American billionaire Warren Buffete announced his intention to leave his position as an executive director Berkshire Hathaway at the end of the year And for this, he asked the board of directors of the company to name Greg Abel.
“Tomorrow we will have a Berkshire board of directors, and we have eleven directors. Two of the directors, my children, Houi and Susie know what I’m going to talk about. Otherwise, it will be news, but I think the time has come for Greg to become the executive director of the company that will end this year, ”Buffett said during a meeting of the general shareholders held this Saturday.
Buffet He expressed his intention to continue to be “loved” in order to provide his assistance If necessary, but the final head of the decisions will be Abel. “I think that I can help in certain aspects if we introduce periods of great opportunities or something like that,” he said.
Bufet, 94 years old, has already been appointed Abel, 63 in 2021, as a successor. Right now, Abel holds the position of vice president operations outside the Berkshire insurance.
Buffet himself is the main shareholder of Berkshir, and in this sense he announced that he was not going to sell any action during or after this assistance process.
“I want to add that the decision to stay with all actions is an economic solution Since I think that the prospect of Berkshir is better under the leadership of Greg than under mine, ”he emphasized during a long four -hour session, at which he went with his cane in place. The meeting ended with closed ovations for the buffet of thousands of visitors to the meeting.
The buffet has been in Berkshire Hathaway since 1965 And this made him deductions with actions in several business groups in such giants as American Express, Coca-Cola, Diageo, General Electric, Heinz, Johnson & Johnson, Moody’s, Procater & Gamble, Sanofi-Aventis, Sanofi-Aventis UPS, Wall-Mart or Whasington Post.
