Warren Buffett Steps Down as Berkshire Hathaway Chairman; Son Howard Buffett Takes Over

19 September 2026National

Warren Buffett, aged 96, stepped down as chairman of Berkshire Hathaway on 18 September 2026 and became chairman emeritus, staying on the board as a director. His eldest son Howard Buffett, 71, was elected chairman; Howard has been a Berkshire director since 1993. Warren Buffett had chaired the US conglomerate, which spans insurance, rail, energy, manufacturing, retail and finance, since 1970, building it to a valuation of about USD 1 trillion. He announced in May 2025 that he would give up the chief executive's job, and Greg Abel took over as CEO at the start of 2026 and continues to run day-to-day operations.

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Berkshire Hathaway is headquartered in Omaha, Nebraska, in the United States | Warren Buffett is known as the 'Oracle of Omaha' and is associated with value investing | Chairman emeritus is an honorary title for a retired chairman who retains a formal link with the company

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