End of an era: Warren Buffett will ask Berkshire board to replace him as CEO with Greg Abel
Publishing timestamp: 2025-05-04 07:21:48
Summary
Warren Buffett announced that he will ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at the end of the year. Despite being 94 years old, Buffett will still be around to help, but Abel will have the final word on company operations and capital deployment. Buffett praised Abel's managerial style and commitment to Berkshire's subsidiaries. Abel plans to continue Buffett's patient value investing style and deploy Berkshire's cash when good opportunities arise. The board is expected to unanimously approve Abel as CEO.
Sentiment: POSITIVE
Tickers: BRK.A,
Keywords: omaha, wall street, investment strategy, breaking news: investing, markets, berkshire hathaway inc, greg abel, nebraska, stock markets, business news, breaking news: markets, warren buffett, breaking news: business,