Warren Buffett praises Greg Abel's skills, Abel set to lead Berkshire Hathaway, slight dip in shares.

From Yahoo Finance: 2025-05-14 21:50:00

Warren Buffett believes Greg Abel is ready to lead Berkshire Hathaway after him. Buffett praised Abel’s skills and noted his success in overseeing noninsurance subsidiaries. Abel is set to take over as CEO at year-end, with Buffett remaining as chair of the board. Berkshire’s shares have seen a slight dip post-announcement but have still outperformed the market. Analysts expect little change under Abel’s leadership, who aims to maintain the company’s investment philosophy and values.

Read more: Buffett Tells WSJ ‘Great Talent Is Rare,’ as Berkshire CEO Talks Up Successor Abel’s Skills