Greg Abel becomes Berkshire Hathaway's new CEO, succeeding Warren Buffett.

At Berkshire Hathaway, Greg Abel has formally taken over as CEO, replacing Warren Buffett. Abel, a longtime key executive at the company, reaffirmed Berkshire's dedication to long-term investing and operational excellence by emphasizing continuity in strategy and values. For the company, which continues to be a pillar of the American business scene, the change represents a momentous occasion.