Its confirmed: Warren Buffetts eventual successor as CEO of Berkshire Hathaway BRK.A, +2.42% BRK.B, +2.46% will be Gregory Abel, currently the companys vice-chairman. While no one can match the unparalleled record Buffett set as both an investor and a manager, Abel is the right fit: a player and a coach who has a light-touch and makes a high-impact.

As a manager within Berkshires culture famous of autonomy and decentralization, Abel, 59, is aptly low-ego and hands-off. A deep business knowledge and wisdom that he gladly offers when asked, one of the most important roles of the Berkshire CEO when overseeing scores of high performing subsidiaries.