Warren Buffett He has spent the last 60 years of his legendary career in front of Berkshire Hathaway. This Saturday, he announced that his stage as CEO of the company is coming to an end.
The 94 -year -old investor made the announcement during the company’s annual shareholders meeting in Omaha, Nebraska. “The time has come,” said Buffett and confirmed that Greg Abelconsidered his natural successor for a long time, he will assume the position of CEO once he retires.
“I think the end of this year is the right time for Greg to take the leadership of the company,” Buffet said.
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Buffett revealed that, apart from his children, the rest of the Berkshire Board of Directors – including Abel – had not been previously informed. He admitted that the announcement was a surprise even for them. “Greg does not know that I am saying this right now,” he confessed to the public.
Although he will leave the position of executive director, Buffett said he will continue to be available as an advisor when necessary.
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Buffett’s departure marks the end of an era transformative. Under his leadership, Berkshire Hathaway went from being a textile in difficulties to become one of the largest and most diverse conglomerates in the United States. In May 2025, the company has a market capitalization close to $ 1.2 billion.
According to BloombergBuffett has a personal fortune of almost $ 170,000 million and is Berkshire Hathaway’s largest shareholder.
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