Abel Named Buffett's Successor as CEO of Berkshire Hathaway

New York, NY, May 4, 2021-Berkshire Hathaway chief executive Warren Buffett is to be succeeded as CEO by vice chairman Greg Abel, reports the Wall Street Journal.

Berkshire Hathaway owns Shaw Industries and Nebraska Furniture Mart.

“Mr. Abel, a 59-year-old Canadian, isn’t expected to take the role immediately. He currently heads all non-insurance operations at Berkshire. He rose through the ranks in Berkshire’s energy operations and has handled several large company acquisitions.”

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