So, like, when Greg Abel takes over from Warren Buffett at Berkshire Hathaway later this year, he’s totally expected to keep things chill at the big company. Even if he’s not as famous as his boss, he’s still gonna do his thing, you know? Abel, who’s 62 and a vice chairman at Berkshire, is expected to keep up the tradition of investing in companies for the long haul and not giving out dividends to the shareholders.

Berkshire, which owns stuff like railroads, insurance companies, and an ice-cream maker, has been getting ready for this moment for a while now. Buffett, who’s 94 and has been running the show since 1965, announced at the annual shareholder meeting in Omaha that Abel was the chosen one to take over. It was kinda surprising since Buffett hadn’t really said when he was gonna step down before.

Buffett has been dropping hints about his age for a while now, and he straight up said that Abel was more cut out for the job than he was. “It’s working way better with Greg Abel than with me, because I don’t want to work as hard as he works,” Buffett said. Seems like Abel is gonna be more hands-on when it comes to managing the subsidiaries, which is pretty cool.

Abel gave props to Buffett, saying “Warren has obviously been a remarkable teacher, and I have benefited from that for years.” He’s come a long way from his working-class roots in Edmonton, Alberta, where he did odd jobs like cleaning bottles and filling fire extinguishers. Abel graduated from the University of Alberta in 1984 and worked at a couple of places before landing at Berkshire Hathaway Energy in 1992.

Now, Abel is in charge of Berkshire’s non-insurance operations like BNSF and a bunch of other stuff. He’s also taken on some of the responsibilities that used to be Buffett’s. Seems like Buffett trusts Abel to make decisions about Berkshire’s portfolio of public stocks, which is a pretty big deal.

People who work with Abel say he’s all about asking the right questions and digging deep into the nitty-gritty details. Chris Kelly, the CEO of HomeServices of America, said, “Abel’s questions ensure you are thinking through directives and plans as a company. You come away smarter from having a conversation with him.”

So, yeah, when Abel takes the reins at Berkshire, he’s probably gonna keep things moving in the right direction. Buffett has faith in him, and it looks like he’s ready to step up to the plate. It’s gonna be interesting to see how things play out when the big change happens.