Archive · 2 Jan 2026
Warren Buffett Steps Down, Greg Abel Takes Over
Warren Buffett, the famous investor, has stepped down from his role at Berkshire Hathaway.
He is 95 years old and has been leading the company for a very long time.
Berkshire Hathaway is a huge company that owns many other companies, like Coca-Cola and Apple.
Greg Abel, who is from Canada, will now take over as the new CEO.
Abel has worked with Berkshire for a long time and knows a lot about running businesses.
Investors are excited to see what Abel will do with the company, especially since Berkshire has a lot of money saved up.
Buffett's way of investing was to find good companies and hold onto them for a long time.
Abel says he will keep doing this.
People are curious if Abel will start investing more in technology companies, as Buffett did not do much of that.
Warren Buffett, 95, has stepped down from his role at Berkshire Hathaway, with Greg Abel taking over as CEO.
Buffett transformed Berkshire Hathaway from a textile company into a $1 trillion conglomerate over six decades.
Greg Abel, born in Canada, has a background in consulting and energy, and has been with Berkshire since 1992.
Abel is known for his analytical approach and has been involved in major capital allocation decisions.
Investors are watching to see if Abel will continue Buffett's investment philosophy and how he will manage Berkshire's $168 billion cash pile.
- Who
- Warren Buffett, Greg Abel
- What
- Warren Buffett's retirement and Greg Abel's succession as Berkshire Hathaway CEO
- When
- Warren Buffett stepped down earlier this week, with retirement announced for 2025
- Where
- Berkshire Hathaway, a U.S.-based conglomerate
- Why
- To ensure a smooth transition of leadership and continue Buffett's investment philosophy
- Warren Buffett's Age
- 95 years
- Berkshire Hathaway's Market Cap
- $1 trillion
- Greg Abel's Birthplace
- Edmonton, Alberta, Canada
- Greg Abel's Education
- University of Alberta
- Greg Abel's Previous Roles
- PricewaterhouseCoopers, CalEnergy, MidAmerican Energy
- Berkshire Hathaway's Cash Pile
- $168 billion
- Buffett's Investment Philosophy
- Buy wonderful businesses at fair prices
- Notable Berkshire Investments
- Coca-Cola, Apple, GEICO, Duracell