The Oracle of Omaha takes his last bow. It'll be a new Berkshire Hathaway from here on out

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The Oracle of Omaha takes his last bow. It'll be a new Berkshire Hathaway from here on out | CNN Business

//business-finance.news-articles.net/content/202 .. hire-hathaway-from-here-on-out-cnn-business.html

Published in Business and Finance on Sunday, May 4th 2025 at 7:40 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Warren Buffett said Saturday at Berkshire Hathaway's annual shareholder meeting that he would step down as CEO at the end of the year, handing the reins to his chosen successor, Greg Abel.

2025-05-04 312 x 176 / 40729 Bytes

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has announced his retirement plans at the company's annual shareholder meeting. At 94 years old, Buffett stated that he will step down as CEO within the next year, with Greg Abel, currently Vice Chairman of Non-Insurance Operations, set to succeed him. Buffett reassured investors that he remains in good health and will continue to serve as Chairman and a key advisor to the company. He emphasized his confidence in Abel's ability to lead Berkshire Hathaway into the future, citing Abel's deep understanding of the company's operations and culture. Buffett's retirement marks the end of an era for Berkshire Hathaway, as he has been at the helm since 1965, transforming it into a conglomerate with a market value of over $800 billion.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/04/business/warren-buffett-berkshire-retirement ]