US EditionWarren Buffett to Retire as Berkshire CEO, Greg Abel to Take Over
- On May 4, 2024, Warren Buffett announced at Berkshire Hathaway's annual meeting in Omaha that he wants to retire as CEO by year-end and will recommend Greg Abel as his successor.
- Buffett made this decision after 60 years of leading Berkshire and praised Abel's proven management of non-insurance businesses and potential to be more hands-on than himself.
- Thousands of shareholders attended the meeting, where Buffett also warned that President Trump's tariffs risk global instability and described trade as a potential act of war.
- Berkshire sits on $347.7 billion in cash, and Buffett predicted crises would generate attractive investment opportunities despite currently limited bargains and recent market turmoil.
- Shareholders expressed cautious optimism about Berkshire’s future under Abel while acknowledging they will miss Buffett’s leadership and voice of reason after his departure.
425 Articles
425 Articles
Omaha World-Herald
Warren Buffett announces plan to step down as Berkshire Hathaway CEO
Warren Buffett dropped a bombshell at the end of the Berkshire Hathaway annual meeting Saturday, saying he is ready at the end of the year to step aside as the CEO of the company.
Warren Buffett Announces He’s Stepping Down As Berkshire Hathaway CEO
After 55 years, Warren Buffett is stepping down as CEO of Berkshire Hathaway, announcing his departure on Saturday. The 94-year old multibillionaire dropped the bombshell during the conclusion of his remarks at his annual shareholder meeting in Omaha, noting that he will resign at the end of the year, upon which Greg Abel will succeed […]
CEO Warren Buffett to Step Down From Berkshire Hathaway; Australian Prime Minister Albanese Wins 2nd 3-Year Term
CEO of Berkshire Hathaway Warren Buffett announced Saturday in Omaha that he will soon step down. Buffett said he will ask the board to have Greg Abel replace him at the end of the year. Australian Prime Minister Anthony Albanese has won a second consecutive term. He suggests that his government increased its majority by not modeling itself on the Trump administration. 🇺🇸More Breaking News, Special Reports, and Live Coverage on NTD: https://ep…
Warren Buffett shocks shareholders by announcing his retirement
Revered investor Warren Buffett has shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year.Buffett said he would recommend to Berkshire Hathaway’s board on Sunday (Monday AEST) that vice chairman Greg Abel should replace him.“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said.READ MORE: Dutton hoped write a chapter in history.…
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