Between talking about commercial wars and definitions at the annual shareholders ’meeting of Hathaway at the end of this week, she stood more among generations-one about what comes, and who comes after that with regard to the blocs that are based in Oma.
This question has become more urgent after Warren Buffett, CEO of Berkshire Hathaway for 55 years – and now 94 years old – he told a sudden crowd that he would step down at the end of the year.
“I think the time has arrived as Greg should become the company’s CEO at the end of the year,” he said.
Pavite was referring to one of his hands, Greg Abil.
Abel, 62, was the vice president of insurance operations in Berkway since 2018. He is also the head of the Hathaway Energy, who Pavit Puffett as one of the four “jewels” of the “Jewels” in his annual message to shareholders in 2021, in the same year that Buffett implemented Abel as his success.
While Buffett’s approval is an additional advantage, the company’s board of directors will eventually decide behind it.
Investors and shareholders expect that if ABL takes over the role, it will maintain the philosophy of investment in Berkshire Hathaway. He told the shareholders at this weekend meeting that he will start to maintain the “public budget fortress” of the company, which allows it to make large investments without relying on banks, Baron said.
However, ABEL is known as a more practical management pattern than Buffett.
It was estimated by Forbes of $ 484 million in 2021. In 2022, he sold his 1 % share in the company’s power unit in Berkchire Hathaway for $ 870 million.
ABEL has risen through the ranks with a constant focus on energy.
Canadian hockey citizen played in his early years and attended Alberta University. He graduated in 1984 with a degree in trade.
Join PWC after graduation and quickly move to a small company called Calenergy. In 1999, Calergy acquired Midamerican and adopted her name. In the same year, Berkchire Hathaway bought Midamerican. ABEL took over in Midamerican in 2008 – Berkshire Hathaway Energy in 2014 – and defended until 2018.
He also served on the board of directors of many major companies, including KRAFT Heinz, and belongs to organizations and institutions such as Mid-Yowa Countil Boy Scouts of America, Drake University, American Football Coaches, and Horatio alger.
He lives in De Mine, Iowa. De Moen’s record says that those who saw him in a circuit in the town in the city are watching his son practicing him, saying he is a “ordinary man.”
Pavite also has a good reputation as a person of people, and lives in Omaha, Nebraska.
In Berkshire Hathaway, the caliphate does not seem to revolve around the delivery of the job. With the title, Puffett said he passed traditions – such as writing letters – and mentality as well.
In the annual report of the year 2024 of Berkshire Hathaway, Buffett wrote, “In 94, it will not take long before Greg Abel replaces his CEO and will write annual messages. Greg participates in Berkshire Creed that“ report ”is what he believes will be believed soon, and you will believe that there is honestly right, and you will think you will think You are fine.
