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Warren Buffett stepped down as chairman of Berkshire Hathaway, the company announced in a statement published early on Friday, having served in the role since 1970.
Howard Buffett will chair the $1 trillion conglomerate as his father remains on its board in an advisory role.
This is the second post he has resigned from in a year. At the start of 2026, he stepped aside from the role of Chief Executive Officer (CEO). Greg Abel took the mantle of the $1 trillion conglomerate from him.
Warren Buffett announced he is stepping down as chairman of Berkshire Hathaway after 60 years at the firm. Investopedia editor-in-chief Caleb Silver breaks down how Buffett has impacted the investment world.
Warren Buffett is stepping aside as Berkshire Hathaway chairman, he announced in a letter to shareholders Friday.
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years
Warren Buffett is stepping down as chairman of Berkshire Hathaway, after more than 60 years guiding the firm that turned him into a household name for millions of investors worldwide.
“Father Time always wins,” the 96-year-old, who turned Berkshire Hathaway into an investing powerhouse, said in a letter to shareholders. He will remain on the board as chairman emeritus.
