Warren Buffett Steps Down as Berkshire Hathaway Chairman
Buffett becomes chairman emeritus as Berkshire names his son Howard to the post, continuing a long-planned transition built around the company’s culture.
- On Friday, Warren Buffett announced he is stepping down as chairman of Berkshire Hathaway, with his son Howard Buffett replacing him as chairman while Buffett becomes chairman emeritus and remains a director.
- This transition follows a long-standing succession plan, occurring nine months after Greg Abel took over as CEO, with Buffett defining his son's role as "Think of Howard as a policy the shareholders own and hope never to claim against."
- Under Buffett's tenure since 1965, the firm transformed from a failed New England textiles mill into a $1 trillion conglomerate with $44.5 billion in operating earnings and nearly 400,000 employees.
- Berkshire shares have risen just 1% in 2026 while the broader market rallied more than 11%, prompting Abel to step up share repurchases to $4.5 billion in the second quarter.
- Buffett, 96, emphasized confidence in the company's future, writing "The company is in excellent hands, and I look forward to remaining a shareholder alongside you," while continuing to work at the office five days a week.
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Howard Buffett to succeed father Warren as Berkshire Hathaway chair
Berkshire Hathaway has named Howard Buffett as chair as his father Warren Buffett steps down after six decades at the helm of the conglomerate. Howard’s elevation comes as billionaire Warren moves into the role as chairman emeritus of the company, according to a letter published to shareholders on Friday. The elder Buffett will also remain [...]
WARREN Buffett (96) is stepping down as chairman of Berkshire Hathaway after more than 50 years. His son Howard is taking over the role, while Buffett remains chairman emeritus on the board.
Le Journal de Montreal
Le Journal de QuebecWarren Buffett, 96, leaves the board of directors of his conglomerate and his son Howard has been appointed to succeed him
The mogul asked shareholders to think of his son as “a policy they own and hope never to have to collect.”
<p>Warren Buffett left as chairman of Berkshire Hathaway, succeeded by son Howard 96-year-old Warren Buffett became honorary chairman of Berkshire Hathaway. His son Howard is appointed as his successor, and Greg remains CEO Abel</p>.
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