Name: Warren Buffett to Step Down as CEO of Berkshire Hathaway at Year-End
Uploaded: 2025-05-05T14:45:00Z
Duration: 1 min 32 s
Description: Warren Buffett said he has recommended Berkshire Hathaway's Vice Chairman Greg Abel to become the CEO in 2026.

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Warren Buffett said he has recommended Berkshire Hathaway's Vice Chairman Greg Abel to become the CEO in 2026. Photo: Scott Morgan/Reuters

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Warren Buffett said he has recommended Berkshire Hathaway's Vice Chairman Greg Abel to become the CEO in 2026.

Warren Buffett to Step Down as CEO of Berkshire Hathaway at Year-End

The time has arrived where Greg should become the chief executive officer of the company at year end. And I wanna spring that on the directors effectively and then give that as my recommendation. Let them have the time to think about what questions or what structures or anything that they want. And then there's a meeting following that, which will come in a few months. We'll take action on whatever the view is of the 11 directors. I think they'll be unanimously in favor of it. And that would mean that at year end, Greg would be the chief executive officer of Berkshire. And I would still hang around and could conceivably be useful in a few cases. But the final word would be what Greg said in operations.

Warren Buffett to Step Down as CEO of Berkshire Hathaway at Year-End

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