Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan
Warren Buffett has relinquished his role as chairman of Berkshire Hathaway, a position he held for 61 years. His son, Howard G. Buffett, has taken over as chairman, while Greg Abel continues as CEO. Buffett remains involved as honorary chairman and Chairman Emeritus. This move is part of Buffett's succession plan, which he previously discussed during the May 2025 annual meeting.
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- ✓ Warren Buffett has vacated the chairmanship of Berkshire Hathaway after 61 years.
- ✓ Howard G. Buffett has assumed the role of chairman of Berkshire Hathaway.
- ✓ Greg Abel continues as CEO of Berkshire Hathaway.
- ✓ Warren Buffett remains involved with Berkshire Hathaway as honorary chairman and Chairman Emeritus.
What changed
Warren Buffett vacated the chairman role, and his son Howard G. Buffett assumed the position, marking a key step in the company's leadership transition.
Live updates
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Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett has relinquished his role as chairman of Berkshire Hathaway, a position he held for 61 years. His son, Howard G. Buffett, has taken over as chairman, while Greg Abel continues as CEO. Buffett remains involved as honorary chairman and Chairman Emeritus. This move is part of Buffett's succession plan, which he previously discussed during the May 2025 annual meeting.
Why it matters
This leadership change is significant as it completes a long-planned transition at Berkshire Hathaway, ensuring the company's stability after Buffett's eventual departure. Buffett's succession plan has been closely watched by investors and analysts. The company has multiple large positions that have been adjusted in recent quarters.
What is confirmed
- Warren Buffett has vacated the chairmanship of Berkshire Hathaway after 61 years.
- Howard G. Buffett has assumed the role of chairman of Berkshire Hathaway.
- Greg Abel continues as CEO of Berkshire Hathaway.
- Warren Buffett remains involved with Berkshire Hathaway as honorary chairman and Chairman Emeritus.
What to watch next
- Berkshire Hathaway's future investment decisions under Greg Abel and Howard G. Buffett
- The impact of Warren Buffett's reduced role on the company's stock performance
- Further changes in Berkshire Hathaway's leadership or board composition
confidence 100%Sources used for this update (2)
- theownersedge.substack.com — Warren Buffett: The Last Job - by Alex Prompter
- www.fool.com — Not So Fast! One Warren Buffett's Core Positions at Berkshire ...
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Warren Buffett steps down as Berkshire Hathaway chairman at age 96
Warren Buffett has vacated the chairmanship of Berkshire Hathaway after 61 years. His son, Howard G. Buffett, has assumed the role of chairman, while Greg Abel continues as CEO. The 96-year-old founder remains involved with the company as honorary chairman and Chairman Emeritus. This transition completes a leadership split between the chairman and CEO positions, a move Buffett previously signaled during the May 2025 annual meeting to ensure the company's long-term stability.
Why it matters
Buffett's departure marks the end of six decades of direct leadership at the conglomerate. The succession plan aims to maintain the company's operational continuity through a structured handover.
What is confirmed
- Warren Buffett stepped down as chairman of Berkshire Hathaway at age 96.
- Howard G. Buffett succeeded Warren Buffett as chairman.
What to watch next
- Financial performance reports under the new leadership structure
- Further changes to the board of directors
confidence 100%Sources used for this update (4)
- www.fool.com — Why Buffett believes in Berkshire Hathaway
- longbridge.com — Warren Buffett Says He Has "Never Felt Better" About ...
- el7.ai — Warren Buffett Steps Down as Berkshire Hathaway… | EL7.AI
- businessday.ng — Warren Buffett steps down as Berkshire Hathaway chair after ...
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Berkshire Hathaway shares hit peak since Buffett succession announcement
Berkshire Hathaway stock has reached its highest valuation since Warren Buffett first revealed his plan to step down as CEO during the May 2025 annual meeting. Howard G. Buffett now serves as chairman while Greg Abel has taken over as CEO. Warren Buffett remains on the board as Chairman Emeritus and honorary chairman. The company is currently separating the chairman and CEO roles as part of a planned leadership transition.
Why it matters
This transition marks the end of Warren Buffett's tenure as the primary executive leader of the conglomerate. The shift to Greg Abel as CEO moves the firm into a new era of capital deployment. Investors are monitoring how the new leadership manages the company's massive cash reserves.
