OMAHA, Neb. (AP) — Everyone knows Warren Buffett ‘s successor won’t be able to match the legendary investor, but Berkshire Hathaway ‘s board remains confident Greg Abel is the right guy to one day lead the conglomerate into the future.

Longtime Berkshire board member Ron Olson told investors gathered Thursday at a conference two days ahead of the company’s annual shareholders meeting that Abel understands all the fundamental principles that guided Buffett, like letting Berkshire’s companies largely run themselves. And Abel will be committed to running Berkshire in a conservative way that will protect the company that’s known for it financial strength, he said.

“Greg is not somebody who is going to be as likely to create the kind of following in the press that I think Warren has had,” Olson said. “On the other hand. I have every reason to believe that he will run the companies that we have the responsibility for in the same way that Warren ran them.”