Berkshire Hathaway’s Warren Buffett said Saturday he wants Des Moines resident Greg Abel to take over the trillion-dollar conglomerate as CEO by year’s end.
Buffett, the world’s sixth-richest person and arguably its most famous investor, had named Abel as the Omaha-based company’s successor in 2021. Buffett, called the Oracle of Omaha, said on May 3 at the company’s annual meeting that he was springing his decision to move Abel to CEO on his board directors.
“I think … the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said, adding that he would notify the company’s 11 directors at the board meeting…