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Warren Buffett to remain Berkshire Hathaway chairman, Greg Abel to become CEO at year-end, board votes
- Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025 while remaining chairman of the board after the board’s approval on Sunday in Omaha.
- Buffett chose Greg Abel, a 62-year-old veteran executive who has managed Berkshire’s non-insurance businesses since 2018, as his successor to lead the company starting in 2026.
- Berkshire Hathaway, transformed from a textile firm into a large conglomerate owning companies like See's Candies, BNSF Railway, and major insurers, faces economic challenges including tariff shocks and a possible recession.
- Buffett expressed strong support for Abel at the annual meeting attended by 40,000 people, noting that Abel works harder and manages the company effectively. Meanwhile, Abel committed to continuing Berkshire’s established investment strategy and preserving its solid financial foundation.
- The transition aims to sustain Berkshire’s six-decade success despite investor concerns, with Buffett continuing as chairman and holding 30% control, while Abel assumes expanded roles including insurance oversight and cash management.
243 Articles
243 Articles
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It’s officially an end of an era. Or it will be soon. Berkshire Hathaway (NYSE:BRK-B) CEO Warren Buffett has announced that he indeed plans on stepping down as the company’s CEO at the end of the year. This move will pave the way for Canada-born Greg Abel to take the reins, and take the company to its next level – at least, that’s what Buffett appears to be banking on. Key Points Warren Buffett will be stepping down as Berkshire’s CEO at the …
Oracle of Omaha Steps Down: The End of an Era - Real News Now
Warren Buffett, one of the most prominent figures on Wall Street and a billionaire investor, recently shared his intention to step down from his role as CEO of Berkshire Hathaway by the year’s end. His announcement stirred surprise, considering his previous claims of having no retirement plans. Buffett’s journey with Berkshire Hathaway began in 1965, a time when the company was primarily a textile manufacturing enterprise. The astute investor tr…
Why Warren Buffett matters beyond Wall Street
The 94-year-old investor is retiring as Berkshire Hathaway's CEO. He's built both a fortune and a reputation as "the nicest billionaire" — at a time when many other billionaires are widely criticized.(Image credit: Maria Aspan/NPR)
Why Warren Buffett's Upcoming Move Isn't Cause for Concern @themotleyfool #stocks $BRK.B $BRK.A $AAPL $DIS $BAC $IBM $KO $GS $HSY $HOG $FFH $KHC $BAM
In this podcast, Motley Fool analyst Jim Gillies and host Dylan Lewis discuss: Warren Buffett's plan to step down as CEO of Berkshire Hathaway. The parallels between Berkshire's succession planning and Apple's transition from Steve Jobs to Tim Cook. The available cash, opportunities, and challenges ahead for Greg Abel and team. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to inve…
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