Berkshire’s incoming CEO Greg Abel starts leadership reshuffle after senior departures

Earlier this week, Berkshire announced that Todd Combs — one of its two investment managers apart from Buffett and the former CEO of GEICO — and longtime chief financial officer Marc Hamburg were both leaving the company.

By Storyboard18| Dec 9, 2025 9:18 AM

Berkshire’s incoming CEO Greg Abel starts leadership reshuffle after senior departures

Berkshire had stated earlier, as quoted by media reports, that Abel will ultimately be responsible for stock-picking, identifying acquisitions, deciding where to deploy capital across Berkshire’s numerous businesses, and overseeing the operations of those companies.

Greg Abel, the incoming Berkshire Hathaway chief executive officer, is assembling his leadership team as he prepares to take charge of the conglomerate from Warren Buffett starting January, following a series of key departures, as per media reports.

Earlier this week, Berkshire announced that Todd Combs — one of its two investment managers apart from Buffett and the former CEO of GEICO — and longtime chief financial officer Marc Hamburg were both leaving the company. As per reports, Combs will join JPMorgan, where he will help decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon, while Hamburg is retiring after four decades.

Keefe, Bruyette & Woods analyst Meyer Shields reportedly said he expects further turnover in the months ahead as Buffett steps down from the CEO role he held for over six decades. Buffett will remain Chairman, but Shields added that more leadership changes may follow.

Abel has already begun making strategic moves. He has promoted NetJets CEO Adam Johnson to a newly created role overseeing all of Berkshire’s consumer, service, and retail businesses. Further, as per reports, Abel will continue to supervise Berkshire’s manufacturing, utility, and industrial divisions, including BNSF railroad and Berkshire Hathaway Energy.

Brand Makers

Google tests deeper AI mode integration, raising fresh concerns over search traffic loss

Brand Marketing

IndiGo calls mass flight cancellations ‘unforeseeable confluence’ as DGCA reviews airline’s response

How it Works

Rajasthan Royals exploring majority stake sale; target valuation above $1 Billion

According to the report, a majority stake is on the table, and depending on negotiations, a full 100% sale could also be evaluated if it aligns with all stakeholders. Badale may choose to relinquish control while retaining a minority holding if that structure maximises returns.

Brand Marketing

UFO Moviez unit ties up with China’s Timewaying to deploy DCI-certified LED cinema screens

UFO Moviez subsidiary bets on LED-based cinema.

Social Media

'₹16,000–₹18,000 pay and work of three people’: Viral letter alleges IndiGo crisis was years in the making

Agency News

IBM calls for global agency review of $330 million media business

The move comes at a time when the company is reshaping parts of its global marketing organisation and sharpening its focus on data-driven enterprise platforms.

Digital

Meta wins EU approval for revised ad model, avoids threat of daily fines

Digital

DPIIT releases working paper on copyright and AI, proposes hybrid licensing model

The committee concludes that neither unrestricted AI training nor rigid rights-holder control would serve long-term public interest. AI systems rely on human creativity for training, and without sustainable compensation structures, content supply will diminish.

Berkshire had stated earlier, as quoted by media reports, that Abel will ultimately be responsible for stock-picking, identifying acquisitions, deciding where to deploy capital across Berkshire’s numerous businesses, and overseeing the operations of those companies.

Brand Makers