Could be. From the end of the letter:
"Both the board and I believe we now have the right person to succeed me as CEO – a successor ready to assume the job the day after I die or step down."
"Both the board and I believe we now have the right person to succeed me as CEO – a successor ready to assume the job the day after I die or step down."
Aside: to those who enjoyed reading this annual letter I recommend "The Essays of Warren Buffett" — an arranged collection of edited previous letters by theme (though they are all also freely available online).