Berkshire Hathaway Inc. announced on September 18, 2026, that Warren E. Buffett has transitioned to Chairman Emeritus, recognizing his significant contributions to the company. He will continue to serve on the Board of Directors, offering his expertise and perspective.
In line with the company's long-standing succession strategy, the Board has elected Howard G. Buffett, who has been a Berkshire director since 1993, as the new Chairman of the Board. Susan L. Decker will retain her role as Lead Independent Director. Howard G. Buffett's role will be to safeguard Berkshire's culture and values, while Greg Abel, the Chief Executive Officer, will continue to manage the company's operations.
Warren Buffett, 96, expressed confidence in the transition, noting that Greg Abel has fully embraced his CEO responsibilities and has been making key decisions for some time. He also highlighted Howard's 33 years as a Berkshire Director, emphasizing his deep understanding and commitment to the company's shareholder-minded approach. Howard Buffett, 71, brings extensive board experience from various public and private companies, including Agro Tech and The Coca-Cola Company, and has served as Chairman and CEO of the Howard G. Buffett Foundation since 1999.
CEO Greg Abel commended Warren Buffett's unparalleled impact on Berkshire and its owners, stating that the culture and values he established will remain central to the company under Howard's guardianship. Howard G. Buffett's appointment ensures continuity in leadership and a steadfast commitment to the principles that have guided Berkshire Hathaway's success, which now boasts a market capitalization exceeding $1 trillion.
