Warren Buffett, at 94 years old, announced his plan to step down as Chief Executive Officer of Berkshire Hathaway at the end of 2025. He will hand over the leadership reins to Vice Chairman Greg Abel, marking a significant transition for the conglomerate.
The company's board of directors formally approved the appointment of Greg Abel as the new chief executive, effective January 1, 2026. Buffett will continue to serve as Chairman of the board, ensuring his ongoing involvement in the company's strategic direction.
This planned succession provides clarity regarding the future leadership of Berkshire Hathaway, with Greg Abel, who oversees the company's non-insurance operations, poised to maintain the core tenets of Berkshire's philosophy, including disciplined capital allocation and its decentralized structure.
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