Archive · 1 Jan 2026
Greg Abel to Lead Berkshire Hathaway
Greg Abel, who has been working closely with Warren Buffett, will become the new CEO of Berkshire Hathaway on 1 January 2026.
Warren Buffett, known as the 'Oracle of Omaha,' will step down as CEO but will remain as Chairman.
Greg Abel has been managing several important companies within Berkshire Hathaway, such as BNSF, Dairy Queen, and See's Candies.
He has been chosen by Buffett and the late Charlie Munger to take over the leadership.
Ted Weschler, another key figure, is set to become the top stock picker.
Weschler has had considerable success as an investor, turning a small IRA account into millions.
As the new CEO, Abel will oversee a conglomerate with over 400,000 employees and multiple businesses.
Investors are watching to see how Abel and Weschler will lead the company forward.
Warren Buffett's investment philosophy includes key lessons like focusing on long-term value, avoiding unnecessary risks, and being patient in the stock market.
His strategies have helped Berkshire Hathaway grow into a diversified global powerhouse valued at over $1 trillion.
Greg Abel will succeed Warren Buffett as CEO of Berkshire Hathaway effective 1 January 2026.
Warren Buffett will step down as CEO but will remain as Chairman.
Greg Abel has been managing key companies within Berkshire Hathaway, including BNSF, Dairy Queen, and See's Candies.
Ted Weschler, an investment manager at Berkshire, is set to become the top stock picker, managing a significant portion of the equity portfolio.
Berkshire Hathaway employs over 400,000 people and has a presence in multiple ventures, with over $350 billion in cash reserves.
- Who
- Greg Abel, Vice Chairman of Berkshire Hathaway, and Ted Weschler, investment manager
- What
- Greg Abel will succeed Warren Buffett as CEO of Berkshire Hathaway, and Ted Weschler is set to become the top stock picker
- When
- Effective 1 January 2026
- Where
- Berkshire Hathaway's headquarters and various global operations
- Why
- Warren Buffett is stepping down as CEO and will assume the Chairman role, while Ted Weschler's experience makes him a likely candidate for top stock picker
- Current Position
- Vice Chairman, Berkshire Hathaway
- Birthplace
- Edmonton, Alberta, Canada
- Current Residence
- Des Moines, Iowa
- Companies Managed
- BNSF, Dairy Queen, See's Candies, and other manufacturing and retail businesses
- Annual Meeting
- May 2025
- Effective Date
- 1 January 2026
- Berkshire Hathaway Employees
- More than 400,000
- Ted Weschler's IRA Growth
- $70,000 to $221 million by 2018
- Berkshire's Cash Reserves
- Over $350 billion
- Berkshire's Largest Equity Stake
- Apple, approximately $65 billion
- Buffett's Personal Fortune
- Roughly $150 billion in Berkshire stock
- Buffett's Philanthropy
- More than $60 billion given away over the past 20 years
Sources
Who is Greg Abel? Berkshire Hathaway's new CEO to succeed Warren Buffett — What you should know
Warren Buffett steps down as Berkshire CEO after 60 years legacy, lessons endure - Telegraph India
Berkshire’s likely top stock picker: Who he is and how he got there
Buffett retires, the Oracle endures
Buying His First Stock At 11 To Becoming Landlord At 14: 10 Untold Warren Buffett Stories
Warren Buffett exits as Berkshire Hathaway CEO. What happens next as the Oracle of Omaha ‘goes quiet, sort of’?
"Never Lose Money...": As Warren Buffett Retires From Berkshire, A Look At His Most Memorable Quotes
