> Warren Buffett Blog: Greg Abel could be next CEO of Berkshire Hathaway

Monday, July 27, 2015

Greg Abel could be next CEO of Berkshire Hathaway

Warren Buffett is likely to appoint Greg Abel to be the chief executive of his multinational conglomerate holding company Berkshire Hathaway according to Barrons Magazine.

Abel, the 53-year-old head of Berkshire Hathaway Energy, has a greater chance than 64-year-old Ajit Jain who runs Berkshire's reinsurance business, with his age and experience.

Abel has been the CEO of the group of electric utilities and two natural gas pipelines since Buffett bought it in 2000. Both Abel and Jain were singled out in the annual letter by Berkshire vice chairman Charlie Munger.
Barron's also reported Buffett will appoint his son Howard to be Berkshire's non-executive chairman.