finance
Greg Abel Succeeds Warren Buffett as Berkshire Hathaway CEO, Parallels to Tim Cook at Apple
Greg Abel has become CEO of Berkshire Hathaway following Warren Buffett, who remains chairman. Comparisons are drawn to Tim Cook, who succeeded Steve Jobs at Apple in 2011 and oversaw significant growth. Kevin Carpenter, author of a newsletter on Berkshire, noted similarities in their challenges.
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Greg Abel assumed the role of CEO at Berkshire Hathaway at the start of 2026, succeeding Warren Buffett. Buffett, aged 95, continues as the company's chairman. The transition follows Buffett's six decades leading the company, during which he grew it from a textile mill into a conglomerate valued at $1 trillion.
Berkshire Hathaway owns businesses including Geico, Dairy Queen, and BNSF Railway. It also holds stakes in companies such as Apple, Coca-Cola, and American Express.
Carpenter, author of the newsletter 'The Berkshire Beat,' stated to Business Insider that no one can appreciate what Greg Abel is going through better than Tim Cook.
Tim Cook became CEO of Apple in 2011, shortly before the death of Steve Jobs in October of that year. Jobs cofounded Apple 50 years ago and led developments including the iPhone.
The company's market capitalization increased from approximately $350 billion to $4 trillion during this period.
Leadership Cook has maintained Apple's principles, including collaboration, focus, execution, user experience, and integration of hardware, software, and services.
In a recent interview with 'CBS Sunday Morning,' Cook described these as fundamental values established by Jobs.
