Bitcoin
Warren Buffett Steps Down as Berkshire Hathaway Chairman at Age 96
Warren Buffett has stepped down as Berkshire Hathaway chairman, transitioning to chairman emeritus as Howard Buffett takes over the board.
Warren Buffett relinquished his role as chairman of Berkshire Hathaway on September 18, 2026, concluding 56 years at the head of the company's board. The 96-year-old investor will assume the title of chairman emeritus, retaining a board seat without executive authority, citing his age in his shareholder communication.
The company's leadership structure separates governance and capital allocation. Howard Buffett, a board member since 1993, becomes non-executive chairman responsible for board oversight and corporate culture. Operating control and capital allocation decisions remain with Chief Executive Officer Greg Abel, who assumed the executive leadership role in early 2026.
Under Abel, Berkshire reported a 16 percent increase in second-quarter operating earnings for 2026 to approximately $13 billion, while executing $4.8 billion in share buybacks and increasing its stake in Alphabet. Any future corporate decisions regarding asset purchases, including cryptocurrency exposure, remain under Abel's remit.
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