Warren Buffett has revealed that Greg Abel will succeed him as chief executive of Berkshire Hathaway, according to reports.
At the company's annual meeting on 1 May, vice chairman Charlie Munger commented in answer to a question about the investment company's business model that "Greg will keep the culture", the BBC reported. While the veteran investor has no immediate plans to step down, he confirmed to CNBC that vice chairman of non-insurance operations Abel would take over as chief executive. Four managers have 'beaten Buffett' over the past two decades Buffett told CNBC: "The directors are in agreement that if something were to happen to me tonight, it would be Greg who'd take over tomorrow morning....
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