Business

Warren Buffett resigns as chairman of Berkshire Hathaway

Axios · September 18, 2026Original source ↗

Warren Buffett resigns as chairman of Berkshire Hathaway

What happened

Warren Buffett has announced he will step down as chairman of Berkshire Hathaway. This follows his earlier transition of the CEO role to Greg Abel, and his son Howard will assume the chairmanship.

Why it matters

Buffett's departure marks a significant leadership change at one of America's largest conglomerates.

How this story affects people

How does this story affect you if you are a Berkshire Hathaway shareholder?

This leadership change could impact your investment as Howard Buffett takes over the chairmanship, potentially influencing the company's culture and values. As the new chairman, Howard may steer the company in a direction that aligns with his vision, which could affect future financial performance.

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