Warren Buffett Retires as CEO of Berkshire Hathaway
Warren Buffett has officially retired from his role as CEO of Berkshire Hathaway as of January 1, 2026. Greg Abel has taken over CEO duties, focusing on the company’s diverse operating businesses. Buffett’s retirement follows the unexpected departure of Todd Combs, leading to Ted Wechsler likely managing Berkshire’s $300 billion equity portfolio and $377.4 billion in cash reserves.
Todd Combs has transitioned to lead the new Strategic Investment Group at JPMorgan Chase, overseeing critical equity investments in sectors like defense and healthcare. With Combs’ departure, Wechsler is expected to take full responsibility for Berkshire’s public market investments, maintaining the company’s value-investing philosophy. Despite a considerable cash position, Berkshire’s recent sell-offs, particularly its 74% reduction in its Apple stake, leave room for strategic investments in potential market downturns.
