"He's the Oracle of Omaha and, quite possibly, the greatest living investor. Warren Buffett, the CEO of Berkshire Hathaway ( NYSE:BRK-B), has rewarded Berkshire's loyal shareholders with outstanding returns based on his value-focused stock portfolio. However, at age 95, Buffett surely knows that he can't stay at the helm of Berkshire Hathaway forever. Thus, Buffett is about to cede the company's CEO position to another executive and, finally, begin his well-deserved retirement."
"Earlier this year, Buffett stunned many of his fans when he announced his intention to retire as Berkshire's CEO at the end of 2025. Starting January 1, 2026, Greg Abel, Berkshire Hathaway's vice chair of non-insurance operations, will succeed Buffett in the company's CEO role. Needless to say, Abel has gigantic shoes to fill at Berkshire. Buffett's departure represents the end of an illustrious era for the company and, by extension, for value investors worldwide."
Warren Buffett plans to retire as Berkshire Hathaway CEO at the end of 2025, with Greg Abel set to assume the role on January 1, 2026. Abel currently oversees Berkshire's non-insurance operations and manages businesses including Fruit of the Loom, See's Candies, and Oriental Trading. Berkshire lagged the S&P 500 in 2025, demonstrating that the company does not always outperform the market. The leadership transition marks the end of Buffett's era but not the end of Berkshire Hathaway. Investors are advised to review Berkshire's portfolio before selling, since the stock could still deliver strong returns under new leadership.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]