Warren Buffett, 95, has stepped down as CEO of Berkshire Hathaway, with Vice Chairman Greg Abel succeeding him in 2025. Buffett transformed the company from a textile enterprise into a trillion-dollar conglomerate, known for his investment acumen. Abel, born in Canada, joined Berkshire Hathaway after working in consulting and energy firms. He previously chaired Berkshire Hathaway Energy and oversaw various operations, now poised to lead the company into its next phase.