Buffett Will Step Down as Chairman of Berkshire's Board of Directors
The legendary investor stepped down from actively managing the company effective January 1, 2026
Billionaire Warren Buffett will step down as chairman of the board of directors at Berkshire Hathaway, the company announced. It released Buffett's letter to shareholders.
“Father Time always wins. However, he has been generous to me. He has given me the opportunity to see Berkshire reach a milestone at which I am more confident about the future than ever before,” Buffett wrote.
Buffett will become chairman emeritus and retain his seat on the board of directors. His son, Howard Buffett, will succeed him as chairman in accordance with a long-term succession plan, Berkshire noted. Susan Decker will continue to serve as lead independent director.
Buffett is stepping down just over nine months after taking the position, handing over the role of CEO of Berkshire to 64-year-old Greg Abel. Buffett first announced his resignation as CEO at Berkshire’s annual meeting in May 2025, which came as a surprise to those in attendance.
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