Read will retire after the upcoming World Cup, where New Zealand are chasing a third straight title and fourth in total.
The 33-year-old featured in the 2011 and 2015 successes but only replaced Richie McCaw as the All Blacks captain in 2016, meaning he has not yet led the team at a finals.
Warburton was Wales skipper at consecutive World Cups and believes Read fits the role of a successful leader.
"You look at World Cup winners and - I won't say names - some people you come across, it doesn't suit them, no disrespect," Warburton told Omnisport.