Warren Buffett Steps Down as Berkshire Hathaway Chairman; Son Howard Assumes Role
Warren Buffett has stepped down as chairman of Berkshire Hathaway, a position he has held since 1970. His son, Howard Buffett, will assume the chairman role, while Greg Abel continues as CEO.
Detroit, MI, September 18, 2026 —
Omaha, NE – Legendary investor Warren Buffett has stepped down from his role as chairman of Berkshire Hathaway, the multinational conglomerate he has led for over five decades. The transition marks a significant moment for the company, which Buffett has chaired since 1970.
Following Buffett’s departure from the chairman position, his son, Howard Buffett, is set to assume the role of chairman. This succession plan places a new generation of leadership at the helm of the influential company.
The company has also confirmed that Greg Abel will continue in his capacity as chief executive officer (CEO) of Berkshire Hathaway. Abel’s ongoing role as CEO, combined with Howard Buffett’s appointment as chairman, outlines the current leadership structure moving forward.
Warren Buffett’s tenure as chairman began in 1970, establishing him as one of the most enduring and influential figures in modern business and finance. His leadership at Berkshire Hathaway has been characterized by a long-term investment strategy and a unique corporate culture.
The change in chairmanship signifies a notable shift in the corporate governance of Berkshire Hathaway. While Warren Buffett is stepping down from the chairman’s role, details regarding any ongoing advisory capacity or public involvement were not provided in the initial announcement. The company’s future direction will now be guided by Howard Buffett as chairman and Greg Abel as CEO.
Story summarized from the original created by Michelle Chapman, Associated Press on www.clickondetroit.com, see more information here.
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