Greg Abel Takes the Helm at Berkshire Hathaway
- Greg Abel became CEO of Berkshire Hathaway on January 1, 2026, succeeding Warren Buffett.
- Abel’s first shareholder letter included a $4.5 billion write-down on Kraft Heinz and Occidental Petroleum stakes.
- Warren Buffett remains as chairman while Abel, aged 63, assumes day-to-day leadership.
- Abel’s early business experience involved collecting and redeeming empty soda bottles in Edmonton for five cents each.
Greg Abel has officially taken over as CEO of Berkshire Hathaway, marking a significant leadership transition from Warren Buffett to his successor. In his initial actions as CEO, Abel announced a notable $4.5 billion write-down, signaling a pragmatic approach to financial management under his tenure.
