Warren Buffett Steps Down as Berkshire Hathaway Chairman -- Update
Dow Jones2026/09/18 10:23By Gareth Vipers
Warren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate that he led for more than six decades.
Buffett announced the news Friday in a letter to investors. He will remain on the board and will continue to offer guidance and advice, he said.
His son Howard, a Berkshire director since 1993, will assume the role of chairman, effective immediately.
"Warren's impact on Berkshire and its owners is without parallel in the history of American business," Berkshire Chief Executive Officer Greg Abel said. "The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian."
Abel took over from Buffett as CEO at the start of the year.
-Updates to follow as news develops.
(END) Dow Jones Newswires
September 18, 2026 06:23 ET (10:23 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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