Warren Buffett has spent the last 60 years of his profession as head of Berkshire Hathaway. On Saturday he announced his term when CEO got here to an end.
The 94-year-old investment legend made the announcement throughout the company’s annual shareholder meeting in Omaha, Nebraska. “Time has arrived,” said Buffett. He confirmed that Greg Abel, who has long been considered his probable successor, will tackle the role of the CEO as soon as he resigns.
“It feels like the right moment for Greg to take over the management of the company at the end of this year,” said Buffett.
Relatives: “Keep your head when you lose everything about you.”
Buffett revealed that along with his children, the remainder of the Berkshire board – including Abel – had not been informed prematurely. He admitted that the announcement surprised her herself. “Greg doesn’t know that I’m saying that,” said Buffett of the gang.
While he’ll quit the highest leadership role, Buffett announced that he’ll still be available in an advisory function if needed.
Relatives: I work with Warren Buffett. He might be the neatest person on this planet – here is the perfect advice he gave me.
Buffett’s departure marks the tip of a transformative era. Under his leadership, Berkshire Hathaway developed from a fighting textile manufacturer to certainly one of the most important and most diverse conglomerate within the USA. From May 2025, the corporate has a market capitalization of just about 1.2 trillion dollars.
Buffett is personally value almost 170 billion US dollars, Pro BloombergAnd is the most important shareholder of Berkshire Hathaway.
