Warren Buffett 'going quiet,' converts $1.35B in Berkshire shares in farewell as CEO

Warren Buffett Steps Down as Berkshire CEO

Warren Buffett, the legendary investor and longtime leader of Berkshire Hathaway, has announced he will step down from his role as the company’s chief executive at the end of the year. This marks the end of an era for one of America’s most closely watched conglomerates.

Final Letter and Farewell

In a letter published Monday, Buffett, 95, said he will no longer write Berkshire’s annual report or speak at the company’s marathon annual meetings.

“As the British would say, I’m ‘going quiet,’” Buffett wrote, before adding, “Sort of.”

He confirmed that Greg Abel, currently vice chair overseeing Berkshire’s non-insurance businesses, will take over as CEO at the end of the year.

“A great manager, a tireless worker and an honest communicator,” Buffett described Abel, wishing him “an extended tenure.”

Share Conversion and Donations

Buffett’s announcement was accompanied by news that he had converted 1,800 Berkshire Hathaway A shares into 2.7 million B shares, which he donated to four family foundations, including the Susan Thompson Buffett Foundation and the Sherwood Foundation. Based on recent market prices, the value of these shares is estimated at around $1.35 billion.

Author’s Summary

Warren Buffett’s retirement signals a major shift for Berkshire Hathaway, with Greg Abel set to lead the company into a new chapter.

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InvestmentNews InvestmentNews — 2025-11-10

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