Nigeria, May 4 -- In a move that marks the end of one of the most iconic leadership eras in corporate America, Warren Buffett has officially announced his intention to step down as CEO of Berkshire Hathaway by the end of 2025.

The announcement came unexpectedly during the company's annual shareholders' meeting in Omaha, Nebraska - a gathering that draws thousands of investors from around the world each year.

Buffett, who took over a struggling textile firm in the 1960s and transformed it into a $1.2 trillion conglomerate spanning insurance, utilities, railroads, and consumer goods, has long been revered not just for his investing brilliance but for his down-to-earth demeanor and unwavering principles. Often called the "Oracle of Omaha,"...