Warren Buffett said on Saturday he will step down as the CEO of Berkshire Hathaway by year's end.The board has voted to make Greg Abel, now a vice chair at the company, its CEO and president.Abel is expected to maintain Buffett's existing investment approach.

Billionaire Warren Buffett will remain with Berkshire Hathaway as chairman of the board when vice chairman Greg Abel takes over as CEO to begin 2026.The board of directors at the cash-rich conglomerate voted Sunday to keep the legendary 94-year-old investor as head of the board,

Berkshire Hathaway’s board of directors has voted unanimously to appoint Greg Abel as chief executive, with Warren Buffett remaining chair of the group he built from almost scratch into a $1.2tn conglomerate.