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Warren Buffett steps down as Berkshire Hathaway chair after 60 years, son Howard takes over.

Market News
18 Sep 2026
24/7 Wall Street
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Warren Buffett steps down as Berkshire Hathaway chair after 60 years, son Howard takes over.

Warren Buffett has transitioned to chairman emeritus of Berkshire Hathaway after leading the company for over 60 years. His son, Howard Buffett, becomes the new board chair, while Greg Abel continues as CEO, running the company’s operations. This move finalizes the succession plan as Warren Buffett, now 96, steps back from daily leadership but remains a director and shareholder. Investors will watch how Berkshire deploys its $380 billion cash reserve and the pace of share buybacks under the new leadership.

Warren Buffett's leadership transition at Berkshire Hathaway comes as the Financials sector on Pluang shows mixed performance. As of Sep 18, 2026 17:51 WIB, out of 81 priced Financials-sector US stocks, 42 rose and 36 fell. Notable movers include RIOT at USD 22.21 with a 1-day change of +1.51% and 100% sell order activity, BBVA at USD 28.42 down 1.42% with 100% buy order activity, and NMR at USD 10.11 down 1.17% with 89% sell order activity and a typical hold time of 54 days.

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