As Warren Buffett prepares to step away from the helm of Berkshire Hathaway, one man stands ready to carry the torch—Greg Abel. Though not a household name like Buffett, Abel’s journey from modest beginnings in Canada to one of the most powerful roles in global finance is a masterclass in leadership grounded in quiet excellence.
From Alberta to the Apex of Business
Greg Abel was born in Edmonton, Alberta, in 1962. After earning a degree in commerce from the University of Alberta, he began his career as an accountant. However, it was his entry into the energy industry in the early 1990s that shaped his future trajectory. Abel joined a small energy firm that would evolve into what we now know as Berkshire Hathaway Energy.
Over time, Abel rose through the ranks with a reputation for building value, managing complex operations, and driving long-term growth. His steady hand eventually led to his appointment as the Vice Chairman of Berkshire Hathaway’s non-insurance businesses in 2018.
Buffett’s Chosen Successor
Warren Buffett, known for his exceptional judgement, has long emphasised the importance of integrity and competence in leadership. His trust in Abel was made public when he confirmed Abel as the future CEO of Berkshire Hathaway. According to Buffett, Abel understands the company’s principles and practices better than anyone and has been deeply involved in key decisions for years.
Buffett even remarked that if something happened to him, “Greg will take over tomorrow.”
Managing a Vast Empire
Abel currently oversees an array of Berkshire Hathaway’s largest businesses, including its railroad (BNSF), utility companies, and a diverse collection of manufacturing, retail, and service firms. His responsibilities stretch across a massive portfolio, making him a central figure in maintaining the company’s decentralised structure—one of Berkshire’s most defining features.
Abel’s approach has been consistent: empower strong managers, focus on fundamentals, and avoid short-term distractions. His style may be understated, but his impact is undeniable.
The Road Ahead
As the day approaches when Abel officially steps into Buffett’s role, expectations are both high and measured. He is not expected to replicate Buffett’s legendary investment prowess but rather to sustain the company’s culture of discipline, independence, and integrity.
One of Abel’s challenges will be capital allocation—knowing when to deploy Berkshire’s massive cash reserves and where. While he may not be an investor in the Buffett mould, his operational expertise is seen as critical in an era where Berkshire’s portfolio of wholly owned businesses continues to expand.
Carrying the Berkshire Legacy Forward
Greg Abel is widely seen as the right person to lead the next era of Berkshire Hathaway—not because he’s a clone of Warren Buffett, but because he brings his own brand of clear thinking, operational skill, and loyalty to the firm’s mission.
His journey reflects the very ethos Berkshire values: humility, long-term thinking, and strong ethical grounding. With Abel at the helm, shareholders and employees alike are hopeful that the company will maintain its iconic status—steered by a man who has earned his place not with fanfare, but with focus.
Leave a Reply Cancel reply