Warren Buffett hands Berkshire Hathaway chairmanship to his son Howard

Berkshire Hathaway said on 18 September 2026 that Warren Buffett had become chairman emeritus, effective immediately, and that his son Howard G. Buffett, a director since 1993, was the new chairman of the board under the company’s succession plan 1.

Warren Buffett remains a director. Greg Abel, who succeeded him as chief executive at the start of 2026, said Buffett’s impact on Berkshire and its owners was “without parallel in the history of American business” 1.

The change completes a handover Buffett began when he announced in May 2025 that he would step down as chief executive at the end of that year.