Overview

• The Berkshire Hathaway board has formally approved Greg Abel as CEO-designate, with his term set to begin in early 2026.
• Warren Buffett, now 94, will step down as CEO by the end of 2025 but will continue to serve as chairman of the board.
• Berkshire’s Class B shares dropped nearly 3% in pre-market trading following the announcement, reflecting investor uncertainty.
• The leadership transition comes as Berkshire navigates U.S. tariff disputes, financial instability, and recession fears.
• Under Buffett’s six-decade leadership, Berkshire has grown into a $1 trillion conglomerate, with major holdings in GEICO, BNSF, Apple, and Coca-Cola.