New Leadership at Berkshire Hathaway

The board of Berkshire Hathaway has unanimously approved Greg Abel, the current vice chairman and CEO of Berkshire Hathaway Energy, as the company's next president and CEO. This significant leadership transition is set to take effect on January 1, 2026.

Warren Buffett's Continued Influence

Despite stepping down as CEO at the end of 2025, Warren Buffett, the legendary investor, will retain his position as chairman of the board. This move ensures his continued influence and guidance over the company's strategic direction.

A Smooth Transition

Buffett's announcement over the weekend highlighted his confidence in Abel, proposing him as the ideal successor to lead Berkshire Hathaway into its next chapter. This transition marks a pivotal moment in the company's storied history.