GoKawiilWarren Buffett steps down as Berkshire Hathaway chairman, becomes chairman emeritus
Warren Buffett, 96, announced in a shareholder letter that he is immediately stepping down as chairman of Berkshire Hathaway's board, taking on the title of chairman emeritus while remaining a director. His son Howard Buffett, a 33-year board member, will become the new chairman, working alongside CEO Greg Abel, who took over operations earlier this year.
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This marks the formal end of Buffett's 61-year leadership of a company he transformed into a trillion-dollar conglomerate, closing a defining chapter in American business history. The clear succession plan—splitting CEO and chairman duties between Abel and Howard Buffett—signals an orderly transition designed to reassure investors about Berkshire's stability post-Buffett.
- Buffett, 96, immediately steps down as Berkshire chairman, becoming chairman emeritus.
- Son Howard Buffett becomes board chairman while Greg Abel continues as CEO.
- Buffett expressed strong confidence in Berkshire's leadership transition and future.
The Essays of Warren Buffett (book) — As Buffett steps back from Berkshire's helm, this collection of his shareholder letters offers a firsthand look at the investment philosophy that built his legacy. It's a great way to understand the thinking that guided six decades of Berkshire's growth. Perfect for investors wanting timeless wisdom straight from the source.
See The Essays of Warren Buffett (book) on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: entrepreneur.com — Sherin Shibu, 2026-09-18
Published there as: “Warren Buffett Steps Down as Berkshire Chairman After 61 Years: ‘Father Time Always Wins’”
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