US EditionWarren Buffett to Retire as Berkshire CEO, Greg Abel to Take Over
- Warren Buffett announced at Berkshire Hathaway's annual meeting in Omaha on Saturday that he plans to retire as CEO by the end of the year, recommending Greg Abel as his successor.
- Buffett's decision follows years of designating Abel, who manages Berkshire’s noninsurance businesses and is well respected by managers and investors alike.
- Buffett warned against President Trump's tariff policies during the meeting, stating trade should not be used as a weapon and these policies risk increasing global instability.
- He highlighted Berkshire's strong cash position of $347.7 billion and noted the company currently sees few attractive investments but expects future opportunities, ending with shareholders’ standing ovation for his 60 years of leadership.
- Buffett pledged to keep all his shares, expressed confidence in Abel’s management, and indicated he will remain available in some capacity after retirement, suggesting a smooth transition for Berkshire’s future.
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Warren Buffett Announces Intention to Retire by End of 2025
Investor and billionaire Warren Buffett told an arena full of shareholders on May 3 that he will retire by the end of the year, capping off roughly six decades of running his Berkshire Hathaway firm that made him a world-famous investor. Buffett said he will recommend his firm’s vice chairman, Greg Abel, to replace him in discussions with Berkshire Hathaway’s board on Sunday. “I think the time has arrived where Greg should become the chief execu…
·New York, United States
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Total News Sources542
Leaning Left100Leaning Right54Center194Last UpdatedBias Distribution56% Center
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