Warren Buffett Steps Down as Berkshire Hathaway Chairman
Warren Buffett, the long-time chairman of Berkshire Hathaway (BRK.B), has announced his decision to step down from the role after more than six decades at the helm. He will transition to a new position as chairman emeritus and remain on the board while his son Howard takes over as chairman. The move follows Greg Abel's appointment as CEO earlier in 2026, though Buffett had continued to play an active role since then. Buffett’s leadership has delivered strong returns for shareholders, with a compounded annual return of nearly double that of the S&P 500 index. His departure marks a significant shift at one of America's most iconic investment firms and raises questions about how Berkshire will evolve under new leadership in the coming years.
