Warren Buffett, the renowned investor and long-time leader of Berkshire Hathaway, has announced that he will step down as CEO at the end of 2025. He has recommended that Greg Abel, currently the vice chairman in charge of non-insurance operations, be appointed as his successor. This announcement was made during the company’s annual shareholder meeting and is set to be discussed further at a board meeting shortly afterward.
Despite stepping down from the CEO position, Buffett, now 94, stated that he plans to remain involved with Berkshire Hathaway in some capacity. Both he and Abel indicated that the details of Buffett’s future role within the company would be determined during the upcoming board meeting. His continued presence suggests a transitional phase that allows for knowledge transfer and continuity of leadership.
Warren Buffett to Step Down as Berkshire CEO in 2025, Greg Abel Named Successor in Planned TransitionGreg Abel’s Planned Succession Marks Strategic Move to Sustain Berkshire’s Broad Investments
Buffett had earlier named Greg Abel as the person most likely to succeed him, but until now, no timeline had been provided. Abel’s leadership within the company has been seen as a key part of its structure, especially in overseeing major areas outside of insurance, one of Berkshire’s core businesses. His promotion is viewed as a strategic and planned transition meant to ensure stability for shareholders and the firm’s diverse holdings.
Under Buffett’s guidance, Berkshire Hathaway has made significant investments across industries, including a notable focus on technology. One of its largest positions remains Apple, even after the company sold half of its stake last year. Apple still accounts for over 20% of the Berkshire portfolio, signaling the company’s continued reliance on and confidence in tech-driven growth.
