Warren Buffett Steps Down As CEO Of Berkshire Hathaway After 60 Years, Greg Abel Takes Charge As New CEO

Warren Buffett served his final day as the Chief Executive Officer (CEO) of Berkshire Hathaway and stepped down effective December 31, 2025, concluding a 60-year tenure that transformed the company from a struggling textile firm into a major conglomerate.

Buffett will continue as Chairman and work from the Omaha headquarters, while Greg Abel takes over as CEO, effective January 1, 2026.

Buffett, widely regarded as the most successful investor in history, famously transformed a failing New England textile mill into a USD 1 trillion powerhouse. His departure marks the end of an era defined by “value investing”—a philosophy centered on long-term discipline and “economic moats” in companies like Apple and Coca-Cola.

Abel was serving as Vice Chairman of Berkshire Hathaway Inc. He is the former CEO and Chairman of Berkshire Hathaway Energy. He joined CalEnergy in 2000, helping grow it into a global energy company with over 23,000 employees. He became President in 1999, CEO in 2008, and Chairman in 2011. He serves on the Boards of Edison Electric Institute, Nuclear Electric Insurance Ltd., Associated Electric & Gas Insurance Services Ltd., and The Kraft Heinz Company. Abel began his career at PricewaterhouseCoopers and holds a degree from the University of Alberta. He supports youth leadership programmes, educational initiatives, and sports foundations while advocating continuous personal and professional development.