US EditionWarren Buffett to Retire as Berkshire CEO, Greg Abel to Take Over
- Warren Buffett, 94, announced at the 2025 Berkshire Hathaway annual meeting in Omaha that he will retire as CEO by year-end and recommend Greg Abel as his successor.
- Buffett previously insisted he had no retirement plans, but growing concerns about his succession and global trade tensions influenced his decision.
- Greg Abel currently manages all Berkshire’s non-insurance operations and is regarded as proven, with Buffett praising his respect for managers' autonomy and potential to be more hands-on.
- Buffett criticized President Trump’s tariffs, warning that trade “should not be a weapon” and called for balanced global trade while noting Berkshire holds $347.7 billion in cash to invest opportunistically.
- Shareholders and investors, including Steven Check and Linda Smith, expressed confidence in Berkshire’s businesses beyond Buffett, expecting Abel’s leadership and Berkshire’s resilience despite market uncertainty.
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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 Sources533
Leaning Left99Leaning Right54Center188Last UpdatedBias Distribution55% Center
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