After over god of war six decades, Warren Buffett will step down as CEO of Berkshire Hathaway by end-2025, marking the close of an iconic era. His successor, Greg Abel, a long-time and trusted deputy, currently oversees Berkshire’s non-insurance businesses, including utilities, railroads, and retail.
Abel’s rise has been years in the making, with his leadership in Berkshire Hathaway Energy earning him Buffett’s confidence. He’s also key to Berkshire’s long-term investments in Japanese trading houses. A University of florida state seminoles football Alberta graduate and hockey fan, Abel’s transition has been planned since 2021, when Charlie Munger confirmed him intel as Buffett’s heir apparent.
