@benzinga: Warren Buffett is officially stepping down as CEO of Berkshire Hathaway in December, ending a 60-year run that built the company into a $900 billion powerhouse. Greg Abel, currently vice chairman, will take over. In an interview with The Wall Street Journal, Buffett said it would have been unfair to deny Abel the role any longer, calling him “a natural.” Buffett, now 94, cited fading energy and eyesight as reasons for the transition. He praised Abel’s ability to stay calm during market turmoil and make smart capital allocation decisions. “The difference in what he could get done in a day became dramatic,” Buffett said. The leadership shift has been long expected. Board member Sue Decker confirmed that Abel is already heavily involved in major decisions. Despite the change, Buffett says he’s still ready to invest billions when opportunities arise. Berkshire’s stock continues to show strong momentum and growth performance heading into the transition.

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