, currently vice-chairman overseeing non-insurance operations, will navigate the $900 billion conglomerate through global economic challenges. Buffett, 94, will remain chairman to ensure continuity, expressing confidence in Abel's leadership to maintain Berkshire's success.

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