Hello followers! Today we’re diving into some exciting changes at Berkshire Hathaway. Legendary investor Warren Buffett has revealed he’s gearing up for a big change in his role.

Warren Buffett, 94 years old, announced he’s asking the company’s board to appoint Greg Abel as the new CEO at the end of 2025. Buffett expressed confidence that it’s time for Greg to take the helm, stating, “I think the time has arrived where Greg should become the chief executive officer of the company at year end.” Despite stepping down, Buffett plans to stay involved in some capacity, hinting he’ll remain part of the team in a lesser role.

Buffett has previously identified Abel, Berkshire Hathaway’s vice chairman for non-insurance operations, as his successor, but he hadn’t set a specific timeline for the transition. Both Buffett and Abel shared that they would discuss Buffett’s future role at the upcoming board meeting.

Technological investments remain a key focus for Berkshire Hathaway. Although Buffett sold half of its Apple stock last year, the company still holds over 20% of its portfolio in tech stocks. Buffett’s confidence in the sector is evident, and the company’s strategic bets continue to influence the industry.

In other news, upcoming events include a major investment conference in London on May 13, 2025, featuring top leaders from Monzo, Accel, and more. It’s a fantastic opportunity for networking and learning from Europe’s prime investment minds.

If you love tech news and exciting changes in the investment world, stay tuned! Buffett’s transition is just the beginning of a new era for Berkshire Hathaway.