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Warren Buffett Cites Aging as He Confirms Year-End Exit as Berkshire CEO

The 94-year-old investor will step down after six decades, with Greg Abel set to take over as CEO in January 2026 while Buffett remains chairman.

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Warren Buffett said he would keep working at Berkshire but it was "unfair" not to let successor Greg Abel take over the CEO role.
Warren Buffett speaks during the Asahi Shimbun interview on April 11, 2023 in Tokyo, Japan.

Overview

  • Warren Buffett, 94, confirmed his decision to leave the CEO role at Berkshire Hathaway by the end of 2025, citing the physical effects of aging, including balance issues and declining vision.
  • Greg Abel, vice chairman of non-insurance operations, will officially assume the CEO position on January 1, 2026, following a unanimous board vote.
  • Buffett will remain chairman of Berkshire Hathaway and continue advising on key investment decisions, particularly during market downturns.
  • Abel, 62, was identified as Buffett's successor in 2021 and has been praised for his energy, leadership, and alignment with Berkshire's value-investing principles.
  • Berkshire Hathaway shares are trading near record highs, with the company valued at nearly $1.2 trillion, marking a strong financial position during the leadership transition.