Warren Buffett steps down as Berkshire Hathaway chairman, son Howard elected successor
Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway, effective immediately, and been named chairman emeritus while remaining on the board. His son, Howard G. Buffett, has been elected as the new chairman. Susan Decker continues as lead independent director. The transition follows Greg Abel’s assumption of the CEO role earlier this year, completing a long-planned leadership succession at the conglomerate.
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Warren Buffett steps down as chairman of Berkshire Hathaway after six decades
Warren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate he led for more than six decades. Buffett announced he will remain on the board and will continue to offer guidance and advice. The move marks a significant leadership transition at one of the world's largest and most closely watched companies. Buffett's departure from the chairman role, while retaining board membership and an advisory capacity, signals a gradual shift in governance at Berkshire Hathaway. The conglomerate, which owns major stakes in companies such as Apple, Coca-Cola, and numerous insurance and railroad businesses, has been preparing for a post-Buffett era. No specific timeline for the transition was provided in the announcement.
Read sourceWarren Buffett Steps Back as Berkshire Chairman, Son Howard Takes Over
On September 18, Berkshire Hathaway announced that Warren Buffett has been appointed Chairman Emeritus, effective immediately, while remaining on the board of directors. The board elected Howard Buffett, Warren Buffett's eldest son, as Chairman, with Susan Decker continuing as Lead Independent Director. This move completes the management succession at Berkshire, following Greg Abel's assumption of the CEO role on January 1 of this year. Abel, who had overseen non-insurance operations since 2018, was recommended by Buffett and unanimously approved by the board at the May 2025 annual shareholders' meeting. Howard Buffett, previously a director, has long been involved in agriculture, philanthropy, and environmental work as Chairman and CEO of the Howard G. Buffett Foundation. The transition marks the end of Buffett's dual role as Chairman and CEO, which he held since 1970, handing day-to-day operations and chairmanship to a new generation of management.
Read sourceWarren Buffett Steps Down as Berkshire Hathaway Chairman, Remains on Board
According to CNBC, legendary investor Warren Buffett, aged 96, announced in his annual letter to shareholders on Friday that he will step down as Chairman of Berkshire Hathaway. The company issued a statement saying Buffett will serve as honorary chairman effective immediately and will remain a member of the board. Under a long-standing succession plan, his son Howard Buffett will succeed him as Chairman, while Susan Decker will continue as Lead Independent Director. This decision comes approximately nine months after Greg Abel assumed the role of Chief Executive Officer, with Buffett retaining the Chairman position until now. In a company statement, Abel said: 'The culture Warren has built and the values he champions will always be at the core of Berkshire, and Howard will be the guardian of those values.'
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Warren Buffett Steps Down as Berkshire Hathaway Chairman, Son Howard Elected
On September 18, Berkshire Hathaway announced that Warren Buffett has stepped down from his role as chairman of the company. He has assumed the position of honorary chairman while continuing to serve as a director. Howard G. Buffett, Warren Buffett's son, has been elected as the new chairman. The announcement marks a significant leadership transition at the multinational conglomerate holding company, which is known for its diverse portfolio of businesses and investments. Warren Buffett, often referred to as the 'Oracle of Omaha,' has led Berkshire Hathaway for decades, building it into one of the world's most valuable companies. The succession plan, which places his son in the chairman role, appears to be part of a long-planned transition of leadership responsibilities.
Read sourceBerkshire Hathaway Names Warren Buffett Chairman Emeritus, Son Howard Elected Chairman
Berkshire Hathaway announced that Warren Buffett has been named Chairman Emeritus while continuing to serve as a director of the company. His son, Howard G. Buffett, has been elected as the new Chairman. The leadership transition marks a significant succession step at the conglomerate, though Warren Buffett remains involved as a director. The announcement was reported by financial news source Jin10.
Warren Buffett Announces Resignation as Chairman of Berkshire Hathaway
In a letter to shareholders on Friday, 96-year-old Warren Buffett announced that he will soon step down as chairman of Berkshire Hathaway. In a separate announcement, Berkshire stated that Buffett will immediately assume the role of honorary chairman and continue to serve as a member of the company's board of directors. Under an established long-term succession plan, his son Howard Buffett will succeed him as chairman. Susan Decker will remain as lead independent director. The report is sourced from Yicai Global and published by East Money.
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