3 Facts Investors Should Know About Warren Buffett's Successor, Greg Abel
It's perhaps one of the greatest examples of "big shoes to fill" in the history of American business. Current Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) Vice Chairman Greg Abel was officially announced as Warren Buffett's replacement as CEO of the company. This monumental change at the top of the investment management powerhouse will take effect on Jan.1, 2026. While Abel has been a known figure for a clutch of Berkshire watchers, it's safe to say the majority of the public isn't familiar with him. Bearing that in mind, here are three important things to know about Berkshire's incoming leader.Unlike other major companies that source their new leaders from professional executive search firms ("headhunters," in common parlance), Berkshire is hiring from deep within.Continue reading
It's perhaps one of the greatest examples of "big shoes to fill" in the history of American business. Current Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) Vice Chairman Greg Abel was officially announced as Warren Buffett's replacement as CEO of the company.
This monumental change at the top of the investment management powerhouse will take effect on Jan.1, 2026. While Abel has been a known figure for a clutch of Berkshire watchers, it's safe to say the majority of the public isn't familiar with him. Bearing that in mind, here are three important things to know about Berkshire's incoming leader.
Unlike other major companies that source their new leaders from professional executive search firms ("headhunters," in common parlance), Berkshire is hiring from deep within.
