Warren Buffett to Step Down as Berkshire Hathaway CEO at End of 2025, Greg Abel Named Successor
Warren Buffett announced today that he plans to step down as CEO of Berkshire Hathaway at the end of 2025, formally recommending Vice Chairman Greg Abel as his successor.
“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett, 94, said during Berkshire’s annual shareholder meeting. The company’s board is expected to discuss the transition at its meeting on Sunday.
Although stepping back from the CEO role, Buffett emphasized that he intends to “hang around” in some capacity. He and Abel told CNBC that details of Buffett’s future involvement will be determined during the board meeting.
Buffett had previously named Abel, who oversees Berkshire’s non-insurance operations, as his eventual successor but had not specified a timeline until now.
While Berkshire Hathaway maintains a diverse portfolio, technology remains a key focus — most notably through its significant investment in Apple. Despite selling off half of its Apple holdings last year, the tech giant still accounts for over 20% of Berkshire’s portfolio.
