Stories

Fri, 18 Sep 2026

Fri, 18 Sep 2026 Warren Buffett steps down after six decades at Berkshire - 'Father Time always wins'

Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.

* Warren Buffett has stepped down as chairman of Berkshire Hathaway and will remain on the board as chairman emeritus
* His son Howard, a director since 1993, has taken over as non-executive chairman
* As chairman, Howard's main duty is to guard the company's "culture and values"
* Greg Abel, who took over as CEO last year, will continue to manage day-to-day operations
* Warren Buffett will retain his role as a member of the board and offer his "judgement and perspective" in an advisory capacity.