Berkshire Hathaway board approves Greg Abel as next CEO, Warren Buffet to remain chairman | Company Business News

Warren Buffet’s Berkshire Hathaway has named its Vice Chairman Greg Abel as the next CEO of the company as the ace investor stepped aside from his role.

Abel’s appointment will be effective from January 1, 2026, Berkshire Hathaway said in a statement.

Warren Buffet will step aside as the CEO but will continue with his role as chairman of the board of the $1.16 trillion conglomerate.

(This is a developing story, Check back for updates)