Warren Buffett to Step Down as CEO of Berkshire Hathaway, Greg Abel to Succeed Him
Warren Buffett, the legendary investor who has steered berkshire Hathaway for six decades, will relinquish his role as CEO at the end of 2025, the company announced Friday. He will be succeeded by Greg Abel, currently head of Berkshire’s non-insurance operations. Buffett, who will turn 95 in August 2025, will remain chairman of the board. The transition marks the end of an era for one of the world’s most successful conglomerates, currently holding a record $380 billion in cash.
The move, long anticipated, ensures a smooth succession for the $789 billion (market capitalization as of Nov. 9, 2025) company and its shareholders. Abel, over 60, has worked closely with Buffett for years, gaining extensive experience across Berkshire’s diverse holdings. He will take the helm of the annual shareholder meeting in Omaha in May 2025, marking the first time Buffett will not be present on stage.
Buffett’s departure follows a 60-year run transforming Berkshire Hathaway from a struggling textile company into a sprawling empire encompassing insurance, railroads, energy, and a vast portfolio of stocks, including Apple, Bank of America, and Coca-Cola. he built a reputation for value investing, acquiring companies with strong fundamentals at reasonable prices and holding them for the long term.
Berkshire Hathaway’s operating profit rose by more than a third in the third quarter of 2025, demonstrating the continued strength of its underlying businesses. The company recently divested its 17-year stake in Chinese automaker BYD in September 2025.
