Warren Buffett Announces CEO Transition at Berkshire Hathaway by 2025

Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of 2025, with Greg Abel set to take over leadership. The announcement, made at the annual shareholder meeting, led to a modest drop in Berkshire's stock price, reflecting both investor uncertainty and the fact that Abel had long been identified as Buffett's successor. Despite the transition, Buffett emphasized he will retain his substantial personal stake in the company and is expected to maintain significant influence. At the meeting, Buffett raised concerns about U.S. debt and trade protectionism but remained optimistic about America's long-term prospects, reaffirming Berkshire's disciplined investment approach and record cash reserves. Abel reassured shareholders of his commitment to Berkshire's autonomous subsidiary structure, while Buffett underscored the company's continued confidence in major holdings like Apple and Japanese trading companies. Analysts note that while the leadership change introduces some uncertainty, Berkshire's defensive strategy and investment philosophy are likely to persist.