Who is Greg Abel? Meet Warren Buffett's planned successor at Berkshire Hathaway
Warren Buffett's succession plan names vice chairman Greg Abel to succeed the Oracle of Omaha.
Abel, who is the chair of Berkshire Hathaway Energy, has overseen the non-insurance operations of Berkshire Hathaway since 2018, including things like utilities and BNSF Railroad.
He also serves as director and vice chair for Associated Electric & Gas Insurance Services Limited, a mutual insurance company.
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Abel also serves on a number of boards, including the board of directors for the Kraft Heinz company, the Mid-Iowa Council Boy Scouts of America executive board and the Drake University board of trustees.
In his annual letter to shareholders in 2024, Buffett said that Abel is "in all respects" ready to be CEO of Berkshire as soon as "tomorrow."
In 2023, Buffett said Berkshire is “so damn lucky” to have Abel ready to take over as CEO.
“I don’t have a second choice. I mean, it is that tough to find. But I have also seen Greg in action, and I feel 100% comfortable,” Buffett said at 2023's annual meeting. “Greg is inheriting a good business, and I think he’ll make it better.”