Warren Buffett announced his retirement as CEO of Berkshire Hathaway at the end of 2025. Greg Abel, who has been with the company since 1999, will replace him. Buffett’s retirement announcement came during Berkshire Hathaway’s annual meeting in Omaha, Nebraska.
The event attracts shareholders, investors, and media who want to hear from Buffett, known as the “Oracle of Omaha” for his long-term investment success. Berkshire Hathaway is a diversified conglomerate with insurance, utilities, railroads, retail, and manufacturing businesses. It also has substantial investments in public companies like Chevron and American Express.
Buffett announces 2025 retirement plans
While some changes are expected under Abel’s leadership, drastic deviations from Buffett’s management style are unlikely. Abel joined Berkshire Hathaway in 1999 and has been mentored by Buffett for many years.
Buffett will remain as chairman, providing guidance and support to Abel. This arrangement ensures some continuity in leadership. In conclusion, while the leadership transition will bring some changes, Berkshire Hathaway’s fundamental ethos and strategies, shaped by Buffett, are expected to continue under Abel’s stewardship.
The company’s legacy of long-term value investing is likely to persist.
