Greg Abel, new head of Berkshire Hathaway, brings utility sector experience but faces investor scrutiny after Buffett’s departure.
Berkshire Hathaway has transitioned leadership to Greg Abel, who now oversees the conglomerate following Warren Buffett’s departure. Abel previously led MidAmerican Energy and Berkshire’s utility operations, positioning him as a key figure in the company’s power sector strategy.
The shift comes after Buffett’s long tenure, during which his financial insights drew significant investor attention. Abel’s background in utilities may shape Berkshire’s energy investments, though his ability to command the same influence remains uncertain.
Investors are closely watching Abel’s approach, particularly as Berkshire’s utility bets face growing regulatory and market risks. The annual meeting marked his first major public appearance as leader.