Berkshire Hathaway's CEO, Warren Buffett, announces his resignation.
Here's the freshly rewritten article:
Warren Buffett, the legendary investor and the face of Berkshire Hathaway, has made a shocking announcement – he's packing his bags after a whopping 60-year career as the 'Oracle of Omaha'.
In a surprising twist, Buffett has named Greg Abel, the current chairman of Berkshire Hathaway Energy, as his successor. Abel, a long-standing vice chair at the conglomerate, is expected to take over the reins by year-end, pending approval from the Berkshire Hathaway board[1][2][3].
Buffett made this announcement at the end of a historical general meeting, where he shared that he had no plans to sell a single share of Berkshire Hathaway. He expressed, "I will give it away eventually," hinting at a possible charity donation or inheritance to his family.
The decision to step down wasn't a secret to everyone. Only two of his children, Howie and Susie, both Berkshire directors, were privy to the decision. Buffett had previously expressed his intention to "keep playing in extra innings" back in 2023[4].
Reflecting on the occasion, Keith Ashworth-Lord, the CIO of Sanford DeLand Asset Management, told City AM, "I feel privileged to have been here in 2023 for what turned out to be Charlie's last appearance and now, in 2025, to what might be Warren's."
Charlie Munger, Buffett's trusted ally and vice chair of Berkshire Hathaway, made his last public appearance at the 2023 meeting before passing away later that year[5]. The emotional moment left the audience in a standing ovation, with Buffett adding that the applause "could be taken in one of two ways". Indeed, it marked the end of an era.
Now, as the spotlight shifts towards Greg Abel, investors are eager to see how the transition unfolds and what changes, if any, the new CEO may bring to the table.
- Warren Buffett, the CEO of Berkshire Hathaway and often referred to as the 'Oracle of Omaha', announced his retirement after a 60-year career in finance and investing.
- Buffett's successor, Greg Abel, currently the chairman of Berkshire Hathaway Energy, is expected to take over by the end of the year, once approved by the board.
- Buffett expressed during the announcement that he has no plans to sell stocks of Berkshire Hathaway, hinting at a possible charity donation or inheritance to his family.
- As the transition to Abel as CEO begins, investors are observing closely to understand potential changes in the business and investing strategies of the conglomerate.
