Warren Buffett to stay on as Berkshire chairman as Greg Abel prepares to become CEO in 2026

Warren Buffett will remain Berkshire Hathaway's chairman even after Greg Abel becomes CEO in 2026. The board's decision aims to reassure investors amidst economic uncertainties. Abel, 62, succeeds Buffett, who steps down by year-end. Despite this news, Berkshire Hathaway's shares dropped. Buffett transformed the company into a conglomerate with holdings like Dairy Queen and BNSF Railway.