What is confirmed
- Warren Buffett announced at the May 2025 annual meeting his plan to step down as CEO by the end of that year.
- Howard G. Buffett is the chairman of Berkshire Hathaway.
- Greg Abel is the CEO of Berkshire Hathaway.
Still unconfirmed
- Greg Abel is deploying Berkshire Hathaway capital on assets beyond Alphabet.
What to watch next
- Future capital allocation decisions made by Greg Abel
- Quarterly earnings reports under the new leadership structure
confidence 90%Sources used for this update (2)
- www.fool.com — Warren Buffett's Successor, Greg Abel, Purchased Nearly $4.8 ...
- www.cnbc.com — Berkshire rally to highest since Buffett announcement - CNBC
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Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett has relinquished his chairman title at Berkshire Hathaway, with Howard G. Buffett taking over as chairman. Greg Abel has assumed the role of CEO. Warren Buffett now holds the titles of Chairman Emeritus and honorary chairman, retaining a seat on the board. This move is part of Buffett's succession plan, separating the chairman and CEO roles.
Why it matters
This leadership transition at Berkshire Hathaway, a $1.1 trillion conglomerate, is a significant step in Warren Buffett's succession plan. Buffett, now 94, has been instrumental in transforming Berkshire Hathaway from a small textile business into a giant conglomerate. His departure marks a new era for the company and the value investing approach he popularized.
What is confirmed
- Warren Buffett is the chairman emeritus of Berkshire Hathaway
- Howard G. Buffett is the new Chairman of Berkshire Hathaway
- Greg Abel now serves as CEO of Berkshire Hathaway
- Berkshire Hathaway's Q2 revenue reached USD 101.81 billion, up 10.00 percent year over year
- Berkshire Hathaway stock traded at EUR 446.58 on October 4, 2026
What to watch next
- Berkshire Hathaway's future investment decisions under Greg Abel and Howard G. Buffett
- Warren Buffett's annual letter to shareholders
- Berkshire Hathaway's Q3 financial results
confidence 100%Sources used for this update (4)
- www.cnbc.com — Warren Buffett - CNBC
- www.fundssociety.com — Warren Buffett: Berkshire Hathaway Chairman Emeritus
- businessdailymedia.com — As Warren Buffett prepares to retire, does his investing ...
- www.ad-hoc-news.de — Berkshire Hathaway named Howard Buffett chair. Berkshire ...
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Howard G. Buffett Takes Over Berkshire Hathaway Chairman Role
Howard G. Buffett is the new Chairman of Berkshire Hathaway following Warren Buffett's departure on September 18. This transition implements a governance structure that separates the Chairman and Chief Executive Officer roles. Greg Abel now serves as CEO of the 1.1 trillion dollar empire. Warren Buffett retains a seat on the board and holds the titles of Chairman Emeritus and honorary chairman. This leadership split divides oversight between the founder's son and the company's operational head, while stock traded at EUR 446.58 in weekend trading on October 4, 2026.
Why it matters
The departure of Warren Buffett from the chairman post marks a significant shift in corporate governance for Berkshire Hathaway. By dividing the roles of Chairman and Chief Executive Officer, the company formally establishes a dual leadership structure. Greg Abel manages the operational side as CEO, while Howard G. Buffett oversees the board.
What is confirmed
- Howard G. Buffett is the new Chairman of Berkshire Hathaway following Warren Buffett's departure on September 18.
- Greg Abel serves as CEO of the 1.1 trillion dollar empire.
- Warren Buffett retains a seat on the board and holds the titles of Chairman Emeritus and honorary chairman.
- Berkshire Hathaway stock trades at EUR 446.58 in weekend trading on October 4, 2026.
- The Lang & Schwarz close was EUR 446.58 on October 2, 2026.
What to watch next
- Further official announcements from Berkshire Hathaway regarding board governance.
