Who is Greg Abel? Berkshire Hathaway's new CEO to succeed Warren Buffett — What you should know

Key Highlights

• “I think the time has arrived where Greg should become the Chief Executive Officer of the company at year end,” Buffett told shareholders and investors in the May meeting.
• Greg Abel, who was born in Edmonton, Alberta, Canada, has been a close aide to billionaire Warren Buffett, working with an active role managing the companies within the conglomerate.
• After succeeding Warren Buffett is still expected to live in Des Moines, Iowa, two hours away from the value investor.
• Greg Abel has been heading the BNSF, Berkshire's railroad company, food brands Dairy Queen and See's Candies, and other manufacturing and retail businesses, since 2018.
• Over the years, Abel, even though out of the spotlight, has been interacting with the media during appearances at Berkshire Hathaway's annual meetings and interviews alongside Warren Buffett.