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warren buffett announces retirement as ceo of berkshire hathaway successor named

Warren Buffett announced his retirement as CEO of Berkshire Hathaway, effective at the end of the year, while remaining as chairman. Greg Abel, the vice chairman, will take over as CEO in 2026, with Buffett expressing confidence in Abel's management abilities. Despite market challenges, Buffett emphasized his commitment to the company, stating he will not sell his shares.

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