Berkshire Hathaway votes to separate chairman and CEO roles, paving way for Abel to succeed Buffett at year-end

Berkshire Hathaway He officially separated the roles of the Chairman and the Chairman of the Executive Officer, which has been expected to achieve Warren Buffett as CEO at the beginning of 2026.

In a new regulatory file, the Omaha -based Konglomera said that the board of directors has voted to change its charter to distinguish the highest level role on September 30th. Buffett, who has been running Berkshire since 1965, remained as the Chairman of the Board of Directors, while currently Vice President of non -insured operations Abel will take over as CEO on January 1, 2026.

The movement was first announced by Berkshire’s 95 -year -old Buffett at the end of the annual shareholder meeting in May, which surprised many of them. Shortly after the first announcement, Berkshire’s board unanimously approved Abel’s appointment.

Buffett, even in his old age, was probably active in the holding. At the beginning of this week, Berkshire announced that he had bought Occidental Oil’s chemical arm Oxychem with a entire cash transaction of about $ 9.7 billion. It points to Berkshire’s biggest agreement in three years.

63 -year -old Abel was seen as the heir of Buffett for defining Berkshire’s late vice president Charlie Munger as the successor elected in 2021. Berkshire joined the Berkshire orbit when a control of Midameric Energy was interested in 1999 and later became the CEO of the energy company.

Since 2018, Abel has served as Berkshire’s Vice President for non -insured operations and supervised the railway, public services, energy, production and retail businesses.