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Warren Buffett will descend as CEO of Berkshire Hathaway


Warren Buffett said he planned to take steps as General Director of Berkshire Hathaway by the end of this year.

The billionaire investor is called Greg Abel, a substitute called Greg Abbil.

According to the CNBC, Buffett, the 94-year-old, said the company “hangs”.

Warren Buffett

Berkshire Hathaway CEO Warren Buffett (Daniel Zuchnik / WireImage / Getty Images)

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“I would add it, the decision to save each share is an economic decision, because Berkshire’s prospects will be better than me,” he said.

This is a developing story. Please check again for updates. Reuters contributed to this report.



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