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.

This is breaking news. Please refresh for updates. The Berkshire Hathaway board voted unanimously on Sunday to make Greg Abel president and CEO on January 1, 2026 and for Warren Buffett, 94, to remain as chairman,

Abel was named vice chairman of Berkshire Hathaway in 2018. Although he has been at the company for more than two decades, he is considered to be much more guarded and hands-on than Buffett.