Warren Buffett Announces Plans to Step Down as CEO of Berkshire Hathaway

May 4, 2025 - 06:41

Warren Buffett, the iconic investor and CEO of Berkshire Hathaway, revealed on Saturday that he intends to conclude his tenure at the helm of the company by the end of this year. This decision marks a significant transition for the multinational conglomerate, which has been under Buffett's leadership for decades. Known for his value investing philosophy and keen business acumen, Buffett has been a pivotal figure in shaping the company's success and reputation in the financial world.

Buffett indicated that he will recommend Greg Abel, the current vice chairman of Berkshire Hathaway, as his successor. Abel has been with the company for many years and is well-regarded for his operational expertise and strategic vision. Buffett's announcement comes as he reflects on his legacy and the future direction of the company. As he prepares to step back, shareholders and analysts alike are eager to see how this leadership change will impact Berkshire Hathaway's long-term strategy and performance.