Warren Buffett’s tenure as chief executive officer of Berkshire Hathaway—a company he’s run since 1965—is scheduled to end on Jan. 1, the conglomerate based in Omaha announced on Oct. 3 in a regulatory filing.
Berkshire Hathaway’s board of directors on Sept. 30 voted to separate the roles of the company’s chairman of the board of directors and CEO. Buffett, who has held the dual roles since 1970, will continue to serve as chair. Greg Abel will take over the top executive role.
Buffett announced in May his plans to step down from the CEO post during Berkshire Hathaway’s annual shareholder meeting. According to the filing, the board voted “unanimously” on May 4 to appoint Abel as the company’s next CEO, effective Jan. 1….