Warren Buffett, the long-time CEO of Berkshire Hathaway, announced he will step down as CEO after more than 50 years during the recent annual meeting. This marks a significant change for the company as Greg Abel, 62, is set to take over leadership starting January 1, 2026. Buffett will remain involved as Chairman of the Board. He explained that his decision stemmed from a sense of fairness, believing Abel is ready for the role, highlighting a smooth transition following decades of his leadership.
Buffett announced his decision to step down as CEO in the final five minutes of this year's Q&A session, marking a significant leadership transition at Berkshire.
Buffett felt it was 'unfair' to continue as CEO, stating that Greg Abel is prepared to take over leadership of Berkshire Hathaway.
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