Berkshire Hathaway Separates Chairman, CEO Roles Ahead of Succession

MorningStar
2025.10.03 15:45
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Berkshire Hathaway has amended its bylaws to separate the roles of chairman and CEO, allowing Greg Abel to succeed Warren Buffett as CEO effective January 1. This decision follows Buffett's announcement in May about his retirement as CEO while remaining chairman. The board's vote to formalize this separation was filed with the SEC, ensuring Buffett's continued leadership as chairman after Abel takes over.