Warren Buffett Steps Down as Berkshire Hathaway Chairman
- 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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Warren Buffett Steps Down as Berkshire Hathaway Chair
Warren Buffett is giving up his biggest title at Berkshire Hathaway, but not the entire stage. In a letter to shareholders on Friday, the 96-year-old investor said he'sstepping down as fleshman of the $1 trillion conglomerate he's led for more than 50 years, while staying on the board and...
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KlixAmerican investor and philanthropist Warren Buffett is stepping down as chairman of Berkshire Hathaway, a role he has held since 1970. The company has also named its longtime boss honorary chairman, the American financial conglomerate announced in a press release on Friday.
Howard Buffet, son of Warren Buffet, is the new chairman of the board of directors of Berkshire Hathaway, his father, the mythical investor and guru of the capital markets, leaves at 96 years of management of one of the largest conglomerates in the world
Howard replaces his father, Warren Buffett, as Berkshire Hathaway chairman
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role at the conglomerate for more than 50 years. Buffett, 96, will become chairman emeritus and will take on his new role immediately, the company said on Friday. His son, Howard, will become Berkshire Hathaway’s new chairman, part of a long-planned succession. Howard Buffett has been on the Berkshire Hathaway board since 1993. Warren Buffett will remain a dir…
As specified in a company note, senior Buffett becomes president emeritus with immediate effect
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