Buffett to issue letter to children and shareholders, hand off annual letter to Abel, WSJ says

(Reuters) -Warren Buffett will release a letter to his three children and Berkshire Hathaway shareholders on November 10, while Greg Abel will write Berkshire's annual shareholder letter in February after becoming chief executive, the Wall Street Journal said on Thursday, citing Buffett's assistant. Buffett, 95, is stepping down as chief executive at the end of the year, but will remain chairman. Abel, 63, is a Berkshire vice chairman but has been taking on more responsibilities, including after Buffett announced the management change at Berkshire's May 3 annual meeting. Buffett also plans to sit in the audience with other directors, rather than on stage, at next year's meeting. Berkshire did not immediately respond to requests for comment on Friday. The Omaha, Nebraska-based conglomerate will release third-quarter results on Saturday. It isn't clear what Buffett's November 10 letter to his children Susie, Howard and Peter and to shareholders will say. Buffett issued letters in November 2023 and November 2024 that discussed estate planning and gave thanks for the opportunities the U.S. has offered. He also announced donations to four family charities. Howard Buffett is expected to eventually become non-executive chairman at Berkshire. (Reporting by New York Newsroom)

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