_⚡️Warren Buffett, the oldest CEO of the S&P 500, will leave Berkshire Hathaway at the end of this year._
Greg Abel has been named as Buffett's successor.
Buffett, known as the "Oracle of Omaha," has led Berkshire Hathaway for over 50 years, building an investment empire that spans from insurance and railroads to food and energy.
Greg Abel, currently the vice president of non-insurance operations at Berkshire, will become the CEO when Buffett retires. Abel has been with the company for over 25 years and is considered a natural successor due to his deep knowledge of Berkshire's operations.
📊 The news has caused some unease among investors.