Greg Abel is a Canadian businessman who has been named the successor to Warren Buffett as CEO of Berkshire Hathaway, one of the largest conglomerates in the world. Born on June 1, 1962, in Edmonton, Alberta, Abel earned a bachelor's degree in accounting from the University of Alberta in 1984 and is a certified public accountant
. Abel joined the Berkshire Hathaway family through its acquisition of MidAmerican Energy (later renamed Berkshire Hathaway Energy), where he served as CEO from 2008 to 2018 and currently serves as chairman and CEO of Berkshire Hathaway Energy. He has been vice chairman of Berkshire Hathaway's non- insurance operations since 2018 and joined the company's board of directors the same year
. He is credited with transforming Berkshire Hathaway Energy into a leading power producer, especially in renewable energy, and has overseen a diverse portfolio of 189 operating businesses including utilities, railroads, retail chains like Dairy Queen, and other subsidiaries
. Warren Buffett has praised Abel's operational expertise, business acumen, and alignment with Berkshire's decentralized culture, describing him as a capable, hands-on manager who understands capital allocation as well as Buffett himself
. Abel is known for maintaining a modest lifestyle in Des Moines, Iowa, where he coaches his son's hockey and baseball teams
. In May 2025, Buffett announced his intention to step down as CEO by the end of the year and confirmed that Greg Abel would succeed him, marking a significant leadership transition for Berkshire Hathaway
