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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.
Nov 29, 2023 · Warren Buffett named Greg Abel, 61, as his successor at Berkshire Hathaway back in 2021. Abel started out as an accountant, before taking the reins as CEO of Berkshire Hathaway Energy.
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- Kwan Wei Kevin Tan
Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers a shareholder question about who...
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- CNBC Television
May 4, 2024 · Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers an audience about how operations have changed under new Berkshire...
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- CNBC Television
- Background and Résumé
- The Succession of The Oracle of Omaha
- Thoughts from The Street
Abel began his career working for PricewaterhouseCoopers before joining CalEnergy, a geothermal-electricity producer, in 1992. In 1999, CalEnergy acquired MidAmerican Energy and adopted its name before Berkshire Hathaway picked up a controlling interest in the firm later that year. In 2008, Abel became the CEO of MidAmerican, which was renamed Berk...
Abel has for years been known on Wall Street as the likely successor to Buffett. In 2017, Sarah DeWitt, an analyst with JPMorgan, initiated coverage of Berkshire and said the energy executive was the "most likely" candidate to replace Buffett. The conglomerate, however, didn't confirm the suspicion — until Saturday. At Berkshire's annual meeting, A...
Analysts, market commentators, and professors were mostly positive about Abel's prospects as the leader of Berkshire Hathaway. Here are four reactions to the news of his selection: 1. "Abel, of course, does not have the charisma, personality, and reputation that Buffett built over decades, so he's not going to have that magnetism that Buffett has, ...
- Will Daniel
- Thomas Greaney And Finanzen.Net
May 4, 2024 · Abel, 61, became known as Buffett’s heir apparent in 2021 after Charlie Munger inadvertently made the revelation at the shareholder meeting. Abel has been overseeing a major portion of...
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May 5, 2024 · Warren Buffett changed the succession plan by saying Greg Abel will run Berkshire’s investments, even though he’s never been a stock picker