3 sources·Business

Warren Buffett to Remain Chairman as Greg Abel Takes Over as CEO of Berkshire Hathaway

Warren Buffett will retain his role as chairman while Greg Abel steps into the CEO position starting January 1, 2026, ensuring continuity in leadership.

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The decision to continue with the Oracle of Omaha, as Buffett is known, as head of the board differs from the succession plans laid out in the event of Buffett’s death.
Warren Buffett will remain Berkshire Hathaway chairman after Greg Abel takes over as CEO in 2026
PBS NewsHour·10d
Reliable
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Leans Left
This outlet slightly leans left.
Buffett’s announcement marked the end of an era—and the beginning of the most significant leadership change in Berkshire’s modern history.
Warren Buffett to Stay On as Berkshire Chairman After Greg Abel Takes Over as CEO
Epoch Times·10d
Mixed Reliable
This source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.
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Right
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Berkshire’s market capitalization hovered north of $1 trillion as of late Monday morning.
Who is Greg Abel, Warren Buffett's successor at Berkshire Hathaway?
Fox Business·10d
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Updated: May 5th, 2025, 3:37 PM ET

Summary

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Berkshire Hathaway's board announced that Warren Buffett will remain as chairman while Greg Abel will succeed him as CEO effective January 1, 2026. This transition marks a significant era in the company's history as Buffett steps down from the top post after leading for over 50 years. Abel, who currently oversees non-insurance operations, has been identified as Buffett's successor for some time. Buffett expressed confidence in Abel’s ability to lead and indicated he has no intention of selling his shares, emphasizing the company's long-term prospects under Abel's management.

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