
OMAHA, Nebraska — An end of an era was announced in Omaha Saturday as Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year end. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading.
Main Idea: Warren Buffett said he will ask Berkshire Hathaway’s board to make Greg Abel the company’s CEO at the end of the year.
Key Points:
Berkshire Hathaway leadership change may unsettle investors and ripple through US markets if a smooth handoff does not happen.
Greg Abel taking over could keep a large company stable and support jobs, suppliers, and shareholder confidence.
Rate how each entity in this article affected the American people.
The company at the center of the leadership succession decision and board meeting.
Primary subject of the succession announcement and the person Buffett wants named CEO at year end.
Central figure announcing he will ask the board to name Greg Abel CEO and discussing his continued role.
Named interviewer involved in the post-meeting discussion, but not a central decision-maker.
Buffett’s son and one of the directors informed before the announcement; relevant to the board succession discussion.
Named Berkshire board director quoted reacting to the announcement, but only in a supporting role.
Buffett’s daughter and one of the directors informed before the announcement; relevant to the board succession discussion.
Company mentioned as part of Greg Abel’s background and career path.
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Sign in to commentFormer company acquired by Berkshire and part of Greg Abel’s career history.
Outlets cited for prior reporting on Buffett’s succession plans, but only referenced as background.