Abel has been Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses.
OMAHA, Neb. — When Warren Buffett announced at his annual shareholder meeting Saturday that he is stepping down as CEO of Berkshire Hathaway at the end of the year, he elevated a low-key 62-year-old Canadian executive named Greg Abel who has long been one of his top lieutenants.
For the past seven years, Abel has been overseeing Berkshire’s BNSF railroad and its treat makers See’s Candies and Dairy Queen along with dozens of other manufacturing and retail businesses that Buffett acquired over the years.
He grew up in
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