Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970
Warren Buffett has stepped down as chairman of Berkshire Hathaway after over 50 years, transitioning to the role of chairman emeritus. His son, Howard Buffett, will succeed him as chairman, while Greg Abel continues to lead the company as CEO.
Why it matters
This marks a historic leadership transition for one of the world's most influential investment firms, signaling a new era for the company's governance and culture.
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.
Mr. Buffett, 96, will become chairman emeritus and will take on his new role immediately, the company said Friday (September 19, 2026). His son, Howard, will become Berkshire Hathaway's new chairman. Howard Buffett has been on the Berkshire Hathaway board since 1993.
Warren Buffett will remain a director. He had served as Berkshire Hathaway's chairman since 1970.
Mr. Buffett stepped down as CEO of the company late last year. He was succeeded by Greg Abel.
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