- Subsequent stock performance and trading updates on European and domestic exchanges.
confidence 100%Sources used for this update (19)
- economictimes.indiatimes.com — WARREN BUFFETT LATEST NEWS - The Economic Times
- en.wikipedia.org — Warren, Michigan - Wikipedia
- www.cityofwarren.org — Home - City of Warren
- hauntedwarrenhouse.com — HAUNTED WARREN HOUSE
- www.warren.senate.gov — Home - Senator Elizabeth Warren
- www.d121.org — Home - Warren Township High School
- www.warrencontrols.com — Warren Controls
- www.marketscreener.com — Berkshire Hathaway Inc.: Official Announcements - Stock ...
- www.ad-hoc-news.de — Berkshire Hathaway names Howard Buffett chairman as Berkshire ...
- www.ad-hoc-news.de — Berkshire Hathaway wählt Howard Buffett zum Chairman und ...
- www.wral.com — AP Business News and Reporting Coverage, page 17 | WRAL
- www.timesobserver.com — Times Observer - News, Sports, Jobs - Warren, PA
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Howard Buffett becomes Chairman as Warren Buffett exits role
Howard G. Buffett is the new Chairman of Berkshire Hathaway following Warren Buffett's departure on September 18. The transition implements a governance structure that separates the Chairman and Chief Executive Officer roles. Greg Abel now serves as CEO of the 1.1 trillion dollar empire. Warren Buffett retains a seat on the board and holds the titles of Chairman Emeritus and honorary chairman. This leadership split divides oversight between the founder's son and the company's operational head.
Why it matters
Warren Buffett led the conglomerate for nearly 60 years. The move formalizes a long-term succession plan to ensure stability for investors.
What is confirmed
- Howard G. Buffett is the new Chairman of Berkshire Hathaway.
- Warren Buffett stepped down as Chairman effective September 18.
- Warren Buffett now holds the title of Chairman Emeritus.
- Greg Abel is the Chief Executive Officer of the company.
- Warren Buffett remains a member of the Berkshire Hathaway board.
Still unconfirmed
- Greg Abel previously reduced Berkshire's stake in Amazon and increased its Apple holdings.
- Berkshire Hathaway's position in a virtual monopoly is worth more than 36 billion dollars.
What to watch next
- Changes to Berkshire Hathaway investment strategy under Greg Abel
- First quarterly earnings report under the new governance structure
confidence 100%Sources used for this update (4)
- thaitimes.com — Warren Buffett to Step Down as Berkshire CEO After Nearly 60 ...
- finance.yahoo.com — Berkshire Hathaway (BRK.A) Names Howard G. Buffett Chairman
- www.fool.com — Warren Buffett's Successor, Greg Abel, Jettisoned Amazon ...
- starexponent.com — Warren Buffett will step down as Berkshire Hathaway chair
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Warren Buffett Steps Down as Berkshire Hathaway Chairman
Ninety-six-year-old billionaire investor Warren Buffett officially stepped down as chairman of Berkshire Hathaway on September 18. His departure ends a tenure lasting more than six decades at the conglomerate. Buffett transitioned to chairman emeritus and honorary chairman while remaining on the board. His son once predicted retirement would never happen for his father. The leadership transition divides power between his son Howard Buffett as the new chairman and Greg Abel running the company as chief executive officer.
Why it matters
The departure marks the next step in a long-awaited succession plan for the trillion-dollar holding company. Buffett held the chairmanship since 1970 before stepping down at age 96. The split structure divides power between an operator and a guardian to oversee capital allocation, insurance float, utility spending, and the equity portfolio.
What is confirmed
- Warren Buffett stepped down as chairman of Berkshire Hathaway on September 18 at the age of 96.
- Buffett transitioned to the role of honorary and emeritus chairman while remaining on the board.
- Howard Buffett was elected as the new chairman of Berkshire Hathaway.
Still unconfirmed
- Howard Buffett once predicted that retirement would never happen for his father.
What to watch next
- Any further changes to the board of directors or executive responsibilities under CEO Greg Abel
- Financial performance and capital allocation decisions under the split leadership structure
confidence 100%Sources used for this update (4)
- finance.yahoo.com — Warren Buffett's Son Once Said ‘Retirement’ Wasn't In His Dad ...
- www.gate.com — At age 96, Buffett steps down as chairman of Berkshire ...
- www.fool.com — Warren Buffett Just Stepped Down as Berkshire's Chairman ...
