Warren Buffett steps down as chairman of Berkshire Hathaway, a post he has held since 1970

Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. Warren Buffett, after a remarkable tenure since 1965, has officially resigned as chairman of Berkshire Hathaway. Although he is stepping down, he will still contribute as a shareholder and board member, providing invaluable insights.

Buffett, will take over the chairmanship, with Susan L. Decker maintaining her position as lead independent director, showcasing the company's commitment to its long-term succession strategy. His son, Howard, will become Berkshire Hathaway's new chairman(Image credit: Nati Harnik)

Buffett is stepping down after as the company’s chairman after 56 years and will be replaced by his son. His son, Howard, will become Berkshire Hathaway’s new chairman. Howard Buffett has been on the Berkshire Hathaway board since 1993.Warren Buffett will remain a director.

He had served as Berkshire Hathaway’s chairman since 1970.Buffett stepped down as CEO of the company late last year. He was succeeded by Greg Abel.“I have served Berkshire since 1965," Buffett said in a letter to shareholders. “Sixty-plus years in, I still have the best job in the world.

That is not something many people my age can say, and I have never felt better about what comes next.”Buffett said that he is confident with Abel and his son Howard leading Berkshire Hathaway.“Greg runs the company; Howard will guard its culture and values – both worth more than anything on our balance sheet,” he said. “Think of Howard as a policy the shareholders own and hope never to claim against.”Buffett's fortune has been amassed through Berkshire Hathaway stock. It was worth more than $140 billion in July 2026.He has already given away roughly $66 billion worth of stock since 2006.

(AP) — Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. The company said Friday that the 96 year-old Buffett will become chairman emeritus and will take on his new role immediately. Howard Buffett has served as a Berkshire Hathaway board member since 1993.