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Warren Buffett to Step Down as Berkshire Hathaway CEO After 60 Years

Citing physical effects of aging, Buffett will transition leadership to Greg Abel in 2026 while remaining chairman.

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Warren Buffett speaks during the Asahi Shimbun interview on April 11, 2023 in Tokyo, Japan.
Berkshire Hathaway chairman Warren Buffett said he “didn’t start getting really old until he was about 90”
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Overview

  • Warren Buffett, 94, announced he will step down as CEO of Berkshire Hathaway at the end of 2025, citing age-related challenges with balance, memory, and vision.
  • The Berkshire Hathaway board unanimously appointed Vice Chairman Greg Abel as CEO, effective January 1, 2026, to ensure a seamless leadership transition.
  • Buffett emphasized that his mental sharpness for investment decisions remains intact and that he will continue as chairman to guide strategic choices.
  • Berkshire Hathaway shares are trading near record highs, with the company valued at nearly $1.2 trillion, reflecting strong corporate performance during Buffett's tenure.
  • Over six decades, Buffett transformed Berkshire from a struggling textile mill into a diversified conglomerate, cementing his legacy as an investment icon.