NEW YORK (S&P Global Ratings) May 5, 2025--The board of directors of Berkshire Hathaway Inc. (BRK; AA/Stable/A-1+), acting on Warren Buffett's recommendation, has named Greg Abel as the company's next Chief Executive Officer, effective January 2026. Abel, who has been with the company since 2000 and currently oversees its non-insurance operations, will assume the role in accordance with the succession plans communicated in 2021 and in line with expectations we have held since then. Buffett, who has led the company as Chairman and CEO for over 50 years, will continue to serve as Chairman of the board. We believe Abel is well-qualified to succeed Buffett, given his extensive experience and key role in guiding BRK's strategic and financial decisions alongside
