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From Wikipedia, the free encyclopedia

Greg Abel
Born
Gregory Edward Abel

(1962-06-01) June 1, 1962 (age 59)
Edmonton, Alberta, Canada
EducationUniversity of Alberta (BComm)
TitleChairman and CEO of Berkshire Hathaway Energy

Gregory Edward Abel (born June 1, 1962) is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018.

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  • 2013 U of A Distinguished Alumnus Gregory Abel

Transcription

Early life and education

Gregory Edward Abel was born on June 1, 1962 in Edmonton, Alberta.[1][2] He earned a bachelor's degree in accounting from the University of Alberta in 1984 and is an AICPA certified public accountant.[2][3]

Career

Abel began his career working as a chartered accountant with PricewaterhouseCoopers in their San Francisco office. In 1992, he joined CalEnergy, a geothermal electricity producer.[2] In 1999, CalEnergy acquired MidAmerican Energy, adopting its name, and Berkshire Hathaway acquired a controlling interest later that year. Abel became CEO of MidAmerican in 2008,[4] and the company was renamed Berkshire Hathaway Energy in 2014.[2]

In January 2018, Abel was named Berkshire Hathaway's vice chairman for non-insurance operations and appointed to Berkshire's board of directors.[5]

Abel is also vice chairman of Edison Electric Institute, and a director of Associated Electric & Gas Insurance Services Limited, Kraft Heinz, Nuclear Electric Insurance Limited, the Hockey Canada Foundation, the Mid-Iowa Council Boy Scouts of America, and the American Football Coaches Foundation. He has been on the board of trustees at Duke University and at Drake University.[6][7]

In May 2021, while speaking with partner Charlie Munger, Warren Buffett confirmed Abel as his future successor as CEO of Berkshire Hathaway.[8] Abel's handling of CalEnergy’s take-over of a British utility in the 1990s is credited to mark the start of this transition.[9]

References

  1. ^ "Edmonton-born Greg Abel picked as Warren Buffett's successor as Berkshire Hathaway CEO". CBC News. May 3, 2021. Retrieved May 3, 2021.
  2. ^ a b c d Nelson, Jacqueline (May 14, 2014). "Warren Buffett's Canadian lieutenant eyes Alberta expansion". The Globe and Mail. Retrieved 10 January 2018.
  3. ^ "Executive Profile: Gregory Edward Abel". Bloomberg LP. Archived from the original on 11 January 2018. Retrieved 10 January 2018.
  4. ^ Claman, Liz (2018-09-07). "Greg Abel: Holding a key to Buffett's Kingdom". FOXBusiness. Retrieved 2020-02-07.
  5. ^ Kim, Tae (10 January 2018). "Warren Buffett takes a step closer to naming a successor as Berkshire appoints Abel and Jain to board as vice chairs". CNBC. Retrieved 10 January 2018.
  6. ^ Das, Anupreeta (28 February 2015). "Greg Abel: an Astute Deal Maker Who Shuns the Spotlight". WSJ. Retrieved 31 March 2019.
  7. ^ Jordan, Steve (11 January 2018). "New Berkshire Vice Chairman Gregory Abel called 'truly innovative' with 'great ideas'". Omaha World Herald. Retrieved 31 March 2019.
  8. ^ Platt, Eric (May 3, 2021). "Berkshire succession: Greg Abel confirmed as Warren Buffett's successor". The Financial Times. New York. Retrieved May 3, 2021.
  9. ^ Huddleston, Tom. "What you need to know about Greg Abel — Warren Buffett's successor at Berkshire Hathaway". Retrieved 18 May 2021.
This page was last edited on 7 August 2021, at 19:34
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