From Yahoo Finance: 2025-05-03 16:05:00

Warren Buffett announced he is stepping down as CEO of Berkshire Hathaway, naming Canadian executive Greg Abel as his successor. Abel has been overseeing Berkshire’s businesses for years and is praised for his brilliance and understanding of various industries. Berkshire’s board will vote to approve Abel as CEO by the end of 2025.

Abel faces the challenge of filling Buffett’s shoes and maintaining Berkshire’s unique culture. While he may not match Buffett’s success, Abel is known for his integrity, hard work, and strategic thinking. Executives at Berkshire subsidiaries turn to Abel for advice, highlighting his business acumen and intuition.

Abel’s background in hard work and perseverance mirrors Buffett’s upbringing. He lives near Buffett’s hometown in Iowa and has led Berkshire Hathaway Energy since 2011. Abel’s dedication to his work and family, along with his business knowledge, make him a suitable successor to Buffett.



Read more at Yahoo Finance: Who is Greg Abel, the executive picked to be successor to Warren Buffett?