Warren Buffett to Step Down as Berkshire Hathaway CEO in 2025

After six decades guiding Berkshire Hathaway, the 94-year-old Warren Buffett announced he will retire as CEO at the end of 2025. Vice Chairman Greg Abel, who currently oversees Berkshire’s non-insurance operations, will take the reins. Investors reacted with a mix of surprise and respect, as Buffett had previously downplayed the timing of his retirement. Still, he plans to remain a key shareholder and informal mentor. Abel’s appointment formalizes a succession scenario that’s been widely speculated for years. Berkshire’s stock dipped briefly on the news but stabilized as shareholders expressed confidence in Abel’s track record. Buffett’s tenure created one of the world’s largest conglomerates, spanning insurance, energy, railroads, and consumer brands. Analysts expect minimal strategic changes under Abel, given the strong corporate culture.