Business
Warren Buffett steps down as Berkshire Hathaway chairman, handing role to son Howard
September 18, 2026 at 05:56 PM
Coverage
4 reports · 1 in Arabic, 3 in English · over 6 hours
Warren Buffett, 96, has stepped down as Berkshire Hathaway chairman, becoming chairman emeritus as his son Howard takes over the role, completing a long-planned succession.
- Buffett announced Friday he had stepped down as Berkshire chair, with his son Howard, a board member since 1993, succeeding as non-executive chairman.
- Buffett, who took control of Berkshire in 1965, becomes chairman emeritus and remains on the board to offer his "judgement and perspective."
- Greg Abel took over as Berkshire chief executive at the start of the year, completing the leadership transition.
- "Greg runs the company; Howard will guard its culture and values," Buffett wrote to shareholders, calling the chairmanship "the privilege of a lifetime."



