Warren Buffett To Retire As Berkshire CEO After 60 Years, With Greg Abel To Succeed

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Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of 2025, naming Greg Abel as his handpicked successor, according to The Wall Street Journal.  Speaking during the closing minutes of Berkshire’s annual meeting in Omaha,  the 94-year-old investor announced his intention for Greg Abel to take over as CEO at the end of the year. Buffett took control of Berkshire in 1965 and transformed it into a sprawling conglomerate. The board is expected to formalize the transition in upcoming meetings.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of 2025,

00:07naming Greg Abel as his hand-picked successor, that according to the Wall Street Journal.

00:11Speaking during the closing minutes of Berkshire's annual meeting in Omaha,

00:15the 94-year-old investor announced his intention for Greg Abel to take over as CEO at the end of

00:21the year. Buffett took control of Berkshire in 1965 and transformed it into a sprawling

00:26conglomerate. The board is expected to formulize the transition in upcoming meetings.

00:31For all things money, visit Benzinga.com slash GSTV.

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