Warren Buffett will step down as CEO of Berkshire Hathaway at the end of this year. However, he’s not retiring completely. Instead, he’ll continue to deliver his annual Thanksgiving message and increase his philanthropy efforts.
Buffett, 95, is being replaced by Greg Abel, 63, who was designated as his successor in 2021. Buffett praised Abel, saying he has exceeded his expectations.
Despite stepping down as CEO, Buffett expects Berkshire Hathaway to continue thriving under new leadership. The company’s market value has risen over 10% this year and sits on $1 trillion in assets.
Buffett plans to focus more on philanthropy, using his remaining time to give away the estimated $149 billion worth of Berkshire Hathaway stock he still holds. He recently donated 1,800 shares, valued at $1.35 billion, to four family foundations.
As CEO for six decades, Buffett has become a symbol of American business and capitalism. His annual meetings have drawn thousands of investors, who admire his value investing strategy and ability to find undervalued deals.
Under Abel’s leadership, Berkshire Hathaway’s identity may change, but its commitment to growth and profitability remains unchanged.
Source: https://edition.cnn.com/2025/11/10/markets/warren-buffett-shareholder-letter