In This Article:
Berkshire Hathaway’s (BRK-A, BRK-B) annual shareholder meeting kicks off this weekend, with succession at the top of investors' minds as Chairman and CEO Warren Buffett approaches his 95th birthday.
Catalysts host Madison Mills explains who Greg Abel is and why Buffett is confident in his ability to carry the torch as chief executive. Abel currently sits as the chair of Berkshire Hathaway Energy.
Catch Portfolio Wealth Advisors president Lee Munson also explain why this year's Berkshire meeting is going to stand out, with the firm also set to report its first quarter results on Saturday, May 3.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Berkshire Hathaway's annual shareholder meeting kicking off this weekend. Top of mind for investors will be Warren Buffett's succession plans as the Oracle of Omaha nears his 95th birthday. So, who could take over as CEO of one of the world's most influential companies? Well, his name is Greg Abel, and his designation as the next CEO of Berkshire was accidentally announced by Charlie Munger several years ago at the shareholder meeting. But who is this guy? The Canadian businessman has been with Berkshire for 25 years following the company's acquisition of MidAmerican Energy where he served as CEO. He currently chairs Berkshire's energy and has been instrumental in managing the company's diverse portfolio of non-insurance businesses. Buffett has expressed full confidence in Abel's ability to lead, stating he is 100% comfortable with him as the future CEO. Abel's leadership is expected to preserve Berkshire Hathaway's culture and conservative financial approach, ensuring continuity in the company's operations and strategy.
