Warren Buffett’s son to succeed his father as Berkshire Hathaway chair
News Source
•Fri, 18 Sep 2026 16:18:54 GMT
📰 What Happened
The Financial Times reports that Warren Buffett's son will become the next chair of Berkshire Hathaway. Howard Buffett, 71, will take over from his father. Warren Buffett, 96, announced the change in a letter to shareholders.
The elder Buffett said his age was the main reason for stepping down. He will remain chair emeritus and stay on the board. He stepped down as CEO in May 2025, and Greg Abel took that job.
Howard Buffett is a farmer and philanthropist. He has served on Berkshire's board for years. He is not expected to run day-to-day business, which stays with the CEO.
🔍 The Backstory
Warren Buffett built Berkshire Hathaway into a huge company over six decades. He has often said his son would one day protect the company's culture. Berkshire's board has long planned for this change.
The FT article sits behind a paywall, so only the headline could be read. The story matches reports from other outlets on the same day.
🎯 Why It Matters
Berkshire is one of the world's biggest companies. Many ordinary investors hold its shares, so a change in leadership matters to them.
The Financial Times reports that Warren Buffett's son will become the next chair of Berkshire Hathaway. Howard Buffett, 71, will take over from his father. Warren Buffett, 96, announced the change in a letter to shareholders.
The elder Buffett said his age was the main reason for stepping down. He will remain chair emeritus and stay on the board. He stepped down as CEO in May 2025, and Greg Abel took that job.
Howard Buffett is a farmer and philanthropist. He has served on Berkshire's board for years. He is not expected to run day-to-day business, which stays with the CEO.
Warren Buffett built Berkshire Hathaway into a huge company over six decades. He has often said his son would one day protect the company's culture. Berkshire's board has long planned for this change.
The FT article sits behind a paywall, so only the headline could be read. The story matches reports from other outlets on the same day.
Berkshire is one of the world's biggest companies. Many ordinary investors hold its shares, so a change in leadership matters to them.