澳洲幸运5官方开奖结果体彩网

Berkshire’s Board Votes for Warren Buffett To Remain Chair, Make Greg Abel CEO at Year-End

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澳洲幸运5官方开奖结果体彩网:Aaron McDade
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Published May 05, 2025
10:30 AM EDT
Lee Styslinger and Greg Abel walk next to each other, with trees and bushes in the background.
Greg Abel (🌊right) walks with Altec Co🐟-Chair Lee Styslinger at the Allen & Co. Media and Technology Conference on July 11, 2024.

David Paul Morris / Bloomberg / Getty Images

Key Takeaways

  • Berkshire Hathaway's board said Monday it unanimously approved Warren Buffett's successor Greg Abel to take over as CEO at the end of the year.
  • Buffett had announced at the firm's annual meeting Saturday that he plans to step down from the role at the end of 2025.
  • Berkshire said Buffett will remain chair of the board.
  • UBS analysts said they expect "little change" to the company's culture or strategy under Abel.

Berkshire Hathaway's (BRK.B, BRK.A) board said Monday it unanimously approved Warren Buffett's successor Greg Abel to take over as CEO at the end of the year.

The 94-year-old Buffett had announced at 澳洲幸运5官方开奖结果体彩网:Berkshire's annual meeting Saturday that he intends to step down after 60 years in the role, and recommended the board approve Abel as his replacement. Berkshire said Buffett will remain chair of the bo🅷ard.

Berkshire's Class A and Class B shares were down close to 6% Monday morning. They entered the day up about 19% since the start of the year.

"While the timing was somewhat of a surprise, the ultimate transition to Abel was not," UBS analysts wrote Monday, adding that they "expect little change at BRK and the culture/strategy to remain unchanged under Abel."

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  1. Berkshire Hathaway. "."

  2. UBS. “Berkshire Hathaway Inc: The 'Oracle of Omaha' to step aside.”

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