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After decades at the helm, the 94-year-old investing icon passes leadership to Greg Abel — but plans to stay involved.
• Buffett will step down as CEO at the end of 2025
• Greg Abel, vice chairman for non-insurance ops, will take over as CEO
• Buffett plans to remain with the company in a yet-to-be-defined advisory role
• The board will finalize his future responsibilities this weekend
• Ends long-running speculation around succession at the $900B conglomerate
• Abel inherits control of major businesses across energy, railroads, insurance, and tech
• Despite trimming its Apple position, AAPL still makes up over 20% of the company’s equity portfolio
• Investors will be watching Abel’s capital allocation decisions — and how closely he mirrors Buffett’s playbook
The handoff is quiet, calculated, and classic Buffett — now all eyes are on what comes next.