onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Warren Buffett to step down as CEO of Berkshire Hathaway by end of the year
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

Warren Buffett to step down as CEO of Berkshire Hathaway by end of the year

Last updated: May 2, 2025 8:00 pm
Oliver James
Share
3 Min Read
Warren Buffett to step down as CEO of Berkshire Hathaway by end of the year
SHARE

Warren Buffett said on Saturday that he plans to step down by the end of this year as CEO of Berkshire Hathaway.

The billionaire investor named Greg Abel, who is vice chairman, as his replacement.

“I think the time has arrived where Greg should become the chief executive of the company at year end,” Buffett said at Berkshire’s annual shareholders meeting in Omaha, Nebraska.

Abel, 62, has been vice chair since 2018.

Buffett Criticizes Trump’s Tariffs Rollout, Says Us Shouldnt ‘Use Trade As A Weapon’ 

Abel joined the former MidAmerican Energy, now known as Berkshire Hathaway Energy, in 1992, eight years before Berkshire took it over.

Read On The Fox Business App

Buffett, 94, said he would “hang around” the conglomerate after retiring as CEO, according to CNBC.

He said he has no plans to sell his shares in Berkshire Hathaway, which are expected to be donated after his death.

“I would add this, the decision to keep every share is an economic decision because I think the prospects of Berkshire will be better under Greg’s management than mine,” he added.

After making his announcement, the investor received a several-minute standing ovation in honor of his decades of service.

Buffett has been preparing Abel to be his successor for years, telling CNBC in 2021, “The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning.”

Warren Buffett Touts Us Stock Holdings, Japanese Investments

Warren Buffett in 1984
Warren Buffett, seen here in 1984, has helmed Berkshire Hathaway for 60 years.

Buffett took over Berkshire Hathaway in 1965 with business partner Charlie Munger, which at the time was a failing textile company. Munger died in 2023.

The conglomerate is now worth more than $1 trillion and Buffett is worth more than $168 billion, although he still lives in the modest Nebraska home he bought for $31,500 in 1958.

His son, Howard, is also expected to succeed him as non-executive chairman of Berkshire.

Reuters contributed to this report. 

Original article source: Warren Buffett to step down as CEO of Berkshire Hathaway by end of the year

You Might Also Like

Thailand’s Cabinet withdraws a controversial bill to legalize casinos

PBS sues Trump, joining NPR in legal fight against executive order to end funding

I Asked ChatGPT for a Costco Shopping List — It Gave Me 15 Items Under $25 To Buy

5 Amazon Products You Should Never Buy, According to Rachel Cruze

Saudi Arabia, US to discuss deal in mining, mineral resources, cabinet says

Share This Article
Facebook X Copy Link Print
Share
Previous Article Man injected by 856 snake bites helps create universal antivenom Man injected by 856 snake bites helps create universal antivenom
Next Article As PAP triumphs again in Singapore, Workers’ Party emerges as main opposition As PAP triumphs again in Singapore, Workers’ Party emerges as main opposition

Latest News

Microsoft climbs to  trillion in after-hours trading on blowout earnings
Microsoft climbs to $4 trillion in after-hours trading on blowout earnings
Finance July 30, 2025
Puerto Rico Lottery results: See winning numbers for Pega 2, Pega 3 on July 30, 2025
Puerto Rico Lottery results: See winning numbers for Pega 2, Pega 3 on July 30, 2025
Finance July 30, 2025
‘Why Do You Have To Read That?’: Watch Pelosi Panic As Tapper Brings Up Insider Trading Allegations
‘Why Do You Have To Read That?’: Watch Pelosi Panic As Tapper Brings Up Insider Trading Allegations
News July 30, 2025
Rupert Everett says he spent 2 weeks in bed after being ‘fired’ from “Emily in Paris”: ‘I couldn’t get over it’
Rupert Everett says he spent 2 weeks in bed after being ‘fired’ from “Emily in Paris”: ‘I couldn’t get over it’
Entertainment July 30, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.