Berkshire Hathaway

Buffett Era Ends as Berkshire Hathaway Enters New Phase Under Greg Abel

Buffett Era Ends as Berkshire Hathaway Enters New Phase Under Greg Abel

Omaha, December 31, 2025: Warren Buffett steps down as chief executive officer of Berkshire Hathaway on December 31, bringing to a close nearly 60 years of leadership that turned a struggling textile business into one of the world’s most influential conglomerates. Greg Abel will assume the role of CEO, marking a carefully planned transition at the top of the company long guided by the man known globally as the “Oracle of Omaha.” Buffett began buying shares of Berkshire Hathaway in the early 1960s at a modest price, eventually reshaping the company into a diversified powerhouse spanning insurance, manufacturing, retail, energy…
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