New Delhi, Dec. 31 -- Billionaire value investor Warren Buffett's investment giant Berkshire Hathaway, on 5 May 2025, announced that the conglomerate's Vice Chairman, Greg Abel, will succeed Warren Buffett, who is officially stepping down as the Chief Executive Officer (CEO) at the end of the day on 31 December 2025.

Mint reported earlier that the ''Oracle of Omaha' or Warren Buffett will now assume the Chairman role after handing over the reins of the investment giant to his close aide Abel with the turn of the year into 2026.

Greg Abel will take charge as the CEO of Berkshire Hathaway effective 1 January 2026, according to the company's announcement in the previous annual general meeting.

"I think the time has arrived where Greg shou...