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Buffett Steps Down as Berkshire Chairman, Howard Takes Over

By Drooid · Sep 18, 2026, 1:59 PM UTC · How we work

Summary

Story summary

Warren Buffett, 96, steps down as Berkshire Hathaway chairman and becomes chairman emeritus.
Buffett will stay on Berkshire’s board as a director.
Howard G. Buffett, a director since 1993, will assume the chairmanship.
Greg Abel, who became CEO in January 2026, will continue running the company.
Berkshire Hathaway’s market value exceeds $1 trillion and its cash pile is about $360 billion.

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Story summary

Warren Buffett, 96, steps down as Berkshire Hathaway chairman and becomes chairman emeritus.
Buffett will stay on Berkshire’s board as a director.
Howard G. Buffett, a director since 1993, will assume the chairmanship.
Greg Abel, who became CEO in January 2026, will continue running the company.
Berkshire Hathaway’s market value exceeds $1 trillion and its cash pile is about $360 billion.