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BHE
- Abel became part of Berkshire Hathaway when the conglomerate bought MidAmerican in 2000. The firm eventually was re-dubbed Berkshire Hathaway Energy (BHE).
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...
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- Kwan Wei Kevin Tan
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In 1999, CalEnergy acquired MidAmerican Energy, adopting its name, and Berkshire Hathaway acquired a controlling interest later that year. Abel became CEO of MidAmerican in 2008, [6] and the company was renamed Berkshire Hathaway Energy in 2014. [2]
- 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 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...
May 8, 2023 · Plus, Abel did help oversee a number of large acquisitions at Berkshire’s utility unit that he led from 2008 until 2018, including the purchases of NV Energy in Nevada for $5.6 billion and ...
May 3, 2021 · In 1999, CalEnergy acquired MidAmerican Energy and adopted its name before Berkshire Hathaway picked up a controlling interest in the firm later that year.
Apr 24, 2022 · Abel's friends say the Canadian, who came to Berkshire Hathaway when it acquired Des Moines-based MidAmerican Energy Holdings in 2000, is hardworking, low key and whip smart, a voracious reader...
