Warren Buffett steps down as Berkshire Hathaway Chairman, son Howard takes over
Buffett has moved to Chairman Emeritus role after decades at the helm of the US conglomerate
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Published: Sep 19, 2026 8:27 AM | 2 min read
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- Warren Buffett has stepped down as Chairman of Berkshire Hathaway, passing the role to his son, Howard Buffett, while transitioning to an advisory position as Chairman Emeritus.
- At 96 years old, Buffett remains on the board and will continue to provide his insights and judgment to the company.
- This change follows Buffett's earlier resignation as CEO, with Greg Abel now in that position.
- Howard Buffett, who has been on the board since 1993, takes on the non-executive chairman role, continuing the legacy of his father's influence in the investment community.
Warren Buffett has stepped down as the Chairman of Berkshire Hathaway, handing the role to his son Howard Buffett. The 96-year-old investor moves into an advisory position at the US conglomerate.
Buffett will become Chairman Emeritus and remain on Berkshire Hathaway’s board, where he will continue to offer his “judgement and perspective”, according to a letter to shareholders.
Read earlier e4m story about Warren Buffett announcing retirement as CEO
The move comes nine months after Buffett stepped down as chief executive, with Greg Abel taking over the role. Howard Buffett, who has served on Berkshire Hathaway’s board since 1993, will now assume the non-executive chairman responsibilities.
Over the decades, his annual shareholder letters and Berkshire Hathaway’s annual meetings have also made him an influential figure in the global investment community.
Born in 1930 in Omaha, Nebraska, he’s often called the "Oracle of Omaha" for his financial wisdom. Despite being one of the richest people in the world, he’s also known for his frugality, simple lifestyle, and commitment to philanthropy—he’s pledged to give away most of his wealth through the Giving Pledge, a campaign he co-founded with Bill and Melinda Gates.
Berkshire Hathaway is a massive holding company led by Buffett, known for owning a wide range of businesses outright—like GEICO, BNSF Railway, and Dairy Queen—while also holding large stock positions in companies like Apple, Bank of America, and Coca-Cola.
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