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Who is Warren Buffett’s successor? Meet Greg Abel, the Berkshire Hathaway veteran, who Buffett wants as new CEO

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Warren Buffett surprised shareholders by announcing his intent to retire as Berkshire Hathaway CEO by year's end, naming Greg Abel as his successor. Abel, a 25-year Berkshire veteran currently overseeing non-insurance operations, will now lead the $865 billion conglomerate.