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Berkshire Hathaway's Stock Drops 6% as Buffett Prepares to Step Aside as CEO

Dow Jones05-05

Berkshire Hathaway CEO Warren Buffett will remain chairman of the company when his successor, Berkshire executive Greg Abel, becomes president and CEO on Jan. 1, 2026, the company said in a press release Monday morning.

Berkshire Hathaway stock is down 6% in Monday trading as investors react to the news that Buffett will step down as CEO.

Buffett said Saturday in a surprise announcement at the end of the Berkshire annual meeting in Omaha that he would be stepping down as CEO at year-end 2025 and that Abel would take over, pending board approval. The directors met Sunday and unanimously approved Abel's selection as CEO starting in 2026. Abel is a Berkshire executive, vice chairman, and a director who heads the company's non-insurance operations. He has had that role since 2018.

It had been unclear after Buffett's announcement whether he would remain chairman. Buffett, 94, has led Berkshire since 1965. Buffett said at the meeting that he envisioned having an informal role at Berkshire starting in 2026 as an advisor when needed to Abel.

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Buffett said at the meeting that he envisioned having an informal role at Berkshire starting in 2026 as an advisor when needed to Abel.</p><p></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway's Stock Drops 6% as Buffett Prepares to Step Aside as CEO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway's Stock Drops 6% as Buffett Prepares to Step Aside as CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-05 21:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway CEO Warren Buffett will remain chairman of the company when his successor, Berkshire executive Greg Abel, becomes president and CEO on Jan. 1, 2026, the company said in a press release Monday morning.</p><p> <a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a>  stock is down 6% in Monday trading as investors react to the news that Buffett will step down as CEO.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f51e4821f2b3d71881ed381c7f4b0d7e\" tg-width=\"410\" tg-height=\"394\"/></p><p>Buffett said Saturday in a surprise announcement at the end of the Berkshire annual meeting in Omaha that he would be stepping down as CEO at year-end 2025 and that Abel would take over, pending board approval. 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Buffett said at the meeting that he envisioned having an informal role at Berkshire starting in 2026 as an advisor when needed to Abel.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BJLML261.HKD","symbol_name":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533862415","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533862415","pubTimestamp":1746452424,"columns":[{"name":"Executive Changes","id":29,"label_key":"executive"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Berkshire Hathaway CEO Warren Buffett will remain chairman of the company when his successor, Berkshire executive Greg Abel, becomes president and CEO on Jan. 1, 2026, the company said in a press release Monday morning.Buffett said Saturday in a surprise announcement at the end of the Berkshire annual meeting in Omaha that he would be stepping down as CEO at year-end 2025 and that Abel would take over, pending board approval. 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