Warren Buffet steps down as chairman of Berkshire Hathaway, tell me about this news in (https://www.nbcnews.com/now/video/warren-buffet-steps-down-as-chairman-of-berkshire-hathaway-270094405884)
18-09-2026
Warren Buffett has stepped down as chairman of Berkshire Hathaway, concluding more than five decades in the role he had held since 1970.
Key details of the announcement:
New Role: Buffett will transition to the role of chairman emeritus and remain a member of Berkshire Hathaway’s board of directors.
Succession: His son, Howard G. Buffett, who has served on the company’s board since 1993, assumes the role of non-executive chairman. Buffett highlighted that Howard’s primary mandate will be to preserve and protect Berkshire’s distinctive corporate culture and values.
Executive Leadership: The move marks the final phase of Berkshire Hathaway’s long-planned succession. Greg Abel continues to run day-to-day operations as Chief Executive Officer.
Buffett’s Remarks: In a letter addressed to shareholders, the 96-year-old investor reflected on his tenure leading Berkshire since 1965, expressing complete confidence in Abel and the incoming governance structure to guide the conglomerate forward.