Warren Buffett stays chairman as Greg Abel takes CEO role in 2026 [Video]

Billionaire Warren Buffett will remain chairman of Berkshire Hathaway when vice chairman Greg Abel takes over as CEO to begin 2026.The board of directors at the cash-rich conglomerate voted Sunday to keep the legendary 94-year-old investor as head of the board, a decision likely to relieve investors worried about Berkshire’s remarkable winning streak amid tariff shocks, financial turmoil and a possible recession.The board in the same meeting also approved Buffett’s chosen successor as CEO, veteran Berkshire executive Greg Abel, 62. In a surprise announcement Saturday, Buffett said he would step down from that top spot by the end of the year.In six decades at the helm, Buffett turned a Massachusetts textile company into a sprawling, but nimble conglomerate that owns everything from Dairy Queen and See’s Candies to BNSF Railway and giant insurers. As the company grew, its stock often rose past indexes by wide margins — returning an average …