New Delhi, Dec. 31 -- Omaha-based investment giant Berkshire Hathaway's Chief Executive Officer, Warren Buffett, is officially stepping down as the company's head by the end of the day on Wednesday, 31 December 2025, as the billionaire value investor will now assume the Chairman role.

Mint reported earlier on 5 May 2025, that the company has named Greg Abel, who is currently serving as Vice Chairman of the company, as the successor to Buffett for the CEO role, effective 1 January 2026.

In the company's 60th shareholders meeting, Warren Buffett informed the shareholders himself about the long-awaited succession plan, declaring Abel as his successor. Greg Abel will take over the conglomerate, which has nearly 4,00,000 employees across mul...