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Vice chairman
- Abel, 61, has since 2018 been a vice chairman overseeing Berkshire's non-insurance businesses including the BNSF railroad and Berkshire Hathaway Energy, his former home.
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May 3, 2021 · Today, Abel serves as BHE’s CEO and chairman, overseeing Berkshire’s various energy holdings, which include subsidiaries focused on coal, natural gas, hydroelectric, wind, solar,...
- 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
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. He now oversees Berkshire's...
In a May 2021 interview, Warren Buffett confirmed Abel as his future successor as CEO of Berkshire Hathaway. Abel's handling of CalEnergy’s take-over of a British utility in the 1990s is credited to mark the start of this transition. Net worth. In June 2022, he sold his 1% stake in Berkshire Hathaway Energy for $870 million.
- Andrea Abel
May 5, 2024 · Abel has played a large role in Berkshire’s acquisitions, including its takeovers of PacifiCorp in 2006, and Dominion Energy’s pipeline business in 2020. Buffett disclosed during the annual...
Nov 29, 2023 · The Canadian businessman is currently chair of Berkshire Hathaway Energy and vice chair for non-insurance operations at Berkshire Hathaway. In 2021, Buffett told CNBC that Abel was...
- 5 min
- Kwan Wei Kevin Tan
May 6, 2024 · TRANSITION IN PROCESS. According to Berkshire’s succession plan, Abel will replace Buffett in making all major investment and capital allocation decisions. Vice Chairman Ajit Jain, who...
