Berkshire Hathaway Names Howard Buffett as New Chairman
Berkshire Hathaway has announced that Warren Buffett will step down as chairman to become chairman emeritus, with his son Howard Buffett taking over the role. This transition follows Greg Abel's appointment as CEO in January and marks a significant shift after Warren Buffett led the company for nearly six decades. The change does not alter Berkshire’s capital allocation strategy or its buyback policy significantly. However, it introduces a new dynamic: going forward, any stock repurchase decisions will require consultation between CEO Greg Abel and Howard Buffett rather than Warren Buffett as previously arranged. The board has reaffirmed the company's commitment to buying back shares when they trade below estimated intrinsic value. Berkshire’s buyback activity increased in 2026 after a period of no purchases, with over $4.5 billion spent on repurchases in Q2 alone. As of now, Class B shares are trading around $509 per share.
Topics: Berkshire Hathaway executive transition Warren Buffett