Warren Buffett is stepping down as CEO of Berkshire Hathaway after six decades, passing the leadership to Greg Abel. Buffett, renowned as the 'Oracle of Omaha,' transformed Berkshire from a struggling textile firm into a trillion-dollar investment giant, consistently outperforming the S&P 500. Abel, who has been with Berkshire since 2000 and led its non-insurance operations since 2018, is expected to uphold the company's legacy and autonomous business culture. Buffett will remain as Chairman.