New York — Warren Buffett has ended years of speculation about his successor as CEO of Berkshire Hathaway by saying Greg Abel, who oversees the conglomerate’s non-insurance businesses, would take over if he were no longer in charge.

“The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” Buffett told CNBC. Buffett (90) has never publicly signaled any plan to step down...

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