Outlook Business Desk
Greg Abel has assumed charge as Berkshire Hathaway’s Chief Executive Officer (CEO) from January 1, 2026, following official announcement at the company’s annual general meeting held on May 5, 2025.
Warren Buffett stepped down as Chief Executive Officer at the end of December 2025 and continues as Chairman, with day-to-day leadership of the investment conglomerate now in the hands of Abel from 2026.
Greg Abel, born in Edmonton, Alberta, Canada, has been a longtime close aide to Warren Buffett and continues to play an active role in managing Berkshire Hathaway’s businesses while residing in Des Moines, Iowa.
After graduating from the University of Alberta, Greg Abel began his career at consulting firm PricewaterhouseCoopers (PWC) and energy company CalEnergy, before joining MidAmerican Energy in 1992, which was later acquired by Berkshire Hathaway.
Since 2018, Greg Abel has been managing major Berkshire Hathaway businesses, including BNSF Railway, Dairy Queen, See’s Candies, as well as multiple manufacturing and retail operations across the conglomerate.
Greg Abel had been the preferred successor of Warren Buffett and the late Charlie Munger for years, with Berkshire Hathaway’s board of directors formally approving his appointment in 2025.
Greg Abel has taken the helm of Berkshire Hathaway, overseeing a conglomerate with more than 400,000 employees. Investors are looking for stability, with analysts noting steady management may boost performance.