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Greg Abel, chairman of Berkshire Hathaway Energy Co., speaks during the virtual Berkshire Hathaway annual shareholders meeting on a tablet computer in Tiskilwa, Illinois, on May 1, 2021. (Photo: Andrew Harrer/Bloomberg)

Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down.

The board agrees that Abel, 58, would take over if anything were to happen to the 90-year-old chief executive officer, Buffett told CNBC. Abel had been seen as the most likely candidate.

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