BY SERENA NG
Warren Buffett, in his annual letter to Berkshire Hathaway Inc. shareholders on Saturday, said the company's board has identified an individual to succeed him as chief executive. He promised a "seamless" leadership transition when the time comes.
The would-be successor wasn't named, but it is likely a person who works for the Omaha, Neb., company. The 81-year-old Mr. Buffett has run Berkshire Hathaway for nearly half a century, transforming it from a struggling textile maker into a conglomerate with interests in railroads, retail and insurance as well as a giant portfolio of publicly traded stocks.
Near the start of a ...
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