Grab EXTRA 10% OFF all Tangem products. Till Oct 25Warren Buffett steps down as Berkshire Hathaway chairman
6.6 Investments Warren Buffett steps down as Berkshire Hathaway chairman after nearly 60 years. His son Howard takes over, with Greg Abel as CEO. The transition ushers in a new era for the company.
Warren Buffett has stepped down as chairman of Berkshire Hathaway after nearly six decades, becoming chairman emeritus while remaining on the board. His son, Howard Buffett, a board member since 1993, will assume the chairman role. Greg Abel, who became CEO in January 2026, continues to oversee daily operations. This leadership transition, announced in a letter to shareholders, marks the end of Buffett's legendary tenure. Under his guidance, Berkshire evolved from a struggling textile firm into a trillion-dollar conglomerate with substantial cash reserves. Recently, Berkshire increased its stake in Alphabet and acquired Taylor Morrison. Buffett's philanthropic plan involves transferring over $140 billion in shares to foundations by 2034. The new leadership is expected to shape Berkshire's investment and philanthropic strategies in the years ahead.
