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2w ago

Greg Abel to Take Berkshire Helm as New Leadership Lineup Forms and Record Cash Tests Strategy

Investors focus on whether the incoming chief will deploy capital differently from Buffett.

Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc. annual shareholders' meeting, in Omaha, Nebraska, U.S., May 2, 2025. REUTERS/Brendan McDermid/File Photo
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Overview

  • Warren Buffett will step down as CEO at the end of 2025 and remain chairman as Greg Abel becomes chief executive.
  • Berkshire detailed a reshuffle that includes Adam Johnson taking oversight of 32 non-insurance units, Nancy Pierce becoming GEICO CEO, Todd Combs departing for JPMorgan, a new chief financial officer, and the company’s first in-house general counsel.
  • The conglomerate holds about $381.7 billion in cash after 12 consecutive quarters of net stock sales totaling nearly $184 billion.
  • Regulatory filings show Berkshire initiated a sizable Alphabet position in the September quarter with 17,846,142 Class A shares.
  • Analysts say the transition could bring a greater tilt toward technology investments and they note speculation about potential cash returns, though Berkshire has not announced any change in policy.