Warren Buffett to Step Down as CEO of Berkshire Hathaway
Legendary investor Warren Buffett has confirmed he will step down as CEO of Berkshire Hathaway by the end of 2025, handing over leadership to his successor Greg Abel, as the company holds record-high cash reserves and faces new challenges in the digital asset era.
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Published: 05/05/2025
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Author: Leexim
Warren Buffett to Step Down as CEO of Berkshire Hathaway
Legendary investor Warren Buffett has confirmed he will step down as CEO of Berkshire Hathaway by the end of 2025, handing over leadership to his successor Greg Abel, as the company holds record-high cash reserves and faces new challenges in the digital asset era.

At Berkshire Hathaway’s recent annual shareholders meeting, legendary investor Warren Buffett announced that he will officially step down as Chief Executive Officer (CEO) at the end of 2025. His chosen successor will assume the role, pending approval from the board of directors.
According to CNBC, Buffett confirmed that Greg Abel — Vice Chairman in charge of non-insurance operations — will take over as CEO. Abel had previously been publicly identified by Buffett as his intended successor.
“It’s time for Greg to become CEO by the end of the year,” Buffett said. “I want to communicate that clearly to the board and make my formal recommendation.”
Buffett added that after stepping down, he will remain involved with Berkshire Hathaway in an advisory role, but all final executive decisions will rest with Greg Abel.
The announcement comes as Berkshire is sitting on a massive $348 billion in cash reserves.
Buffett has long warned that the rising U.S. national debt is unsustainable and has expressed concern over increasing macroeconomic instability, which he says is impacting global financial markets.