Warren Buffett to retire as Berkshire Hathaway CEO at end of 2025 | Business and Economy News

‘Oracle of Omaha’ stuns shareholders, but pledges to maintain investments in group and says he will still be ‘hanging around’.

Billionaire investor Warren Buffett has announced that he will retire from leading his Berkshire Hathaway business group at the end of the year.

Buffet told the group’s annual shareholder meeting on Saturday that he would step down as chief executive at the close of 2025, handing over the reins to vice chairman Greg Abel, already known to be his anointed…