Greg Abel takes over as CEO of Berkshire Hathaway. What to know about Warren Buffett's successor.
CBS News••general
Key Points:
- Warren Buffett officially stepped down as CEO of Berkshire Hathaway, passing leadership to Greg Abel, his chosen successor, while remaining chairman and working closely with Abel.
- Greg Abel, 63, joined Berkshire in 2000 and previously transformed MidAmerican into Berkshire Hathaway Energy, the largest wind energy producer in the U.S.; he oversaw non-insurance businesses and served as vice chairman before becoming CEO.
- Buffett has expressed strong confidence in Abel’s capabilities, describing him as a highly effective decision-maker and endorsing his leadership in shareholder communications and interviews.
- Abel is expected to maintain Berkshire’s decentralized management style but may adopt a more traditional leadership approach suitable for managing the company’s vast and diverse operations.
- Initial changes under Abel include
