From Yahoo Finance: 2025-05-03 17:53:00

Greg Abel is set to succeed Warren Buffett as CEO of Berkshire Hathaway at the end of the year, expected to maintain the company’s long-term investment strategy and culture. Buffett praised Abel’s work ethic and management style, signaling a smooth transition for the $1.18 trillion conglomerate.

Abel, born in Edmonton, Alberta, worked odd jobs before joining Berkshire Hathaway Energy in 1992. He now oversees non-insurance operations and has taken on capital allocation responsibilities previously handled by Buffett. Known for his detailed approach, Abel is praised for his insightful questions and financial acumen.

Read more: Warren Buffett’s successor Greg Abel seen preserving Berkshire’s culture