Exclusive Webinar :Don't miss the latest webinar on Global Investing with Passive Products on June 22, 11am
you are here: HomeNewsBusiness

Warren Buffett says Greg Able most likely to succeed him at Berkshire Hathaway

Abel has long been seen as the most likely candidate to replace Buffett, given his age and his wide remit overseeing all the non-insurance businesses at Berkshire.

May 03, 2021 / 05:51 PM IST

Warren Buffett, the founder of Berkshire Hathaway, said that Greg Abel, Berkshire’s vice chairman of non-insurance businesses, would most likely succeed him if he stepped down.

Buffett told CNBC that the board was in agreement that the 58-year-old would be the most likely successor at the company if anything were to happen to him, Bloomberg reported.

Within the company, decisions regarding succession remained as a closely guarded secret. The firm has assured investors that a plan is in place.

As per the report, Ajit Jain was also often viewed as a potential pick given Buffett’s praise of the Berkshire vice chairman, who runs the insurance businesses.

The development comes after Berkshire Hathaway's annual general meeting in which company's vice chairman Charlie Munger made a remark that stoked speculation that Abel could be the chosen successor.

Close

Abel has long been seen as the most likely candidate to replace Buffett, given his age and his wide remit overseeing all the non-insurance businesses at Berkshire.

Buffett's comments cements the view that Abel would take over from him, after spending nearly five decades at the helm.
Moneycontrol News
first published: May 3, 2021 05:34 pm

stay updated

Get Daily News on your Browser
Sections