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Warren Buffett Steps Down as Berkshire Hathaway Chairman
Warren Buffett is no longer the chairman of Berkshire Hathaway.
He held that job for more than 50 years.
He will still stay on the company’s board as chairman emeritus.
His son, Howard, will become the new chairman.
Greg Abel is already the company’s chief executive.
Greg will run the business, while Howard is expected to help protect its culture and values.
Buffett said he feels confident about the company’s future leaders.
The change was announced on September 18, 2026.
Warren Buffett stepped down as Berkshire Hathaway chairman after holding the role since 1970.
Buffett, 96, became chairman emeritus and will remain on Berkshire Hathaway’s board.
The board elected his son, Howard G. Buffett, chairman; Howard has been a director since 1993.
Greg Abel became Berkshire Hathaway’s chief executive officer at the end of 2025 and will continue running the company.
Buffett said Abel would oversee operations while Howard protects Berkshire’s culture and values.
- Who
- Warren Buffett, Howard G. Buffett, and Greg Abel are the principal figures involved.
- What
- Warren Buffett stepped down as Berkshire Hathaway chairman, Howard G. Buffett was elected chairman, and Buffett became chairman emeritus.
- Where
- The leadership change concerns Berkshire Hathaway.
- When
- The change was announced on September 18, 2026; Buffett had served as chairman since 1970.
- Why
- The transition separates responsibilities: Greg Abel runs the company, while Howard Buffett is expected to guard its culture and values.
Key facts
- New chairman
- Howard G. Buffett
- Chairman emeritus
- Warren E. Buffett
- Warren Buffett’s board status
- He will remain a member of Berkshire Hathaway’s board.
- Chairman tenure
- Buffett served as chairman from 1970 until September 18, 2026.
- Chief executive
- Gregory Abel succeeded Buffett as CEO on December 31, 2025.
- Howard Buffett’s board tenure
- He has served as a Berkshire Hathaway director since 1993.
- Reported Berkshire market capitalization
- Approximately $980 billion as of September 17, 2026, according to one article.
- Reported Buffett fortune
- Articles put Buffett’s fortune between more than $125 billion and $145 billion, with one report citing more than $140 billion in July 2026.
Quotes
Warren Buffett
Outgoing Berkshire Hathaway chairman and former chief executive
“Greg runs the company; Howard will guard its culture and values – both worth more than anything on our balance sheet. Think of Howard as a policy the shareholders own and hope never to claim against.”
telegraphindia.com
“I have served Berkshire since 1965. Sixty-plus years in, I still have the best job in the world. That is not something many people my age can say, and I have never felt better about what comes next.”
telegraphindia.com
Sources
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