'The Time Has Arrived': Warren Buffett Announces He's Stepping Down as CEO of Berkshire Hathaway By the End of 2025

Warren Buffett announced he will step down as CEO of Berkshire Hathaway by the end of 2025 during the company’s annual shareholder meeting.
Greg Abel is expected to succeed Buffett as CEO, a decision Buffett revealed was a surprise to most of the board members.
Buffett will remain available as an advisor even after stepping down, marking the end of his 60-year leadership at Berkshire.
Under Buffett, Berkshire Hathaway grew into a massive conglomerate with a market cap near $1.2 trillion, and Buffett himself is worth nearly $170 billion.