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September 21, 2026

Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan

  • The Oracle of Omaha's oldest son, Howard, will become the company's new chairman.
    • By JOSH FUNK and MICHELLE CHAPMAN
    AP Business Writers

    OMAHA, Neb. — Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades.

    Buffett, 96, will become chairman emeritus and will take on his new role immediately, the company said Friday. His oldest son, Howard, will become Berkshire Hathaway's new chairman, part of a long-planned succession. Howard Buffett has been on the Berkshire Hathaway board since 1993.


     
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