Warren Buffett announced his resignation as CEO of Berkshire Hathaway in May 2025
6 may 2025 в 05:37
Warren Buffett announced his departure from the position of CEO of Berkshire Hathaway in May 2025. This happened after six decades of his career in the company, where he will continue to work as chairman after stepping down from the executive position. Thanks to 60 years of work in the company, Buffett has become one of the richest billionaires in the world, ranking fifth in terms of wealth, according to Forbes.
Buffett met with Berkshire shareholders in May 2025, where he announced his decision to leave.
«Tomorrow we have a meeting of the Berkshire board of directors, and we have 11 directors. Two of the directors, who are my children, Howie and Susie, know what I am going to talk about there», - Buffett began. «The others, this will be news to them, but I think it is time for Greg [Abel] to become CEO of the company by the end of the year».
Buffett is 94 years old as of May 2025.
By May 2025, Buffett’s fortune was $ 160.1 billion, according to Forbes.
Buffett did not disclose the reason for his decision to step down as CEO of Berkshire by the end of 2025. Instead, he focused on praising his successor, Greg Abel, and his abilities as the future CEO.
«I would add this — the decision to keep every share is an economic decision, because I think Berkshire’s prospects will be better under Greg’s leadership than mine», - gratefully stated Buffett in front of the shareholders in May 2025, according to NBC News. «With Greg, everything works much better than with me, because, you know, I didn’t want to work as hard as he did. I could afford it because we have a mostly good business, a very good business».
Abel is a 62-year-old Canadian businessman who has served as vice chairman of non-insurance operations at Berkshire Hathaway since January 2018. He has also been CEO of Berkshire Hathaway Energy, a subsidiary company.
Four years before Buffett’s announcement of his departure as CEO, he confirmed that Abel would be his successor in May 2021. At that time, Buffett told CNBC: «The directors agree that if something happens to me tonight, Greg will take over leadership tomorrow morning»
Buffett met with Berkshire shareholders in May 2025, where he announced his decision to leave.
«Tomorrow we have a meeting of the Berkshire board of directors, and we have 11 directors. Two of the directors, who are my children, Howie and Susie, know what I am going to talk about there», - Buffett began. «The others, this will be news to them, but I think it is time for Greg [Abel] to become CEO of the company by the end of the year».
Buffett is 94 years old as of May 2025.
By May 2025, Buffett’s fortune was $ 160.1 billion, according to Forbes.
Buffett did not disclose the reason for his decision to step down as CEO of Berkshire by the end of 2025. Instead, he focused on praising his successor, Greg Abel, and his abilities as the future CEO.
«I would add this — the decision to keep every share is an economic decision, because I think Berkshire’s prospects will be better under Greg’s leadership than mine», - gratefully stated Buffett in front of the shareholders in May 2025, according to NBC News. «With Greg, everything works much better than with me, because, you know, I didn’t want to work as hard as he did. I could afford it because we have a mostly good business, a very good business».
Abel is a 62-year-old Canadian businessman who has served as vice chairman of non-insurance operations at Berkshire Hathaway since January 2018. He has also been CEO of Berkshire Hathaway Energy, a subsidiary company.
Four years before Buffett’s announcement of his departure as CEO, he confirmed that Abel would be his successor in May 2021. At that time, Buffett told CNBC: «The directors agree that if something happens to me tonight, Greg will take over leadership tomorrow morning»
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