Warren Buffett steps down as president of Berkshire Hathaway
Warren Buffett, at age 96, stepped down this Friday (18) as chairman of Berkshire Hathaway’s board, ending more than five decades at the helm of the company. He will become chairman emeritus and will continue on the board, maintaining a role in the company’s strategic guidance. (The Wall Street Journal)
The position will be immediately assumed by his son, Howard G. Buffett, who has been on Berkshire’s board since 1993. The change is part of the company’s succession plan. (Berkshire Hathaway)
The transition marks another step in the gradual exit of the “Oracle of Omaha” from the leadership of the company that transformed from an old textile manufacturer into a conglomerate valued at around US$ 1 trillion. (The Wall Street Journal)
The CEO role had already been handed over to Greg Abel in January 2026. Buffett said he is confident about Berkshire’s future and noted that Abel exceeded his expectations as the company’s leader.
📌 The new Berkshire structure:
• 👤 Warren Buffett — chairman emeritus and director
• 👤 Howard Buffett — chairman of the board
• 👤 Greg Abel — CEO
After more than 60 years with Berkshire, Buffett leaves the company’s top formal governance position, but will remain close to the company and its shareholders.
One of the biggest transitions in the history of the U.S. market has just begun.
Warren Buffett, at age 96, stepped down this Friday (18) as chairman of Berkshire Hathaway’s board, ending more than five decades at the helm of the company. He will become chairman emeritus and will continue on the board, maintaining a role in the company’s strategic guidance. (The Wall Street Journal)
The position will be immediately assumed by his son, Howard G. Buffett, who has been on Berkshire’s board since 1993. The change is part of the company’s succession plan. (Berkshire Hathaway)
The transition marks another step in the gradual exit of the “Oracle of Omaha” from the leadership of the company that transformed from an old textile manufacturer into a conglomerate valued at around US$ 1 trillion. (The Wall Street Journal)
The CEO role had already been handed over to Greg Abel in January 2026. Buffett said he is confident about Berkshire’s future and noted that Abel exceeded his expectations as the company’s leader.
📌 The new Berkshire structure:
• 👤 Warren Buffett — chairman emeritus and director
• 👤 Howard Buffett — chairman of the board
• 👤 Greg Abel — CEO
After more than 60 years with Berkshire, Buffett leaves the company’s top formal governance position, but will remain close to the company and its shareholders.
One of the biggest transitions in the history of the U.S. market has just begun.
