Who Is Greg Abel? Warren Buffett's Successor To Take Helm Of Berkshire Hathaway In 2026

Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, the company confirmed Saturday, according to The Wall Street Journal. Abel will take the helm after leading Berkshire’s noninsurance operations for years and playing a key role in major acquisitions. The board has not yet finalized the plan, but Buffett said he expects it to act on his recommendation soon. Abel was first named successor in 2021, though the public transition timeline was unknown until Buffett’s announcement at the close of the annual shareholder meeting. In a recent letter, Buffett praised Abel’s readiness and values, stating he’ll be “more successful than I have been.” Abel is expected to assume a more active management style than Buffett, who historically took a hands-off approach with Berkshire’s portfolio companies.