Warren Buffett steps down as Berkshire Hathaway chairman after 60 years

Warren Buffett, 96, stepped down as chairman of Berkshire Hathaway on September 18, 2026, after leading the company for more than sixty years. He will keep the title of chairman emeritus and stay on the board as a director. His son Howard Buffett will take over as chairman. Howard has been a board member since 1993 and has worked as a director at several large companies. Greg Abel, 64, continues as CEO, a role he took on at the start of 2026. Buffett first announced he would leave the CEO position in May 2025. In a letter to investors, he explained the division of roles clearly: Greg runs the business, while Howard will protect its culture and values.