Warren Buffett reveals to WSJ why he’s stepping down from Berkshire Hathaway
- Warren Buffett, 94 years old, announced at Berkshire Hathaway’s annual shareholder meeting that he will step down as CEO with Greg Abel set to succeed him.
- Buffett explained in a Wall Street Journal interview that there was no single moment prompting his decision, despite experiencing age-related symptoms since about age 90.
- Buffett emphasized that his health remains good, he still plans to work, and enjoys being at the office with colleagues he likes and trusts.
- Greg Abel, 62, an Edmonton-born businessman and Berkshire’s vice chairman of non-insurance operations, was named Buffett’s successor in 2021 and leads Berkshire Hathaway Energy.
- The planned CEO handover to Greg Abel is set for early 2026, with Warren Buffett continuing to serve as chairman for the remainder of his life, ensuring leadership stability.
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51 Articles
Exclusive: Warren Buffett will hand off Q&A to Greg Abel at next Berkshire shareholders meeting
Greg Abel, Berkshire Hathaway’s CEO-in-waiting, told The World-Herald he wants to make sure shareholders know what to expect at the next Berkshire Hathaway shareholders meeting.
MONEY THOUGHTS: High volatility: Friend or foe?
THE world’s greatest investor is Warren Edward Buffett, currently (still) chief executive officer of New York Stock Exchange-listed Berkshire Hathaway. Buffett will turn 95 on Aug 30 this year, and recently announced that at the end of 2025 he will step down as CEO, yet thankfully retain his chairmanship of Berkshire, which he’s controlled for 60 years. © New Straits Times Press (M) Bhd
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