Warren Buffett to step down with Canadian successor announced
May 3, 2025, 5:20 pm
Billionaire Warren Buffett surprised investors by announcing his exit at year’s end, and in a twist worthy of a boardroom soap opera, he introduced 62‐year-old Canadian Greg Abel as his chosen heir. The decision marks the end of an era at Berkshire Hathaway.
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire. Buffett, one of the world’s…
OMAHA, Neb. (AP) — When Warren Buffett announced at his annual shareholder meeting Saturday that he is stepping down as CEO of Berkshire Hathaway at the end of the year, he elevated a low-key 62-year-old Canadian executive named Greg Abel who has long been one of his top lieutenants. For the past…
Thousands of investors in the Omaha arena gave Buffett a prolonged standing ovation after his announcement in recognition of his 60 years leading the company.
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