From ABC7 New York · · 50s
Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett ends 50-year tenure as Berkshire Hathaway chairman, naming son Howard to lead
In brief
Warren Buffett ends 50-year tenure as Berkshire Hathaway chairman, naming son Howard to lead Buffett becomes chairman emeritus while son Howard takes over as chairman Originally reported by ABC7 New York.
Buffett steps down
Warren Buffett ends 50 years as Berkshire Hathaway chairman, becoming chairman emeritus immediately.
“I have served Berkshire since 1965”
Howard Buffett takes over
Howard Buffett, who joined Berkshire Hathaway's board in 1993, becomes the new chairman.
Buffett remains director
Buffett stays on Berkshire Hathaway's board as a director after stepping down as chairman.
Buffett steps down as CEO
Buffett resigned as Berkshire Hathaway's CEO in late 2026, succeeded by Greg Abel.
Buffett's fortune
Buffett's wealth, valued at over $140 billion in July 2026, has been built through Berkshire Hathaway stock.
The big picture
Buffett becomes chairman emeritus while son Howard takes over as chairman
