Who is Greg Abel, the executive chosen to be Warren Buffett’s successor?

Omaha, Neb. (AP) – When Warren Buffett Announced at his annual shareholder meeting on Saturday, who abandoned Berkshire Hathaway’s CEO by the end of the year, raised a 62 -year -old Canadian executive named Greg Abel, who has long been one of his main lieutenants.

For the past seven years, Abel has been overseening the Bnsf de Berkshire railway and its treatments manufacturers see sweets and queen dairy together with dozens of other manufacturing and retail companies that Buffett has acquired over the years.

He grew up in Canada as a hockey player and learned the value of hard work while redeeming discarded bottles and worked for a small company that filled the fire extinguishers. It is now at the top of the food chain of the world of investment.

Berkshire confirmed Abel as Buffett’s successor by 2021 after the previous Vice President Charlie Munger Let it slip at the annual meeting. Since then, Abel has largely been in the shadow of buffett, although shareholders have had the opportunity to get to know him a bit when he appeared next to buffett in the Annual meetings And inside interviews.

The Berkshire Council will now vote on whether ABEL will be approved formally as the new CEO to be in charge of at the end of 2025. At the annual meeting in Omaha, Buffett said he hopes for a unanimous vote.

Abel will advance to assume the responsibility of the entire eclectic assortment of Berkshire companies with their about 400,000 employees and the massive conglomerate bag portfolio. Buffett and the members of the Berkshire Council, who have spent much of their time for years to find Buffett’s successor praised Abel’s brightness and his understanding to understand all kinds of businesses.

Buffett said that Berkshire is “so damn” to have Abel ready to take over, but will have trouble approaching the remarkable buffett history of overcoming the market. While Buffett grew Berkshire During the decades, making well -timed offers and attractive prices investments, the massive size of Bershire has made it more difficult to find anything more difficult enough to change the bottom line of the conglomerate.

Abel has big shoes to fill, but no one hopes to coincide with the buffett accomplishments that made him a billionaire many times and one of the richest investors of the last century. Berkshire Council member Ron Olson said two days before the announcement he believed that Abel was ready to take over.

“Is it another Warren Buffett? No, there is no other Warren Buffett I know. But it has so many of the foundations of Warren,” said Olson. “It’s certain that he is a great integrity. He is a worker. He is a strategic thinker.”