Warren Buffett Steps Down as Chairman of Berkshire Hathaway; Greg Abel Takes Over Leadership
On September 18, Warren Buffett stepped down from his role as chairman of Berkshire Hathaway (BRK-B), transitioning to the title of chairman emeritus. Howard Graham Buffett has been appointed as the new board chair. This follows Buffett's earlier transition out of the CEO position in January 2026 when Greg Abel took over leadership. Under Abel’s short tenure, there have already been notable shifts in Berkshire’s investment strategy, including a significant increase in Alphabet holdings and reductions in smaller positions. However, core investments such as Apple, American Express, Coca-Cola, and Moody's remain central to the portfolio due to their strong fundamentals and long-term growth potential. Abel has also demonstrated a willingness to make high-conviction bets using Berkshire’s substantial cash reserves—$365.5 billion in June 2026—which he plans to deploy strategically as opportunities arise, while maintaining Buffett's disciplined investment philosophy.
Topics: Berkshire Hathaway CEO transition Greg Abel Warren Buffett