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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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319 Articles
319 Articles
Warren Buffett will leave the chair of the Board of Directors of Berkshire Hathaway after more than 50 years.
·Monterrey, Mexico
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US investor Warren Buffett, who stepped down as CEO of finance and insurance company Berkshire Hathaway at the end of 2025, has now also resigned from the company's chairmanship, which he had held since 1970, CNN reports.
·Vilnius, Lithuania
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The 96-year-old had announced plans last year to withdraw from leading the business group.
·Paris, France
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At the age of 96, Warren Buffett will leave the chair of Berkshire Hathaway's board of directors, closing a leadership that began in 1965. Here are some of the most important (even simple) lessons about finance...
·Lisboa, Portugal
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Total News Sources319
Leaning Left49Leaning Right49Center100Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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