Warren Buffett Steps Down as Chairman of Berkshire Hathaway

As a long-standing era in the investment world comes to a close, 96-year-old Warren Buffett has stepped down as chairman of the board of Berkshire Hathaway. Buffett will take on the title of Honorary Chairman, with his son Howard Buffett succeeding him.

Historic Change in the Chairmanship

Warren Buffett, a trailblazer in the investment world, has officially stepped down as chairman of the board of Berkshire Hathaway, a role he guided since 1965. In a statement released by the company, it was announced that the 96-year-old Buffett will henceforth serve as Honorary Chairman.

New Era and Distribution of Duties in Management

Following Buffett's departure from the chairmanship, his son Howard Buffett was appointed to succeed him. Howard Buffett, who becomes the new chairman of the giant conglomerate with a market value of $1.1 trillion, has been actively serving on the company's board of directors since 1993.

His Presence on the Board Will Continue

Warren Buffett, having handed over the chairmanship, will maintain his membership on the company's board of directors. The legendary figure will also continue his advisory role within Berkshire Hathaway, sharing his accumulation of knowledge and experience.

A 60-Year Leadership Story

Warren Buffett transformed Berkshire Hathaway, whose control he took over in 1965, into one of the world's largest and most closely followed investment holding companies over a period of nearly 60 years. He became known for his principles of long-term thinking and focusing on fundamental values.

CEO Transition at the Beginning of the Year

Buffett's transition process in management began at the beginning of the year, with the CEO position having been handed over to Greg Abel on January 1, 2026. With the latest change in the chairmanship, Buffett's era of active leadership in the company has officially concluded.