US EditionThe king Warren Buffett is retiring. Long live Greg Abel, his Canadian successor
- At age 94, Warren Buffett revealed on May 3 that he will retire from his role as the chief executive of Berkshire Hathaway by the close of 2025, appointing Greg Abel as his successor.
- Buffett has prepared for years to hand over leadership of the US$1.1 trillion conglomerate to Abel, his long-time designated heir apparent.
- Greg Abel, a 62-year-old Canadian and University of Alberta graduate, is praised for effective business management and led major acquisitions at Berkshire Hathaway Energy.
- Buffett called Abel a 'rare talent' with 'Berkshire blood' who will be 'more successful than I have been' and emphasized Abel controls the conglomerate’s US$348-billion cash pile.
- Abel’s succession signals continuity in Berkshire’s culture and strategy, positioning the company to deploy its cash for future acquisitions under his oversight.
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The era of the genius Warren Buffett is coming to an end. Who will replace him?
Warren Buffett has announced to shareholders and investors of the conglomerate Berkshire Hathaway that he will retire at the end of the year after six decades at the helm of the company.
·Bratislava, Slovakia
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Who is Greg Abel, the Canadian who will replace Warren Buffet as head of Berkshire Hathaway
The nearly 20,000 shareholders who attended the Berkshire Hathaway Shareholders’ Meeting in Omaha (Nebraska) this Saturday witnessed the end of an era live. At the age of 94, Warren Buffett, the world’s most famous investor, announced that he will retire at the end of the year to pass the witness to Greg Abel, a Canadian executive who is currently the vice president of the company in charge of all business, except insurance. Abel, 62, has the ta…
·Spain
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