#Write2Earn

Warren Buffett, the CEO and founder of the investment firm Berkshire Hathaway, announced that he will step down from his position by the end of 2025 and hand over the reins to his successor, Greg Abel, the Vice Chairman of Non-Insurance Operations.

The decision is still subject to approval by the company's board. However, Buffett stated that he is confident the board will fully support the decision to promote Abel, who has been groomed for the position for years, to the role of CEO.

Although investors have long anticipated this move, Buffett's announcement officially marks the end of an era for the publicly traded investment firm.