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Warren Buffett delivered more than a 5,000,000% return to investors. This guy is going to replace him

At Berkshire Hathaway's annual shareholder meeting on a Saturday, Warren Buffett announced he will step down as CEO at the year's end.
Buffett recommended Greg Abel, Edmonton-born and current Berkshire Hathaway Energy CEO, to succeed him, with the board officially approving the plan.
Abel, described as a more active leader who hopes to maintain a positive approach, was praised by Buffett, Charlie Munger, and board members for his leadership qualities.
Buffett highlighted Abel's Edmonton roots and hockey connections, while Abel noted his style includes engaging questions and comments about Berkshire's businesses.
Abel will officially assume the CEO role in 2026, while Buffett will remain executive chairman, continuing a planned leadership transition for the $1.1 trillion conglomerate.

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Squawk Pod

Daily Business, Investing podcast from CNBC

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Daily Business, Investing podcast from CNBC

Squawk Pod: Bill Ackman & updates from Omaha - 05/05/25 | Audio Only

Squawk Pod discusses Buffett’s surprise leadership transition at Berkshire Hathaway as Greg Abel is announced to become CEO.

15 days ago·United States

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Svenska Dagbladet

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The "Oracle of Omaha" that surprised everyone

The 94-year-old surprised everyone with his resignation. Not even his successor knew in advance what the “Oracle of Omaha” would say. Only two of Warren Buffett’s children were privy to the secret.

14 days ago·Stockholm, Sweden

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Bloomberg

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Berkshire’s Board Follows Buffett’s Advice, Naming Abel Next CEO

Berkshire Hathaway Inc. followed Chief Executive Officer Warren Buffett’s recommendation, naming Vice Chairman Greg Abel to replace the billionaire as CEO, effective Jan. 1.

14 days ago·United States

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CNN

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Who is Greg Abel, the next Berkshire Hathaway CEO?

Those who have followed Berkshire Hathaway have long-anticipated that the day would come when legendary investor and CEO Warren Buffett called it quits.

14 days ago·Atlanta, United States

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Radio Iowa

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Warren Buffett to retire at year's end, Iowan Greg Abel to become Berkshire CEO - Radio Iowa

An Iowan will become chief executive of the world’s 8th most valuable company. Berkshire Hathaway CEO Warren Buffett, who is 94 years old, made the announcement to a crowd of nearly 20,000 at the company’s 2025 shareholders meeting in Omaha this past weekend, an event that was broadcast live on CNBC. “The time has arrived […]

14 days ago

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