From Yahoo Finance: 2025-05-03 14:39:00

Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, announced his retirement at the end of the year. Shareholders were expecting this news as Buffett has been gradually reducing his involvement in the company. He recommended Greg Abel, a 62-year-old executive with 25 years at Berkshire, as his successor. Buffett and Charlie Munger have been the face of the company for decades.



Read more at Yahoo Finance: Warren Buffett To Step Down as CEO of Berkshire Hathaway at Year-End