Warren Buffett to Retire in 2025: Greg Abel Named Next CEO of Berkshire Hathaway
After decades of steering one of the most successful companies in the world, Warren Buffett, often called the “Oracle of Omaha,” has officially set a timeline for his retirement. By the end of 2025, Buffett will hand over the reins of Berkshire Hathaway to his longtime right-hand man, Greg Abel—a move that’s been in the works behind the scenes for years but is now set in stone.
If you’ve followed Berkshire Hathaway stock news or watched any of the company’s annual shareholder meetings, you’ve likely heard Abel’s name before. He’s not just Buffett’s pick—he’s been groomed for this role for more than two decades.
Who Is Greg Abel, Warren Buffett’s Successor?
Greg Abel, 62, is a Canadian-born executive with deep roots in the utility and energy industry, where he made his mark long before he caught Buffett’s eye. He joined the Berkshire family in 1999 when Buffett’s firm acquired a majority stake in MidAmerican Energy—a company Abel helped run at the time. That business was later renamed Berkshire Hathaway Energy, where Abel served as CEO.
Today, he’s Berkshire’s Vice Chairman of Non-Insurance Operations, overseeing massive parts of the empire including BNSF Railway, utility companies, and retail businesses. In short: he’s not new to running things on a massive scale.
What Does This Mean for Berkshire Hathaway Investors?
Abel’s rise to the top has been carefully planned. When Charlie Munger, Buffett’s late business partner, revealed in 2021 that Abel would one day lead the company, it gave shareholders and analysts time to digest the news and see Abel in action. And the feedback? Overwhelmingly positive.
Longtime board member Ron Olson told CNBC, “Greg is ready. I have no doubt about that.” And Buffett himself has echoed similar confidence in multiple shareholder letters.
Abel has also played a key role in Berkshire’s international investments, especially the company’s rising stake in five major Japanese trading houses. He stated during the recent 2025 Berkshire Hathaway shareholder meeting that those Japan investments are likely long-term holdings—potentially lasting for decades.
A Quiet Neighbor, Now a Household Name
Interestingly, Buffett shared in his 2023 annual letter that he and Abel once lived just a few blocks apart in Omaha back in the 1990s—but never met during that time. It’s a full-circle moment, now that Abel is set to become the next CEO of Berkshire Hathaway, leading one of the largest and most admired companies in the world.
A graduate of the University of Alberta and an avid hockey fan, Abel has built a reputation not just as a skilled businessman, but as a steady and trustworthy leader—exactly what many believe Berkshire needs in the post-Buffett era.
What’s Next for Warren Buffett and Berkshire Hathaway?
Buffett, now in his 90s, isn’t just stepping away abruptly. His transition plan is measured, giving both investors and the company’s leadership time to prepare. For Berkshire Hathaway stockholders, that’s good news—it reflects the same long-term, thoughtful approach that made Buffett a legend in the first place.
As 2025 approaches, all eyes will be on Greg Abel, the man set to take over a $900+ billion empire. If you’re tracking Warren Buffett retirement news, Greg Abel biography, or Berkshire Hathaway future leadership, this is the story to watch.
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