Why did Warren Buffett pick Greg Abel as his successor?

Why did Warren Buffett pick Greg Abel as his successor?

Warren Buffett will step down as CEO of Berkshire Hathaway by the end of 2025, naming Greg Abel as his long-prepared successor. With nearly $348 billion in cash and a sprawling corporate empire to manage, Abel faces some intense challenges and scrutiny. Can the quiet Canadian executive uphold Buffett’s principles while steering Berkshire through a new era of business?

Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc annual shareholders’ meeting, in Omaha, Nebraska, US, May 2, 2025. File Image/Reuters