Buffett Steps Down as Berkshire Hathaway CEO
Warren Buffett has stepped down as chief executive officer of Berkshire Hathaway, marking the end of an era at one of the world’s most influential conglomerates. The transition took effect at the start of 2026, with Buffett handing over day to day management of the company after more than six decades in charge. Buffett, who is in his mid-90s, will continue to serve as chairman, retaining an advisory role in major strategic decisions.
Greg Abel takes over as CEO
Greg Abel has assumed the role of chief executive officer following Buffett’s departure from the post. Abel previously served as vice chairman overseeing Berkshire Hathaway’s non-insurance businesses and has been identified for several years as Buffett’s successor. His elevation is aimed at ensuring continuity across Berkshire’s diverse operations, which include insurance, energy, railways, manufacturing and consumer businesses.
Market response and company outlook
Berkshire Hathaway shares saw mild fluctuations around the leadership change as investors assessed the long planned transition. Analysts said the move was largely expected and does not alter the company’s long term fundamentals. Berkshire remains financially strong, with a large cash reserve and a wide portfolio of profitable subsidiaries.
Buffett’s legacy and ongoing role
Buffett is widely regarded as one of the most successful investors in history, having transformed Berkshire Hathaway from a struggling textile firm into a global business powerhouse. While no longer CEO, he has indicated he will remain engaged as chairman and mentor, providing guidance as the company enters a new phase under Abel’s leadership.
