Warren Buffett Transitions to Chairman Emeritus After Over 50 Years at Berkshire Hathaway

Warren Buffett, a legendary figure in finance, is stepping down as chairman of Berkshire Hathaway after more than 50 years. He will take on the role of chairman emeritus, while his son, Howard Buffett, steps in as the new chairman. This transition marks a significant moment in the company's history, as Buffett continues to serve as a director. Learn more about this pivotal change and its implications for Berkshire Hathaway.

By Narendra Chaudhary Sep 18, 2026, 16:41 IST

A New Chapter for Berkshire Hathaway

Warren Buffett, the iconic figure in the investment world, has announced his retirement as chairman of Berkshire Hathaway, a position he has held for over five decades. This significant change was revealed on Friday, marking a pivotal moment in the company's history. At 96 years old, Buffett will now assume the title of chairman emeritus, effective immediately. His son, Howard Buffett, who has been a member of the Berkshire Hathaway board since 1993, will take over as the new chairman. Although stepping down from the chairman role, Warren Buffett will continue to serve as a director, having led the company since 1970. Notably, he had already relinquished his position as CEO late last year.