Buffett to Retire, Greg Abel Named Berkshire CEO

Warren Buffett announced at Berkshire Hathaway's 2025 annual shareholder meeting that he will retire as CEO at the end of the year, naming Vice Chairman Greg Abel as his successor. Buffett, who has led the conglomerate since 1965, used his final annual meeting to sharply criticize Donald Trump's tariffs and protectionist trade policies, calling tariffs 'an act of war' and warning against weaponizing trade. He remains optimistic about the U.S. economy and Berkshire's future prospects. Abel, described as more hands-on and well-regarded, is expected to maintain Berkshire's long-term investment approach, though critics note concerns about Berkshire Hathaway Energy's environmental record under his leadership. The leadership transition is widely seen as orderly and unlikely to disrupt company operations, with Buffett pledging ongoing guidance. The announcement marks a significant leadership shift for one of America's most influential companies.