- gbcode.rthk.hk — Warren Buffett to step down from Berkshire Hathaway - RTHK
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Warren Buffett Steps Down as Berkshire Hathaway Chairman
Warren Buffett has ended his tenure as Berkshire Hathaway chairman, transitioning to chairman emeritus while remaining on the board. Berkshire Hathaway revealed on Friday, September 18, 2026, that the 96-year-old leader stepped down, closing a chairmanship held since 1970. His 71-year-old son, Howard Buffett, was elected as the new chairman. Meanwhile, Greg Abel continues to run the company as CEO, managing operations for the $1 trillion-plus holding company. This split structure divides power between an operator and a guardian to oversee capital allocation, insurance float, utility spending, and the equity portfolio.
Why it matters
Warren Buffett previously departed as chief executive at the end of 2025, leading up to this final withdrawal from Berkshire's two highest-ranking posts. The structural separation of duties is designed to preserve the company culture and maintain continuity following the era of its legendary predecessor. With Warren Buffett's operational involvement expected to be more limited moving forward, shareholder attention shifts directly to Greg Abel and Howard Buffett.
What is confirmed
- Warren Buffett stepped down as chairman of Berkshire Hathaway on September 18, 2026.
- Warren Buffett was named chairman emeritus and remains a director on the board.
- Howard Buffett was elected as the new chairman of Berkshire Hathaway.
- Greg Abel continues to serve as the chief executive officer of Berkshire Hathaway.
- Warren Buffett is 96 years old and Howard Buffett is 71 years old.
- Warren Buffett held the Berkshire Hathaway chairmanship since 1970.
Still unconfirmed
- Buffett's involvement with Berkshire's operations is likely to be more limited moving forward, bringing much more attention to Greg Abel.
What to watch next
- How Greg Abel and Howard Buffett manage Berkshire Hathaway's insurance float, utility spending, and equity portfolio deployment.
- Any further shifts in operational strategy under Greg Abel following his first nine months leading the company.
confidence 100%Sources used for this update (7)
- observer.com — Greg Abel Runs Berkshire. Howard Buffett’s Job is to Keep it Berkshire.
- observer.com — What Greg Abel’s First Nine Months Reveal About Succeeding Warren Buffett
- finance.yahoo.com — Warren Buffett turned a 'death march' into $1 trillion ...
- finance.yahoo.com — Warren Buffett Steps Down as Berkshire Hathaway Chairman ...
- www.fool.com — Warren Buffett Has Stepped Down as Chairman of Berkshire ...
- technori.com — Warren Buffett Gives Up Berkshire Chairmanship - technori.com
- simplywall.st — How Chairman Change Will Impact Berkshire Hathaway Stock ...
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Howard Buffett becomes chairman of Berkshire Hathaway
Warren Buffett has stepped down as chairman of Berkshire Hathaway, appointing his son Howard Buffett to the role. This move represents the next phase of a succession plan designed to maintain the company's culture and prevent it from straying. While Howard Buffett assumes the chairmanship, Greg Abel remains as CEO. Howard Buffett brings a diverse professional background to the position, having previously worked as a sheriff and a war photographer.
Why it matters
Berkshire Hathaway is one of the world's largest conglomerates. The transition of leadership from Warren Buffett ensures continuity for shareholders. The plan splits oversight between the new chairman and the existing CEO.
What is confirmed
- Warren Buffett has given up the chairman title at Berkshire Hathaway.
- Howard Buffett is the new chairman of Berkshire Hathaway.
- The leadership change is part of a succession plan.
Still unconfirmed
- Greg Abel is the CEO of Berkshire Hathaway.
- Howard Buffett previously served as a sheriff and war photographer.
What to watch next
- Public statements from Greg Abel regarding the new reporting structure.
- Shareholder reactions to the appointment of Howard Buffett.
confidence 90%Sources used for this update (6)
- Fortune — Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman
- WSJ — A New Buffett Takes On the Task of Preserving Berkshire Hathaway’s Culture
- apnews.com — Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan
- CNBC — Buffett takes next step in plan to keep Berkshire from straying
- The New York Times — The A.I. Industry’s New Worry: ‘Liability Exposure’
- finance.yahoo.com — Warren Buffett Steps Down as Chairman of Berkshire Hathaway. 3 Predictions for What Comes Next Under CEO Greg Abel.
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