Buffett Says Greg Abel Is Expected to Become Berkshire CEO at Year-End
Greg Abel, who joined CalEnergy’s accounting operations, later led MidAmerican after Berkshire acquired a majority stake in 1999 and named him CEO in 2008. Buffett promoted Abel to vice chair in 2018. Berkshire proxy filings show about $20 million compensation in 2024, and Abel is expected to take a more active oversight role across subsidiaries while Buffett’s managers retain investment decisions.