Warren Buffett to Retire in 2025, Greg Abel Named as Successor at Berkshire Hathaway.

Warren Buffett, the legendary investor who has led Berkshire Hathaway for nearly six decades, announced his plans to retire at the end of 2025. The news, which came during the company’s annual shareholder meeting, marks the end of an era for one of the most admired business leaders in the world. In a move that has been anticipated for several years, Greg Abel, currently Vice Chairman of Berkshire Hathaway’s non-insurance operations, has been officially named as Buffett’s successor.

Buffett, often referred to as the “Oracle of Omaha,” transformed Berkshire Hathaway from a struggling textile mill into a global conglomerate valued at over $800 billion. Under his leadership, the company acquired and managed a vast portfolio of businesses and investments, including stakes in Apple, Coca-Cola, American Express, and a host of wholly owned subsidiaries such as GEICO, BNSF Railway, and Dairy Queen.

Buffett, now 94, addressed shareholders with his usual blend of humility and insight. “It’s been the privilege of a lifetime to manage Berkshire,” he said. “But the time has come to pass the baton. Greg has the right temperament, talent, and integrity to lead Berkshire forward.”

Greg Abel, 62, has long been considered the heir apparent, especially after Charlie Munger, Buffett’s long-time business partner who passed away in late 2023, publicly endorsed him. Abel joined Berkshire Hathaway Energy in 1992 and rose through the ranks to become its CEO. He was appointed Vice Chairman of Berkshire’s non-insurance operations in 2018, and since then, has gained increasing responsibility within the company.

Abel’s operational experience and steady leadership style have reassured investors that Berkshire’s decentralized structure and long-term investment philosophy will remain intact after Buffett’s departure. Known for his low-key demeanor and intense focus on business fundamentals, Abel has played a pivotal role in managing Berkshire’s sprawling industrial and utility operations, which account for a significant portion of the company’s earnings.

Berkshire shareholders and analysts largely view the transition as a well-planned succession that reflects Buffett’s deep commitment to the company’s enduring success. “Warren has built Berkshire to last, and Abel is the ideal person to ensure that legacy continues,” said one longtime shareholder.

Buffett’s retirement will not mark a complete severance from the company. He will continue to serve on the board as a senior advisor, offering guidance and support. Additionally, Berkshire’s structure, which emphasizes autonomy among its subsidiaries and a hands-off approach from headquarters, is designed to function smoothly even in the absence of its iconic leader.

The announcement is both a moment of reflection and renewal for Berkshire Hathaway. As one chapter closes, another begins with Greg Abel at the helm. Investors and fans of Buffett alike will be watching closely as the company navigates this historic leadership transition.