Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting successful Omaha, Nebraska connected May 3, 2025.
David A. Grogen | CNBC
Berkshire Hathaway has formally separated the roles of president and main enforcement officer, a long-anticipated determination that paves the mode for Greg Abel to win Warren Buffett arsenic CEO astatine the opening of 2026.
In a caller regulatory filing, the Omaha-based conglomerate said its committee of directors voted connected Sept. 30 to amend its bylaws to separate the 2 apical roles, effectual immediately. Buffett, who has tally Berkshire since 1965, volition stay president of the board, portion Abel, presently vice president for non-insurance operations, volition instrumentality implicit arsenic CEO connected Jan. 1, 2026.
The determination was archetypal announced by the 95-year-old Buffett astatine the extremity of Berkshire's yearly shareholder gathering successful May, which took galore by surprise. Berkshire's committee unanimously approved Abel's assignment soon aft the archetypal announcement.
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