Berkshire Hathaway's board voted unanimously to name Greg Abel president and CEO starting next year, CNBC reported on Monday, citing sources. The move officially initiates the transition that will see CEO Warren Buffett step aside after six decades at the helm of the conglomerate.

Berkshire Hathaway’s (NYSE: NYSE:BRK.A) (NYSE:BRK.B) board has unanimously approved Greg Abel as the company’s next president and CEO, effective January 1, 2026, CNBC reported Monday, citing sources.

The 62-year-old's vast responsibilities came after a steady rise through Berkshire’s ranks. Read more at straitstimes.com. Read more at straitstimes.com.