Tag: Warren Buffett

Business

Warren Buffett to remain Berkshire chairman despite CEO change

The Berkshire Hathaway board unanimously voted on Sunday to appoint Greg Abel as president and CEO starting January 1, 2026, with Warren Buffett, 94, remaining as chairman. Buffett surprised both shareholders and Abel by revealing during the final minutes of the company’s annual shareholder meeting on Saturday that he would ask the board to replace […]

Billionaire Warren Buffett steps down as Berkshire Hathaway CEO
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Billionaire Warren Buffett steps down as Berkshire Hathaway CEO

Legendary investor and long-time leader of Berkshire Hathaway, Warren Buffet announced on Saturday that he will step down as CEO of the $1.1 trillion conglomerate by the end of 2025. The announcement came during the company’s annual shareholder meeting. Buffett, 94, said he has selected Greg Abel, Berkshire Hathaway’s vice chairman for non-insurance operations, to […]