Warren Buffett steps down as Berkshire chairman, son Howard succeeds
Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway, a role he held for over 60 years. His son, Howard Buffett, 71, has succeeded him as chairman. Warren Buffett will continue to support the company as chairman emeritus and a board member. This leadership change is part of a long-term succession plan.
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- ✓ Warren Buffett stepped down as chairman of Berkshire Hathaway on September 18, 2026.
- ✓ Howard Buffett succeeded his father Warren as chairman of Berkshire Hathaway.
- ✓ Warren Buffett will continue to support Berkshire Hathaway as chairman emeritus and a board member.
- ✓ The leadership change is part of a long-term succession plan.
What changed
Warren Buffett stepped down as Berkshire Hathaway chairman on September 18, 2026, and his son Howard took over the role.
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Warren Buffett steps down as Berkshire chairman, son Howard succeeds
Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway, a role he held for over 60 years. His son, Howard Buffett, 71, has succeeded him as chairman. Warren Buffett will continue to support the company as chairman emeritus and a board member. This leadership change is part of a long-term succession plan.
Why it matters
The change in leadership at Berkshire Hathaway, a $1.1 trillion conglomerate, follows a planned succession strategy to maintain the company's current direction. Warren Buffett has been leading Berkshire for over six decades. His son Howard has been a board member for 33 years.
What is confirmed
- Warren Buffett stepped down as chairman of Berkshire Hathaway on September 18, 2026.
- Howard Buffett succeeded his father Warren as chairman of Berkshire Hathaway.
- Warren Buffett will continue to support Berkshire Hathaway as chairman emeritus and a board member.
- The leadership change is part of a long-term succession plan.
- Howard Buffett has been a Berkshire Hathaway board member for 33 years.
- Warren Buffett is 96 years old.
- Howard Buffett is 71 years old.
What to watch next
- Berkshire Hathaway's future performance under new leadership
- Greg Abel's role in the company moving forward
- Warren Buffett's involvement with the company as chairman emeritus
confidence 100%Sources used for this update (19)
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Howard Buffett succeeds Warren Buffett as Berkshire Hathaway chairman
Howard Buffett is now the chairman of Berkshire Hathaway following the immediate resignation of his father, Warren Buffett. The elder Buffett assumes the title of chairman emeritus. This leadership change follows a long-term succession strategy designed to maintain the conglomerate's current direction. Warren Buffett will continue to support the firm as a board member and adviser after leading the company for over 60 years.
Why it matters
The transition marks the end of one of the longest tenures in corporate history. Howard Buffett brings a background in philanthropy and farming to the role. The move aims to stabilize the company during a transition of power.
What is confirmed
- Howard Buffett has become the chairman of Berkshire Hathaway.
- Warren Buffett has stepped down as chairman and is now chairman emeritus.
- The leadership transition is effective immediately.
- Warren Buffett will remain a board member and adviser.
What to watch next
- Details of the broader Berkshire Hathaway succession plan
- First official policy shifts under Howard Buffett's chairmanship
confidence 100%Sources used for this update (3)
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Howard Buffett succeeds Warren Buffett as Berkshire Hathaway chairman
Howard Buffett has assumed the role of chairman at Berkshire Hathaway, succeeding his father, Warren Buffett. The transition is part of a planned succession strategy to ensure the conglomerate does not stray from its established path. While Warren Buffett has relinquished the chairmanship, he will remain with the company as a board member and adviser. The move ends a tenure for the elder Buffett that lasted more than six decades, with the new chairman described as a farmer and philanthropist.
Why it matters
Warren Buffett has led Berkshire Hathaway since 1970. This leadership change marks a major transition for one of the world's largest conglomerates. The appointment of his son aims to maintain stability in the company's long-term management.
What is confirmed
- Warren Buffett has stepped down as chairman of Berkshire Hathaway.
- Howard Buffett is the new chairman of Berkshire Hathaway.
- Warren Buffett held the position of chairman since 1970.
- Warren Buffett will continue to serve as a board member and adviser.
Still unconfirmed
- Warren Buffett has become chairman emeritus.
- Warren Buffett stated that Father Time always wins.
What to watch next
- Details of Howard Buffett's first strategic directives as chairman
- Official shareholder reactions to the leadership transition
confidence 100%Sources used for this update (14)
- CNN — Warren Buffett steps down as chairman of Berkshire Hathaway
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- Reuters — Warren Buffett steps down as Berkshire chairman, son Howard succeeds
- The New York Times — Warren Buffett Steps Down as Berkshire Chairman and Names Son to Replace Him
- Dallas News — Billionaire Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970
- wsj.com — Who Is Howie Buffett, Berkshire Hathaway’s New Chairman?
- BBC — Warren Buffett steps down after six decades at Berkshire - 'Father Time always wins'
- Barron's — Meet Howard Buffett—Farmer, Philanthropist, and Berkshire’s New Chairman
- www.cnbc.com — Buffett takes next step in plan to keep Berkshire from straying
- ceoworld.biz — Howard Buffett Succeeds Warren Buffett as Berkshire Chair
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