Warren Buffett has officially stepped down as Chairman of Berkshire Hathaway Inc., effective immediately. His son, Howard Buffett, who has been a director of the company since 1993, has been appointed as his successor.
The billionaire will transition to the role of chairman emeritus and will retain his position as a member of the board of directors. This move follows a long-standing succession plan within the company.
This announcement was made on Friday, September 18, 2026. Buffett, 96, penned a letter to shareholders stating, "Father Time always wins. He has, however, been generous with me." He expressed confidence in the company's future under the new leadership.
