Warren Buffett Steps Down As Hathaway Chairman, Son Howard To Take Over
Warren Buffett, 96, has stepped down as chairman of investment firm Berkshire Hathaway after over 56 years, assuming the role of chairman emeritus while his son, Howard Buffett, takes over as chairman. This follows his earlier resignation as CEO in 2026, with Greg Abel now leading the $1 trillion conglomerate.
Why it matters
This marks a significant leadership transition for one of the world's most influential investment firms, signaling a new era for Berkshire Hathaway after decades under its legendary founder, and has implications for the company's future direction and investor confidence.
Warren Buffett, one of the richest people in the world who made his fortune by making the right stock bets at the right time, has stepped down as the chairman of investment firm Berkshire Hathaway after over 56 years.The investment icon is 96 years old. However, he will not hang up his boots just yet. He will assume the role of chairman emeritus immediately and make way for his son, Howard Buffett, who has been on the giant's board since 1993. Another role the "Oracle of Omaha" will not relinquish is that of a director.This is the second post he has resigned from in a year. At the start of 2026, he stepped aside from the role of the Chief Executive Officer (CEO).
Also covering this story
4 other newsrooms covered this event. We read each version separately.
Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett is stepping down as chairman of Berkshire Hathaway
Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970
Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him
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