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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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The Motley Fool broke the news in Alexandria, United States on Wednesday, May 14, 2025.
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