Warren Buffett Steps Down as Berkshire Hathaway Chairman After 50 Years

Warren Buffett steps down as Berkshire Hathaway chairman after 50 years, transitioning to chairman emeritus. His son Howard takes over.

Editorial Desk

September 18, 2026 One Min Read

POLICY WIRE — Omaha, United States — Warren Buffett has stepped down as chairman of Berkshire Hathaway, a role he held for over five decades. The 96-year-old billionaire will now serve as chairman emeritus, with his son Howard taking over the position as part of a carefully planned succession.

Buffett, who joined Berkshire Hathaway in 1965 and became chairman in 1970, said he remains deeply committed to the company’s values and culture. He will continue to serve as a director while Greg Abel, the current CEO, manages day-to-day operations. Buffett emphasized that Howard will be the guardian of the company’s legacy and values.

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The transition marks the end of an era for the conglomerate, which has grown into a $1 trillion enterprise under Buffett’s leadership. His long-term strategy has consistently outperformed the broader market, with Berkshire Hathaway delivering a compounded annual growth rate of 19.9% compared to the S&P 500’s 10.4% over the same period.

Reporting by Policy-Wire (PW)

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