Warren Buffett to Step Down as Berkshire Hathaway CEO in 2025
Warren Buffett, the iconic 94-year-old investor, has announced plans to step down as CEO of Berkshire Hathaway at the end of 2025. Speaking during the company’s annual shareholder meeting, Buffett confirmed he would recommend vice chairman Greg Abel as his successor to the board during its Sunday meeting.
Abel, who currently oversees Berkshire’s non-insurance operations, was previously identified by Buffett as the heir apparent, though no formal timeline had been given until now. Buffett stated he would remain with the company “in some capacity,” though details about his future role will be finalized at the upcoming board meeting.
Buffett’s legacy spans decades, transforming Berkshire Hathaway into one of the world’s most valuable companies with a famously disciplined investment strategy. Despite trimming its Apple holdings last year, the tech giant still represents more than 20% of Berkshire’s portfolio, reflecting Buffett’s increasing interest in technology stocks in recent years.
The leadership handover marks the end of an era in American investing, with Abel expected to continue the company’s long-standing philosophy of patient, value-driven growth.
