Berkshire CEO Abel assures investors he'll be a careful steward after Buffett

Moodys

28/02/2026 13:44

Feb 28 (Reuters) - Berkshire Hathaway's BRKa.N new chief executive Greg Abel moved to assure investors on Saturday that he will continue the careful, deliberate management of his predecessor Warren Buffett as he steers the American conglomerate.

In his first annual letter to shareholders, Abel said Berkshire's culture and values are unchanged and will continue "in perpetuity."

He also said Berkshire's $373.3 billion stake in cash and equivalents gives the company plenty of "dry powder," but that capital deployment will remain "intentional and deliberate."

Abel also paid homage to Buffett, who led Berkshire for 60 years and remains Berkshire's chairman, calling him a "remarkable ceo" who has left the company well-positioned for decades to come.

 (Reporting by Jonathan Stempel in New York, Editing by Louise Heavens)

 ((jon.stempel@thomsonreuters.com ; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net /))