Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, announced during the annual shareholder meeting that he will step down as the leader of the $1.1 trillion conglomerate by the end of 2025. Greg Abel, currently the vice chairman for non-insurance operations, will succeed him. This transition highlights Buffett's ongoing commitment to ensuring a smooth leadership change as he prepares to pass the torch after years of influential guidance in long-term investing strategies.
During the annual shareholder meeting, Warren Buffett confirmed his decision to step down as CEO of Berkshire Hathaway, handing leadership to Greg Abel by year-end.
Buffett's announcement marks a pivotal moment for the $1.1 trillion conglomerate, signifying a generational shift in its leadership and future direction.
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