Warren Buffett Steps Down as Berkshire Hathaway CEO, Greg Abel Assumes Leadership

Warren Buffett concluded his tenure as CEO of Berkshire Hathaway on December 31, 2025, after leading the conglomerate for six decades. He will continue to serve as chairman, while Greg Abel assumes the role of CEO effective January 1, 2026.

Abel, 63, has been with Berkshire since 1999, initially joining through the acquisition of MidAmerican Energy. He has overseen various subsidiaries, including BNSF Railroad, See’s Candies, and Dairy Queen.

Buffett's decision to step down was influenced by his observation of Abel's effectiveness. He noted that Abel's energy and productivity in a 10-hour day surpassed his own, leading him to conclude that it was time for Abel to take over.

Despite stepping down as CEO, Buffett, 94, will remain involved with the company, particularly during market uncertainties. He emphasized his continued commitment to Berkshire Hathaway, stating that he has no plans to sell his stake in the company.

The transition marks a significant shift for Berkshire Hathaway, with Abel expected to maintain the company's decentralized management style while bringing his own approach to leadership.