Warren Buffett's Berkshire Hathaway has appointed its vice chairman Greg Abel as the company's next CEO as ACE investors are dismissed.
Berkshire Hathaway said in a statement that Abel's appointment will take effect from January 1, 2026.
Warren Buffett will serve as CEO but will continue to serve as chairman of the $11.6 trillion group board.
The decision was consistent, the city of Omaha, Nebraska said in a statement Monday.
(This is a development story, please check the update)
