Berkshire board names Greg Abel as CEO, Buffett to remain chair, CNBC reports By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
0mins
Source: Investing.com
Leadership Transition at Berkshire Hathaway: Greg Abel has been named president and CEO of Berkshire Hathaway, effective next year, as Warren Buffett prepares to step down after 60 years, while remaining as chairman.
Market Reaction and Stability Concerns: The announcement led to a nearly 2% drop in Class B shares during premarket trading, though Buffett's continued role as chairman may provide stability for investors during the transition.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
