BUZZ-Berkshire Hathaway falls as Buffett to step down as CEO at year-end

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BUZZ-Berkshire Hathaway falls as Buffett to step down as CEO at year-end

Reuters05-05

BUZZ-Berkshire Hathaway falls as Buffett to step down as CEO at year-end

** Berkshire Hathaway's shares BRKb.N down 1.82% to $530 premarket

** On Saturday, Warren Buffett said he will step down as CEO of Berkshire Hathaway at the end of the year

** The company's board voted unanimously to name Vice Chairman Greg Abel as president and CEO starting next year, CNBC reported on Monday, citing sources

** As of last close, co's class B shares up ~19.1% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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