Warren Buffett asks Berkshire, and asks the council to replace him with Greg Abil

The end of an era in Omaha was announced on Saturday, when Warren Buffett said he would be asked soon from the Board of Directors Berkshire Hathaway That Greg Abel be replaced as an executive president at the end of the year.

While Buffett is 94 years old and ABEL was appointed as CEO in 2021, it was a surprise to thousands of fans who gathered this year. The annual meeting To hear the legend of the investment again on the company’s future.

“Tomorrow, we are facing a meeting of the Berkashire Board, and we have 11 managers. Two directors, my children, Hui and Soussi, know what I will talk about there. The rest of them, this will come as news, but I think the time has reached the time when Gregy should become the company’s executive official at the end of the year, in Pavite, in the last few minutes of the meeting.

Puffett, who took over as CEO of the former textiles company in 1965, said he will continue to “wander” to help, but the last word in the company’s operations and deployment of capital will be with ABEL, 62, currently the vice president of insurance operations for Berkashire.

“I may be useful, in some respects, if we face periods of great opportunities or anything,” he added.

Puffett, who owns more than 160 billion dollars in Berkshire as the largest shareholder, said he will not sell one share of the shares after moving to this new stage.

“I would like this,” said Pavite, who used a cane to wander around the meeting.

Puffett is rich, Abel praises about 40,000 shareholders on Saturday, saying that his practical administrative style works better for subsidiaries over 60 years in Berkchire.

“He works better with Greg more than me because I know, I didn’t want to work hard as he works,” said Buffett. “I can escape from it because we have a good job mainly, very good work.”

” Fast Becky After the meeting of the shareholders, which the couple will discuss in the board of directors on Sunday, what is the role of Buffett will be official next year. Pavite is also a head of the bloc.

So it is not clear whether ABEL will also take over the role of the president. Pavite He told Wall Street Journal Earlier this year, his son Hui Buffett will become a non -dedicated president after his death to preserve the company’s culture. It is not clear whether this step will affect this decision.

“He is surprised by me, but he is impressive,” said Ron Olson, director of Berkshire’s Board of Directors, after the shareholder meeting on Saturday. “I am very eager to see Warren becomes Charlie Monger for Greg Abel.”

After the sudden announcement that it seems that Abel did not know that he was coming, the meeting ended with a permanent applause for Bavate.

This is urgent news. Please check again for updates.

– With the reporting of Lisa Kylie Han and Farid Embrt