Warren Buffett steps down as Berkshire Hathaway chair, becomes chairman emeritus
Berkshire Hathaway announced that Warren Buffett, 96, has relinquished the chairmanship and will serve as chairman emeritus while remaining on the board. His son, Howard Buffett, is slated to join the board as part of the succession plan. Greg Abel, who took over chief executive duties earlier this year, continues to run day‑to‑day operations. The conglomerate’s portfolio includes businesses such as Geico, BNSF railroad, Berkshire Hathaway Energy, Dairy Queen, Fruit of the Loom and Squishmallows.
How this was covered
- Coverage peaked at 21 outlets in a single hour
Why it matters
The transition ends Buffett’s six‑decade tenure and signals a new generation’s stewardship of a trillion‑dollar conglomerate, affecting investors and corporate governance.
How this story developed
- Sep 18 Warren Buffett steps down as Berkshire chair, assumes chairman emeritus role
- Sep 18 Howard Buffett joins the Berkshire Hathaway board.
Related stories
3 in this thread