Warren Buffett to Step Down as Berkshire Hathaway CEO After 60-Year Run
Updated on
Published on
It’s official—Warren Buffett is stepping down as CEO of Berkshire Hathaway after six decades leading one of the most iconic companies in the world. The 94-year-old investing legend made the announcement during the company’s annual shareholder meeting this weekend, confirming that Vice Chairman Greg Abel will take over by the end of the year.
Buffett’s exit isn’t a shock—succession talk has been floating around for years—but it still marks the end of an era. Under his leadership, Berkshire grew into a $1.2 trillion empire with massive stakes in companies like Apple, Coca-Cola, and American Express. Even with the leadership change, Buffett made it clear: he’s not selling a single share. “It will get given away,” he told shareholders.
Greg Abel has been seen as the heir apparent for a while now, and Buffett’s son Howard is expected to step in as non-executive chairman. With this transition, Berkshire enters a new chapter—but not before Buffett takes a well-earned bow after redefining what it means to build long-term value.
