News of October 4th (Editor ÕÔê»)Berkshire Hathaway, the investment institution headed by well-known American investor Warren Buffett, has officially separated the roles of chairman and CEO, paving the way for Abel to take over as the "god of stocks" early next year.

On Friday, October 3, local time, Berkshire announced in an 8-K document submitted to the U.S. Securities and Exchange Commission (SEC) that the company¡¯s board of directors had voted on September 30 to pass the amendment to the company¡¯s charter, which came into force immediately to distinguish the two positions.

In 1965, Buffett acquired Berkshire Hathaway Company. Since then, he has held two key positions as Chairman and CEO. Under his leadership, Berkshire has transformed from a textile factory to a diversified investment holding company.

In May, Buffett, 95, (at the time 94) announced at the Berkshire Annual Shareholders¡¯ Meeting that he would resign as CEO at the end of this year and recommend the company¡¯s non-insurance vice president, Greg Abel, to the board of directors.

After Buffett announced his retirement declaration, Abel rose and applauded Buffett

Many observers have previously thought that Buffett may have been in charge of Berkshire until his last day of life, saying at the shareholders¡¯ assembly that he never thought he would be Berkshire¡¯s ¡°living CEO.¡±

After Buffett's announcement, the Board of Directors of Berkshire soon held a vote and unanimously passed the decision to appoint Abel as CEO of the company, which will take effect from January 1, 2026.

Analysts believe that even if Buffett is old, he will still be active in group affairs. Buffett has also said that after leaving his CEO position, he plans to continue to come to the company's Omaha office every day instead of sitting at home watching soap operas.

Earlier this week, Berkshire announced that it would acquire OxyChem, Occidental Petroleum's chemical subsidiary, for approximately $9.7 billion in all-cash, making Berkshire's largest deal in nearly three years.