Warren Buffet stepping down as Berkshire Hathaway CEO after 60-year era

From Yahoo Finance: 2025-05-03 14:28:00

Warren Buffett announced on May 3 that he will step down as CEO of Berkshire Hathaway at year’s end, ending a 60-year era. Greg Abel, 62, is expected to take over. The news was met with a standing ovation at the shareholder meeting in Omaha. Buffett stated he has “zero” intention of selling any Berkshire stock. Abel joined the board in 2018 and oversees many subsidiaries. Buffett’s decision to step down caps a remarkable run of transforming Berkshire into a trillion-dollar conglomerate. Shareholders were shocked by the announcement, with many expressing surprise and admiration.



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