May 4, 2025 - 08:33
Greg Abel, 62, has been named the successor to Warren Buffett as the next CEO of Berkshire Hathaway. Buffett, the legendary investor and current CEO, announced that he plans to step down at the end of the year, paving the way for Abel to take the helm of one of the world's largest conglomerates.
Abel, who has been with Berkshire Hathaway for over two decades, currently serves as the Vice Chairman of Non-Insurance Operations. His extensive experience in managing the company's diverse portfolio of businesses has positioned him as a strong leader capable of navigating the challenges ahead.
Buffett has expressed confidence in Abel's abilities, highlighting his strategic vision and commitment to the company's core values. As the company prepares for this significant transition, investors and analysts alike are keenly observing how Abel will steer Berkshire Hathaway into its next chapter, maintaining the legacy of one of the most successful investment firms in history.
