Warren Buffett Steps Down as Berkshire CEO; Greg Abel Takes Reins

• Investment legend Warren Buffett retires as CEO of Berkshire Hathaway on December 31, 2025, at age 95, ending the 'Buffett Era'.
• Greg Abel, a 62-year-old Chartered Accountant and long-time Berkshire executive, succeeds Buffett as CEO.
• Buffett will remain as Non-Executive Chairman, providing guidance from behind the scenes.
• Abel faces the challenge of investing Berkshire's massive $380 billion cash treasury amidst falling interest rates.
• Despite market concerns, Abel pledges to uphold Berkshire's core 'Buy-and-Hold' investment philosophy and company culture.

Why It Matters: Warren Buffett passes Berkshire Hathaway's CEO torch to Greg Abel, ensuring continuity of its core values.