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Gregory E. Abel

Gregory E. Abel

CEO of Berkshire Hathaway

Appears in 4 stories

Born: 1962 (age 63 years), Edmonton, Canada
Education: University of Alberta (1984)
Nationality: Canadian

Notable Quotes

While some of this capital is required to support our insurance operations and protect Berkshire against extreme scenarios, it also constitutes our dry powder. — Abel, 2026 shareholder letter

Absolutely not. We see our conglomerate structure working without the bureaucracy and bloated costs. We do not see ourselves divesting subsidiaries for that reason or ever breaking off a group. — Abel, 2026 annual meeting, on whether Berkshire should break up

We're going to be a builder of technology, rather than just a buyer of technology. — Abel, 2026 annual meeting

Stories

Berkshire Hathaway begins post-Buffett era under Greg Abel

Money Moves

Announced Berkshire's first major acquisition under his tenure (Taylor Morrison, $8.5B enterprise value) and filed first major portfolio overhaul

Greg Abel's first major move as Berkshire Hathaway's chief executive came May 31: a $8.5 billion agreement to buy homebuilder Taylor Morrison. The deal consolidates Berkshire's site-built housing operations into a single national platform, adding Taylor Morrison's 350 communities across 12 states.

Updated Jun 1

Enbridge Line 5 pipeline shutdown fight

Rule Changes

Defending pipeline operations across multiple jurisdictions

Two 20-inch oil pipelines have been pumping crude under the Straits of Mackinac since 1953, and Michigan has spent seven years trying to shut them down. On April 22, 2026, the Supreme Court ruled that the company defending the pipelines, Canadian operator Enbridge, gets to fight that battle in federal court, not the state courthouse Michigan picked.

Updated May 31

Pacific Northwest utility consolidation

Money Moves

Designated Berkshire successor, managing utility crisis

Portland General Electric is buying PacifiCorp's Washington utility operations for $1.9 billion—the first major cross-state utility deal in the Pacific Northwest in decades. The deal, announced February 17, 2026, moves 140,000 customers, three power plants (805 megawatts), and 4,500 miles of transmission lines from Warren Buffett's Berkshire Hathaway to an Oregon-based utility partnering with Canadian infrastructure investors.

Updated May 29

Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet

Money Moves

Incoming President and CEO effective January 1, 2026

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10