‘The Time Has Arrived’: Warren Buffett Announces He’s Stepping Down as CEO of Berkshire Hathaway By the End of 2025

Warren Buffett has spent the last 60 years of his storied career at the helm of Berkshire Hathaway. On Saturday, he announced his tenure as CEO was coming to a close.

The 94-year-old investing legend made the announcement during the company’s annual shareholder meeting in Omaha, Nebraska. “The time has arrived,” Buffett said. He confirmed that Greg Abel, long seen as his likely successor, is expected to assume the role of CEO once he steps down.

“It feels like the right moment for Greg to take over leadership of the company at the end of this year,” Buffett said.

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