{"id":222528,"date":"2025-05-04T09:10:39","date_gmt":"2025-05-04T09:10:39","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-asks-board-to-confirm-greg-abel-as-successor-corrected-warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-ask\/"},"modified":"2025-05-04T09:10:39","modified_gmt":"2025-05-04T09:10:39","slug":"warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-asks-board-to-confirm-greg-abel-as-successor-corrected-warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-ask","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=222528","title":{"rendered":"Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor (CORRECTED) Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.benzinga.com\/files\/images\/story\/2025\/05\/03\/Warren-Buffett--Chairman-And-Ceo-Of-Berk_3.jpeg?optimize=medium&amp;dpr=1&amp;auto=webp&amp;height=675&amp;width=1200&amp;fit=crop\" \/><\/p>\n<div><!--$--><\/p>\n<p class=\"block core-block\"><em>Editor&#8217;s note: This story has been updated to reflect that the announcement was made on Saturday at the Berkshire Hathaway annual meeting.<\/em><\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Warren Buffett<\/strong>\u00a0shocked attendees at the <strong>Berkshire Hathaway Inc.<\/strong>\u00a0<span class=\"ticker\" data-ticker=\"BRK\" data-exchange=\"NYSE\" style=\"display:inline-block\">BRK<\/span> annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with <strong>Greg Abel <\/strong>set to succeed him.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>What Happened<\/strong>: The Associated Press <a href=\"https:\/\/www.politico.com\/news\/2025\/05\/03\/warren-buffett-retire-00325196\" target=\"_blank\">reports<\/a>\u00a0that Buffett stated, \u201cI\u00a0think the time has arrived\u00a0where Greg should become the\u00a0chief executive of the company\u00a0at year end.\u201d Buffett will turn 95 on August 30.<\/p>\n<p><!--\/$--><!--$--><!--$--><!--\/$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Buffett\u2019s retirement marks the end of\u00a0a 60-year tenure during which\u00a0he transformed Berkshire Hathaway from\u00a0a struggling textile firm into a major conglomerate with a market capitalization of $1.16 trillion.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><em>See Also:\u00a0<a href=\"https:\/\/benzinga.com\/25\/05\/45158172\/amazon-ceo-andy-jassy-predicts-pandemic-like-consumer-shifts-says-company-is-maniacally-focused-on-keeping-prices\" target=\"_blank\" rel=\"noreferrer noopener\">Andy Jassy Predicts Pandemic-Like Consumer Shifts, Says Amazon Is \u2018Maniacally Focused\u2019 On Keeping Prices Low<\/a><\/em><\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Buffett plans to retain his Berkshire stock. He said, \u201cI\u00a0would add this, the decision\u00a0to keep every share is\u00a0an economic decision because I\u00a0think the prospects of Berkshire\u00a0will be better under Greg&#8217;s\u00a0management than mine.\u201d He also mentioned his intention to \u201chang around\u201d to provide guidance during the transition, but\u00a0operational and capital allocation decisions\u00a0will be under Abel\u2019s control.<\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">The announcement\u00a0came as a surprise to\u00a0most of Berkshire\u2019s board members, with only Buffett\u2019s children, Howie and Susie, being aware of the plan. Abel has been considered as Buffett\u2019s potential\u00a0successor since at least 2021.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Why It Matters<\/strong>: Buffett\u2019s retirement signifies the end of an era at Berkshire Hathaway. His investment strategies and leadership have been instrumental in the company\u2019s growth.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Abel\u2019s appointment as CEO is a significant move, marking a new chapter in the company\u2019s history.<\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">His leadership will be closely watched by investors and market analysts alike, as he takes on the challenge of steering the conglomerate in the post-Buffett era.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><em>Read Next:\u00a0<a href=\"https:\/\/benzinga.com\/news\/earnings\/25\/05\/45184121\/warren-buffett-warns-tariffs-could-backfire-on-economy-says-trade-should-not-be-a-weapon-its-a-big-mistake-i-dont-think-its-wise\" target=\"_blank\" rel=\"noreferrer noopener\">Warren Buffett Warns Tariffs Could Backfire on Economy, Says, \u2018Trade Should Not Be A Weapon. It&#8217;s A Big Mistake, I Don&#8217;t Think It&#8217;s Wise&#8217; \u2013 Benzinga<\/a><\/em><\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><em>Photo: Kent Sievers\/Shutterstock<\/em><\/p>\n<p><!--\/$--><!--$--><!--\/$--><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Editor&#8217;s note: This story has been updated to reflect that the announcement was made on Saturday at the Berkshire Hathaway annual meeting. Warren Buffett\u00a0shocked attendees at the Berkshire Hathaway Inc.\u00a0BRK annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with Greg Abel set to succeed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":222529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[71009,16303,38475,2295,47870,11527,67361,83344,23688,48331,2172,83343,6868,629],"dealstore":[],"offerexpiration":[],"class_list":["post-222528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-abel","tag-asks","tag-berkshire","tag-board","tag-buffett","tag-ceo","tag-confirm","tag-corrected","tag-greg","tag-hathaway","tag-step","tag-successor","tag-warren","tag-year"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor (CORRECTED) Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=222528\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor (CORRECTED) Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Editor&#8217;s note: This story has been updated to reflect that the announcement was made on Saturday at the Berkshire Hathaway annual meeting. Warren Buffett\u00a0shocked attendees at the Berkshire Hathaway Inc.\u00a0BRK annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with Greg Abel set to succeed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=222528\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-04T09:10:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Warren-Buffett-Chairman-And-Ceo-Of-Berk_3.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=222528#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=222528\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor (CORRECTED) Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor\",\"datePublished\":\"2025-05-04T09:10:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=222528\"},\"wordCount\":394,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=222528#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Warren-Buffett-Chairman-And-Ceo-Of-Berk_3.jpeg\",\"keywords\":[\"Abel\",\"Asks\",\"Berkshire\",\"Board\",\"Buffett\",\"CEO\",\"Confirm\",\"CORRECTED\",\"Greg\",\"Hathaway\",\"Step\",\"Successor\",\"Warren\",\"Year\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=222528#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=222528\",\"url\":\"https:\/\/fivemor.com\/?p=222528\",\"name\":\"Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor (CORRECTED) Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor - 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