Warren Buffett says Greg Abel should take office as an executive head of Berkchire Hathaway by the end of the year.

• Berkshire Hathaway, CEO Warren Buffett The amazing attendees said at the meeting of the annual shareholders of the bloc on Saturday, when he said that his successor, Greg Abel, should take over the first place by the end of the year.

Warren Buffett said on Saturday that his scars, Greg Abel, should be held as CEO of Berkshire Hathaway by the year.

During the end of the questions and answers session at the annual meeting of the bloc, the shareholders’ fans were amazed when he said that he would submit the recommendation to the board of directors at the meeting on Sunday.

“The time when Greg has to become the company’s CEO at the end of the year, and I want to start the directors, effectively, and give it like my recommendation,” said Pavite 94.

He explained that after he made his recommendation to the board of directors on Sunday, the managers will meet again within a few months and take measures.

“I think they will believe unanimously, and this means that at the end of the year, Greg will be the CEO of Berkshire, and I was still sticking and I could be useful in a few cases.”

He added that ABEL, 62, did not know that he would issue the bomb’s announcement, and that the council did not also, except for its managers.

While Puffett said he intends to be ready to be useful, he stressed that ABEL will be the CEO and have the last word, including operations and capital spread.

“I will play with Ouija’s painting or anything in terms of doing things,” said Buffett, adding that he will not sell any shares in Berkchire Hathaway and reaffirm his plan to gradually abandon them.

The lack of sale of his shares also represents his vote for confidence in ABEL, according to Buffett, who said he believed the possibility of Berkshire would be better under his successor.

After this announcement, he said: “This is the news hook for today, thanks for his arrival,” and he got a long applause from the audience.

Puffett became the CEO in 1970 after his investment partnership acquired Berkshire, then the textile company, in 1965. During that time, he became a creative investor, with hordes of followers who track stock moves and investment advice.

His decision is to step down after the death of his right leg and his commercial partner for a long time, Charlie Monage, in November 2023.

Abel grew up in Edmonton, Canada, where his mother was a housewife sometimes multiplied as a legal assistant and his father sold fire extinguishers.

“Sometimes people had jobs, and sometimes they did not,” Abel recalls in an interview with the Horatio Alger Association. “But with your family and good friends, you have the opportunity to dream.”

ABEL became the CEO of Berkshire Hathaway Energy in 2008, and then the companies were not secured by comprehensive blocs. It was confirmed as a Bavite caliph in 2021.

In an e -mail message to wealth “I couldn’t feel better towards Greg. But I no longer had interviews. In 94 years, Bridge was not the only activity that slowed me. I still enjoy a lot and I can do some things reasonably well. But other activities have been eliminated to a minimum,” Sean Tolo said earlier this year.

On Friday, Sue Decker told the main director of Burkshire Suu Decker CNBC This was adopted by ABEL by the Board of Directors and was already playing a greater leadership role.

She said: “Last year, the Board of Directors, Greg Warne, really moved, of a kind of preparation for success to practice it already.” “Greg participated in the decisions to allocate the capital, and I know that he got the confidence of the council and Warran in that.”

“We don’t really see it as an executive chief waiting, as he takes over the ability of leadership at the present time,” she added.

This story was originally shown on Fortune.com