Buffett will remain as chairman and said he has no plans to sell any part of his $160 billion stake in Berkshire Hathaway, making clear that his confidence in Abel is more than symbolic.

He has tasked CEO-in-waiting Greg Abel with running most of the companies the sprawling conglomerate owns. He named Abel a vice chairman, worked with him on recent investments in Japan and shared ...

Now he finds himself at the top of the food chain in the investment world.Berkshire confirmed Abel as Buffett’s successor in 2021 after former Vice Chairman Charlie Munger let it slip at the ...

Buffett's decision to give up CEO job 'a shocker' Buffett could serve as mentor, help in acquisitions Stock price falls 5% though Abel's ascension was expected May 5 (Reuters) - Warren Buffett ...

Buffett, 94, told the company’s annual general meeting in Omaha, Neb., on Saturday that he planned to hand over the reins to Abel at year-end — a decision he reportedly discussed with only his two ...

(Reuters) -Berkshire Hathaway's (BRK-B, BRK-A) board voted unanimously to name Greg Abel president and CEO starting next year, while Warren Buffett will stay on as chairman, CNBC reported on ...

Warren Buffett's 2025 Berkshire Hathaway Inc. meeting marked a significant transition, as Greg Abel now is set to take over as CEO by year-end. Buffett emphasized patience in investing ...

Greg Abel, the vice chairman of non-insurance operations at Berkshire, received unanimous approval from the board to succeed Buffett, who, after more than half a century, plans to relinquish the ...