Greg Abel, who will succeed Warren Buffett as Berkshire Hathaway CEO, is currently the company's vice chairman of non-insurance operations. He begins his new role on Jan. 1, 2026.

Warren Buffett announced Saturday that he will retire as Berkshire Hathaway’s (BRK.A) CEO at the end of 2025 and hand the reins to Greg Abel, a transition that’s long been expected given that Buffett publicly named Abel as his successor in 2021.

Warren Buffett has done what he can to prepare his successor at Berkshire Hathaway. He has tasked CEO-in-waiting Greg Abel with running most of the companies the sprawling conglomerate owns. He named Abel a vice chairman,