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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...
- 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 said Monday that Greg Abel, the head of Berkshire Hathaway’s non-insurance business, will be his successor – although Buffett gave no indication that he will give up the...
6 days ago · Warren Buffett changed the succession plan by saying Greg Abel will run Berkshire’s investments, even though he’s never been a stock picker. BY Josh Funk and The Associated Press.
May 8, 2023 · Daniel Acker/Bloomberg via Getty Images. Many investors worry about the future of Berkshire Hathaway after its legendary CEO Warren Buffett is gone, but most of the conglomerate’s companies...
5 days ago · TRANSITION IN PROCESS. According to Berkshire’s succession plan, Abel will replace Buffett in making all major investment and capital allocation decisions.
3 May 2021. Getty Images. Warren Buffett is 90. Investor Warren Buffett has confirmed that Berkshire Hathaway's vice-chairman, Greg Abel, will succeed him as chief executive. Mr Buffett built...
