Billionaire investor Warren Buffett has revealed that he plans to step down as chief executive of Berkshire Hathaway by the end of the year. The 93-year-old investor has led the multinational conglomerate for decades, transforming it into one of the most valuable companies in the world.
Buffett, often referred to as the ‘Oracle of Omaha,’ became widely known for his investment acumen and long-term approach to managing the company’s vast portfolio, which includes major holdings in companies like Apple, Coca-Cola, and American Express.
While Buffett has not yet named an official successor, he has long indicated that key executives, including Vice Chairmen Greg Abel and Ajit Jain, were likely to play significant roles in the company’s future leadership. Greg Abel, who oversees the company’s non-insurance operations, has been previously identified as the likely candidate to take over.
Buffett’s retirement marks the closing of a significant chapter in American business history. Investors and analysts are closely watching Berkshire Hathaway’s next steps following what will be a major leadership transition.
Source: https:// – Courtesy of the original publisher.
