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Warren Buffet to Step Down as Berkshire Hathaway CEO by End of Year


Legendary investor Warren Buffet plans to step down as the CEO of Berkshire Hathaway by the end of the year, he announced Saturday during the company’s annual shareholder meeting. Buffet said he will ask the company’s board to approve vice chairman Gregory Abel as his successor atop the trillion-dollar conglomerate, formalizing a plan Buffet first announced in 2021.

The legendary 94-year-old investor told the company’s board he wants to hand the reins over to to vice chairman Gregory Abel Getty Images

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