US EditionWarren Buffett reveals to WSJ why he’s stepping down from Berkshire Hathaway
- Warren Buffett announced at Berkshire Hathaway’s annual shareholder meeting that he is stepping down as CEO, effective early 2026.
- Buffett named Greg Abel, 62, an Edmonton-born businessman and vice chairman of non-insurance operations, as his designated successor since 2021.
- Buffett, who joined Berkshire in 1965 and is 94 years old, said there was no single moment for this change and that aging only began for him around age 90.
- He described symptoms like losing balance and memory lapses but affirmed his health is good, his investing skills intact, and his intention to continue working.
- Buffett stated he will remain chairman until death, suggesting a gradual leadership transition with Abel officially succeeding at the start of 2026.
36 Articles
36 Articles
Warren Buffett explained why he decided to retire as CEO of Berkshire Hathaway: “When you start to age, it’s irreversible”
The transition of leadership in the financial conglomerate marks the beginning of a new stage under the leadership of Greg Abel, while the historic guru will continue as chairman of the board of directors
Warren Buffett reveals why he’s stepping down from Berkshire Hathaway CEO
The NewsWarren Buffett decided to step down from the leadership of Berkshire Hathaway after noticing visible signs of aging, the 94-year-old investor told The Wall Street Journal. Buffett — whose investments and maxims are the stuff of finance legend — began losing his balance, forgetting people’s names, and struggling with his vision after turning 90, shifts that coalesced into his announcement this month that he would hand over the reins of hi…
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