Abel will take the reins from Buffett, 94, on Jan. 1, 2026. Based in Des Moines, Iowa, Abel is currently vice-chair of non-insurance operations at the US$1.16-trillion conglomerate. He will be the firm’s first new CEO in 60 years. (Financial Post)
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Abel will take the reins from Buffett, 94, on Jan. 1, 2026. Based in Des Moines, Iowa, Abel is currently vice-chair of non-insurance operations at the US$1.16-trillion conglomerate. He will be the firm’s first new CEO in 60 years. (Financial Post)
Talking point: An accountant by trade, Abel entered the Berkshire Hathaway universe in 2000, when Buffett bought a majority stake in MidAmerican Energy Holdings—which later became Berkshire Hathaway Energy in 2014—where Abel served as president and then CEO. He’s currently the chair and chief executive of the energy division. Buffett, the company’s largest shareholder with a US$160-billion stake, will continue to chair the board after the transition. The so-called Oracle of Omaha said he won’t sell any Berkshire stock, signalling a vote of confidence in his successor. “The decision to keep every share is an economic decision because I think the prospects of Berkshire will be better under Greg’s management than mine,” Buffett said at the company’s annual meeting on Saturday.
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