Core Viewpoint - Berkshire Hathaway has officially separated the roles of chairman and CEO, allowing Greg Abel to succeed Warren Buffett as CEO in 2026 [1][2][3] Group 1: Leadership Changes - The board of directors voted on September 30 to amend the bylaws to distinguish the roles of chairman and CEO, effective immediately [2] - Warren Buffett, who has led Berkshire since 1965, will continue as chairman of the board [2] - Greg Abel, currently vice chairman for non-insurance operations, is set to take over as CEO on January 1, 2026 [2][3] Group 2: Announcement Context - The leadership transition was first announced by Buffett at the annual shareholder meeting in May, which surprised many attendees [3] - The board unanimously approved Abel's appointment shortly after the initial announcement [3]
Berkshire Hathaway votes to separate chairman and CEO roles, paving way for Abel to succeed Buffett at year-end