Connor Teskey becomes Brookfield Asset Management (NYSE: BAM) CEO

Rhea-AI Filing Summary

Brookfield Asset Management Ltd. appointed Connor Teskey as Chief Executive Officer, effective February 3, 2026. Teskey, age 38, has served as President since 2022 and leads Brookfield’s Renewable Power and Transition business, as well as serving as CEO of Brookfield Renewable Partners.

As part of the transition, Bruce Flatt resigned as Chief Executive Officer of Brookfield Asset Management Ltd. on February 3, 2026 and will continue as Chair of the Board and as Chief Executive Officer of Brookfield Corporation. The Board also appointed Bruce Karsh as a director, succeeding William Powell, who resigned as a director effective the same date.

Insights

Corporate governance analyst

Brookfield elevates an internal leader to CEO while maintaining continuity at the board level.

Brookfield Asset Management Ltd. promoted Connor Teskey to Chief Executive Officer effective February 3, 2026, after he served as President and head of the Renewable Power and Transition business. This signals reliance on a long-tenured executive familiar with the group’s investment and operating platforms.

Bruce Flatt resigned as CEO of Brookfield Asset Management Ltd. but remains Chair of its Board and Chief Executive Officer of Brookfield Corporation, preserving broader group leadership continuity. The company also added Bruce Karsh as a director, with William Powell resigning, modestly reshaping board composition without altering disclosed strategy.

Future disclosures in company communications may provide more detail on how Teskey balances his existing renewable leadership roles with the broader CEO responsibilities and how the refreshed board composition supports Brookfield Asset Management Ltd.’s capital allocation and growth priorities.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 3, 2026

Brookfield Asset Management Ltd.

(Exact name of registrant as specified in its charter)

British Columbia, Canada		001-41563		98-1702516
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(IRS Employee Identification No.)

Brookfield Place

250 Vesey Street, 15^th Floor

New York, NY 10281-0221

 (Address of Principal Executive Offices)

(212) 417-7000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Class A Limited Voting Shares		BAM		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On February 4, 2026, Brookfield Asset Management Ltd. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1. The Company does not intend for this Item 2.02 or Exhibit 99.1 to be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or to be incorporated by reference into filings under the Securities Act of 1933, as amended.

Item 5.02               Election of Directors; Appointment of Certain Officers; Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers.

Chief Executive Officer

On February 3, 2026, Connor Teskey was appointed by the Board of Directors (the “Board”) of the Company to serve as the Company’s Chief Executive Officer, effective February 3, 2026.

Mr. Flatt will continue in his role as Chair of the Board of the Company, in addition to his role as Chief Executive Officer of Brookfield Corporation.

Mr. Teskey, age 38, has been the President of the Company since 2022 and is also the head of Brookfield’s Renewable Power and Transition business and Chief Executive Officer of Brookfield Renewable Partners, positions he has held since 2020. In these roles, he is responsible for investments, operations and the expansion of the Renewable Power and Transition business. Mr. Teskey joined Brookfield in 2012 and has held a variety of investment and management roles. Prior to Brookfield, he worked in corporate debt origination at a Canadian bank. Mr. Teskey holds a Bachelor of Business Administration degree from the University of Western Ontario.

As part of this transition, on February 3, 2026, (i) Bruce Flatt resigned as the Chief Executive Officer of the Company and (ii) Connor Teskey’s title was changed to Chief Executive Officer from President of the Company, each effective February 3, 2026.

Board of Directors

In connection with the Company’s announcement on February 4, 2026, the Board of the Company appointed Bruce Karsh as a director of the Company, effective February 3, 2026. Mr. Karsh succeeds William Powell, who resigned as a director of the Company as of the same date.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press release dated February 4, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 4, 2026

	Brookfield Asset Management Ltd.
	By:	/s/ Kathy Sarpash
	Name:	Kathy Sarpash
	Title:	Managing Director, Legal & Regulatory and Corporate Secretary

FAQ

Who is the new CEO of Brookfield Asset Management Ltd. (BAM)?

Brookfield Asset Management Ltd. appointed Connor Teskey as Chief Executive Officer effective February 3, 2026. He previously served as President since 2022 and leads Brookfield’s Renewable Power and Transition business and Brookfield Renewable Partners, bringing extensive internal experience to the top role.

What role will Bruce Flatt continue to hold at Brookfield Asset Management Ltd. (BAM)?

Bruce Flatt resigned as Chief Executive Officer of Brookfield Asset Management Ltd. effective February 3, 2026 but remains Chair of the Board. He also continues as Chief Executive Officer of Brookfield Corporation, maintaining a significant leadership position within the broader Brookfield group.

What is Connor Teskey’s background before becoming CEO of Brookfield Asset Management Ltd. (BAM)?

Connor Teskey has been President of Brookfield Asset Management Ltd. since 2022 and leads its Renewable Power and Transition business, as well as being CEO of Brookfield Renewable Partners. He joined Brookfield in 2012 and previously worked in corporate debt origination at a Canadian bank.

Were there any changes to the Brookfield Asset Management Ltd. (BAM) Board of Directors?

Yes. The Board appointed Bruce Karsh as a director effective February 3, 2026. He succeeds William Powell, who resigned as a director on the same date, resulting in a change in board composition alongside the CEO transition.

When did the leadership changes at Brookfield Asset Management Ltd. (BAM) take effect?

The key leadership changes took effect on February 3, 2026. On that date, Connor Teskey became Chief Executive Officer, Bruce Flatt resigned as CEO but remained Board Chair, and Bruce Karsh joined the Board while William Powell resigned as a director.

Did Brookfield Asset Management Ltd. (BAM) issue a press release about these changes?

Yes. Brookfield Asset Management Ltd. issued a press release dated February 4, 2026, attached as Exhibit 99.1. The press release relates to the company’s disclosures but is specified as not being deemed filed for certain U.S. securities law purposes.