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● LIVE Updated 1h ago · 9 sources tracked

Who Is Howard Buffett, the New Berkshire Hathaway Chairman?

Howard Buffett is the new chairman of Berkshire Hathaway, succeeding his father, Warren Buffett, who has transitioned to the role of chairman emeritus. The 71-year-old farmer and philanthropist has served on the company board for 33 years. While Howard assumes the chairmanship to preserve the company's culture, CEO Greg Abel continues to manage business operations. This leadership change follows a planned succession strategy intended to ensure the company does not stray from its established values.

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  • ✓ Howard Buffett is the new chairman of Berkshire Hathaway.
  • ✓ Warren Buffett has stepped down as chairman and is now chairman emeritus.
  • ✓ Howard Buffett is 71 years old and has been on the board for 33 years.
  • ✓ Greg Abel remains the CEO running the business.
🛡️ Source Corroboration: 9 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Howard Buffett has been elected chairman as Warren Buffett becomes chairman emeritus.

Live updates

  1. Howard Buffett Elected Chairman of Berkshire Hathaway

    Howard Buffett is the new chairman of Berkshire Hathaway, succeeding his father, Warren Buffett, who has transitioned to the role of chairman emeritus. The 71-year-old farmer and philanthropist has served on the company board for 33 years. While Howard assumes the chairmanship to preserve the company's culture, CEO Greg Abel continues to manage business operations. This leadership change follows a planned succession strategy intended to ensure the company does not stray from its established values.

    Why it matters

    Warren Buffett led the firm for six decades before stepping down. This transition separates the board leadership from the executive management of the business.

    What is confirmed

    • Howard Buffett is the new chairman of Berkshire Hathaway.
    • Warren Buffett has stepped down as chairman and is now chairman emeritus.
    • Howard Buffett is 71 years old and has been on the board for 33 years.
    • Greg Abel remains the CEO running the business.

    Still unconfirmed

    • Howard Buffett is a former sheriff and war photographer.
    • Howard Buffett previously chose farming over a career on Wall Street.

    What to watch next

    • Details on Howard Buffett's specific board initiatives to preserve company culture
    • Any changes to Greg Abel's operational authority under the new chairman
    Sources used for this update (11)
    1. The New York Times — Warren Buffett Steps Down as Berkshire Chairman and Names Son to Replace Him
    2. The New York Times — Meet Howard Buffett, the New Chairman of Berkshire Hathaway
    3. Fortune — Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman
    4. WSJ — A New Buffett Takes On the Task of Preserving Berkshire Hathaway’s Culture
    5. CNBC — Buffett takes next step in plan to keep Berkshire from straying
    6. The New York Times — The A.I. Industry’s New Worry: ‘Liability Exposure’
    7. Bloomberg.com — The New Buffett Chairing Berkshire’s Board Knows the Firm Well
    8. www.peoplematters.in — End of an era: Warren Buffett steps down as Berkshire Hathaway chairman
    9. www.morningstar.com.au — Berkshire Hathaway: Warren Buffett takes another step back; Howard Buffett elected Chairman
    10. www.indulgexpress.com — Warren Buffett’s son Howard once chose the farm over Wall Street. Today, he chairs Berkshire
    11. www.marketscreener.com — Berkshire Hathaway Inc. - Warren E. Buffett named Chairman Emeritus
    confidence 100%
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