Orlando Daytona Beach Melbourne, FL, September 18, 2026 —

Omaha, NE – Warren Buffett, the influential investor and chairman of Berkshire Hathaway for over five decades, has stepped down from his position as chairman, effective immediately. The conglomerate announced the leadership transition on Tuesday.

Buffett, 93, will assume the role of chairman emeritus, a largely ceremonial position, continuing his association with the company he has led since 1965.

Taking over the chairmanship is Howard Buffett, Warren Buffett’s son. Howard Buffett, 70, has been a director at Berkshire Hathaway since 2002 and has held various leadership roles in philanthropic and business organizations. His appointment as chairman marks a significant leadership change at the helm of the investment holding company.

Greg Abel, who was appointed president and CEO of Berkshire Hathaway in 2021, will continue in his role as chief executive officer. Abel oversees the company’s vast array of subsidiary businesses, including those in insurance, energy, manufacturing, and retail.

The transition in leadership comes after a long tenure for Warren Buffett, during which he transformed Berkshire Hathaway from a struggling textile mill into one of the world’s largest and most valuable companies. His investment strategies and business acumen have made him a legendary figure in the financial world.

While Warren Buffett is stepping down as chairman, his son’s ascension to the role signifies a planned succession for the iconic company. The exact duties and scope of Howard Buffett’s responsibilities as chairman emeritus were not detailed in the announcement.


Story summarized from the original created by Michelle Chapman, Associated Press on www.clickorlando.com, see more information here.

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