Warren Buffett steps down as CEO of Berkshire Hathaway:
Legendary investor Warren Buffett known worldwide as the Oracle of Omaha has stepped down as Chief Executive Officer of Berkshire Hathaway after nearly six decades. His exit as CEO marks the end of one of the longest and most influential leadership tenures in corporate history, reshaping modern investment philosophy.Warren Buffett has relinquished his role as CEO of Berkshire Hathaway after leading the company since 1965. At the age of 95, he hands over executive control to Greg Abel, while continuing as chairman, ensuring continuity in leadership and investment philosophy.Berkshire Hathaway was originally a struggling textile manufacturer based in New England.Warren Buffett took control of the company in 1965, initially aiming to revive the textile business.Over time he redirected capital into insurance and investments, laying the foundation for a diversified business empire.
