Warren Buffett Steps Down as Chair of Berkshire Hathaway After Over Five Decades
Warren Buffett is stepping down from his role as chairman of Berkshire Hathaway, a position he has held for over five decades. Howard Buffett, Warren's son and long-planned successor, will take over the chairmanship at age 71. In a letter to shareholders, Buffett cited his advanced age—96—as the primary reason behind the transition. Buffett previously stepped down as CEO in May 2025, with Greg Abel succeeding him in that role. He has stated he will remain on the board as chair emeritus and director. Known for transforming Berkshire Hathaway from a struggling textile company into a $1 trillion conglomerate, Buffett's leadership is credited with shaping its culture and values. Berkshire owns numerous companies across various sectors and holds major stakes in tech giants like Apple, Amazon, Alphabet, Meta, and Nvidia.
Topics: Berkshire Hathaway Chairman Resignation Warren Buffett