Warren E. Buffett, at 94, surprised investors with his announcement to retire as CEO of Berkshire Hathaway, appointing Gregory E. Abel, 62, as his successor. Abel has been vice chairman since 2018, overseeing numerous businesses, including the BNSF railroad and Berkshire Hathaway Energy. His ascent within the company began in 2000 when he joined after Buffett's investment in MidAmerican Energy. Abel is recognized not only for his professional achievements but also for his commitment to hockey, coaching his sonâs team in Des Moines, Iowa.
In an unexpected announcement, Buffett confirmed he would step down as chief executive of Berkshire Hathaway, naming Gregory E. Abel as his successor after nearly six decades.
Mr. Abel has served as vice chairman since 2018, overseeing Berkshire's vast non-insurance businesses, affirming his status as Buffett's long-anticipated heir apparent.
Collection
[
|
...
]