Warren Buffett Retires as Berkshire Hathaway Chairman

Warren Buffett has officially stepped down as chairman of Berkshire Hathaway after a remarkable 60-year tenure, transitioning to the role of chairman emeritus immediately. His son, Howard Buffett, will take over as chairman, following the company's established succession plan.

Susan Decker will maintain her position as lead independent director. Buffett, now 96 years old, expressed confidence in the future of Berkshire Hathaway, which he transformed from a struggling textile manufacturer into a $1 trillion conglomerate.

Greg Abel, who became the chief executive officer at the start of 2026 after Buffett stepped down as CEO, will continue to manage the company. Buffett had previously announced his intention to step down as CEO during the annual meeting in May 2025, with Abel named as his successor.

Under Buffett's leadership, Berkshire Hathaway generated $44.5 billion in operating earnings last year and delivered a 19.7% compounded annual return to shareholders.