Who is Berkshire Hathaway's new CEO and can he live up to Warren Buffett's legacy?

Business Insider

Greg Abel is set to take over as CEO at Berkshire Hathaway. Warren Buffett stunned shareholders on Saturday with the announcement that, after 55 years, he would step down.

Transcript

00:00Meet Greg Abel, the new CEO of Berkshire Hathaway, starting January 1st, 2026.

00:07Warren Buffett announced this stunning news over the weekend telling his shareholders

00:12that he is stepping down after 55 years.

00:15Now, here's what we know about the new guy.

00:17Abel's been Buffett's right-hand man for years.

00:21He's the vice president of the company's non-insurance operations and also chair of Berkshire Hathaway

00:27Energy, one of the pillars of the business.

00:30Abel's a Canadian.

00:32He got a commerce degree and worked his way up from BWC to a small energy firm

00:37that Berkshire Hathaway eventually acquired.

00:40Experts say that Abel's got a hands-on approach and investors trust him to protect Berkshire's legacy

00:46and, more importantly, its fortress balance sheet.

00:50Forbes estimated Abel's net worth being around $484 million in 2021.

00:57Despite that, he keeps a low profile in Des Moines, where locals see him at the hockey

01:01ring like any regular dad.

01:04Kind of the same as Buffett, who also has a folksy reputation.

01:07While the board elected Abel, he's got Buffett's blessing too.

01:11The investing legend says he's not just handing over a title, he's passing down a philosophy.

01:21All right.

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