US EditionWarren Buffett to remain Berkshire Hathaway chairman, Greg Abel to become CEO at year-end, board votes
- On May 5, 2025, Berkshire Hathaway's board voted in Omaha to keep Warren Buffett as chairman and appoint Greg Abel as CEO starting 2026.
- Buffett decided to step down as CEO due to his age of 94, while Abel, a 62-year-old vice chairman, has long managed many non-insurance businesses at Berkshire.
- Berkshire holds $348 billion in cash, and Buffett, who has given over $40 billion to the Gates Foundation, said he trusts Abel's management more than his own.
- Buffett emphasized that he has no plans to sell any Berkshire Hathaway shares and expressed confidence in Abel's leadership, while Tim Cook and Jamie Dimon honored Buffett for his profound wisdom and steadfast integrity.
- The leadership change aims to reassure investors amid economic uncertainties, ensuring continuity as Berkshire, known for its 19.9% annual stock return, prepares for future opportunities under Abel.
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What to know about Greg Abel, the CEO Berkshire Hathaway's board voted unanimously to replace Warren Buffett
The Berkshire Hathaway board has voted to replace Warren Buffett with Greg Abel.Berkshire Hathaway EnergyWarren Buffett said on Saturday he will step down as the CEO of Berkshire Hathaway by year's end.The board has voted to make Greg Abel, now a vice chair at the company, its CEO and president.Abel is expected to maintain Buffett's existing investment approach.Hours after Warren Buffett stunned the crowd at Berkshire Hathaway's annual sharehold…
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Associated Press News+37 Reposted by 37 other sources
Buffett will remain chairman at Berkshire Hathaway when Abel takes over as CEO in 2026
Billionaire Warren Buffett will remain chairman of Berkshire Hathaway after Greg Abel takes over as CEO at the start of the new year.
·United States
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Total News Sources72
Leaning Left11Leaning Right6Center35Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 21%
C 67%
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