Greg Abel Is Taking Over for Warren Buffett at Berkshire Hathaway. Here's What You Need to Know.

Warren Buffett first shared that Greg Abel would take over as CEO in 2021, but no one was quite prepared to hear him officially pass the baton last weekend at the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) annual meeting.It's hard to imagine the company without the investing legend at its helm, but at 94 years old, Buffett is ready to hand over the reins. The board has approved Abel to take over as CEO by the end of the year.Abel has been a part of Berkshire Hathaway since it bought about 80% of MidAmerican Energy, where he was president, in 1999. Buffett first mentioned him by name in the 2002 annual shareholders' letter, calling him a "dealmaker" and a "manager" and saying he was a "huge asset for Berkshire Hathaway."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool