Warren Buffett to Stay On as Berkshire Chairman After Greg Abel Takes Over as CEO

The Berkshire board’s unanimous vote formalizes the leadership transition as Buffett, 94, steps aside as CEO.
Warren Buffett to Stay On as Berkshire Chairman After Greg Abel Takes Over as CEO
Berkshire Hathaway CEO Warren Buffett attends the Berkshire Hathaway Inc. annual shareholders meeting in Omaha, Neb., on May 3, 2024. Scott Morgan/Reuters
Tom Ozimek
Updated:
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Warren Buffett will remain chairman of Berkshire Hathaway after stepping down as chief executive at the end of the year, the company’s board of directors announced on May 5, after unanimously approving Vice Chairman Greg Abel as CEO effective Jan. 1, 2026.

The board’s announcement formalizes the long-anticipated transition, with Abel set to lead the $900 billion conglomerate while Buffett, now 94, continues as chairman, maintaining a guiding role at the company he has led for more than six decades.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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