Warren Buffett will step as an executive director of Berkshire Hathaway

Legendary investor Warren Buffett announced today that he will ask the Hathaway Berkshire Council to be replaced by Greg Abel as CEO at the end of 2025.

“I think the time has reached where Greg should become the company’s CEO at the end of the year,” Pavit said at the end of the company’s annual shareholder A meeting, before the board meeting on Sunday.

At the same time, 94 -year -old Pavite said he was “hanging” in some capabilities. He and CNBC told them that they would use the board meeting on Sunday to discuss the official role of Buffett, which will be on his removal.

It was Pavite ABEL pre -identified -Currently, Vice Chairman of the Board of Insurance Operations in Berkshire-Khalifa, but he did not say when he will take over.

While technology is just one of the many areas in which Pavite and Perkishire Hathaway invest, it has made great bets on this industry. Even after Sell ​​half of its stock from Apple Last year, the company represents More than 20 % of its wallet.