Berkshire Picks Successor for Warren Buffett But CEO doesn't plan to step down anytime soon By John Johnson, Newser Staff Posted Feb 25, 2012 9:35 AM CST 2 comments Comments Warren Buffett, 81, says he isn't leaving his post at Berkshire Hathaway anytime soon. (AP Photo/Shuji Kajiyama) (Newser) – The big news out of Warren Buffett's annual letter to Berkshire Hathaway shareholders is that he's finally picked a successor, reports the Wall Street Journal. He's just not saying who it is. Buffett, 81, also wrote that he is in "excellent health" and "isn't going anywhere" anytime soon. The lack of a definitive successor had been a worry for investors the last few years, notes the Journal. Buffett said the company has two back-up options if choice No. 1 doesn't take the job. Read the letter here.