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2000
- Abel became part of Berkshire Hathaway when the conglomerate bought MidAmerican in 2000. The firm eventually was re-dubbed Berkshire Hathaway Energy (BHE).
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May 3, 2021 · Warren Buffett confirmed that Gregory Abel, a 59-year-old Berkshire Hathaway Vice Chairman, is set to be his successor once the investing icon is ready to retire as Berkshire's CEO and chairman.
- Early Life and Education
- Notable Accomplishments
- The Bottom Line
Born June 1, 1962, and raised in Edmonton, Canada, Gregory Abel graduated from the University of Alberta in 1984 with a commerce degree. He became an accountant and, after a stint with Big Four accounting firm PwC (PricewaterhouseCoopers), joined a small electricity company, CalEnergy, in 1992. He rose to become president of the business in 1998, w...
That ability continued at Berkshire. BHE has accounted for/been involved in some of Berkshire's largest acquisitions, including PacifiCorp in 2005, Nevada utility NV Energy in 2013, and Dominion Energy’s pipeline business in 2020. Abel also nurtured Home Services, a small real estate brokerage that came with the purchase of another company; it's no...
Greg Abel will face challenges when he steps into the big role. An increasingly activist group of Berkshire shareholders is agitating for the company to spend more of its considerable cash reserves, to reduce its carbon footprint, and to promote diversity. All this, along with the fact that he's not Warren Buffett. But then, he won't be inheriting ...
- Troy Segal
Gregory Edward Abel (born June 1, 1962) is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018. His siblings include Robert (Bob) J Abel & John P Abel also residing in Edmonton Alberta, Canada.
May 6, 2024 · He joined Berkshire Hathaway Energy, then known as MidAmerican Energy, in 1992, which Berkshire took over in 1999 and became MidAmerican's chief in 2008.
May 3, 2021 · Updated May 03, 2021. Greg Abel is the heir apparent to Warren Buffett at Berkshire Hathaway. Abel, 58, is vice chairman of Non-Insurance Business Operations. Ajit Jain, 69, vice chairman...
- Mark Kolakowski
May 4, 2024 · Abel, who joined Berkshire in 2000 and whose status as CEO-in-waiting was revealed by Charlie Munger, Buffett’s late business partner, at the 2021 shareholder meeting, will be tested on...
Oct 3, 2022 · Abel joined Berkshire Hathaway Energy, then known as MidAmerican Energy, in 1992, eight years before Berkshire took it over. He became MidAmerican's chief in 2008, and Berkshire's vice...