Howard Buffett assumes Berkshire chairmanship as Warren steps to emeritus role

Berkshire Hathaway's leadership structure shifted today with Warren Buffett, 96, moving to Chairman Emeritus status and his son Howard assuming the chairman position. The transition preserves continuity by keeping Greg Abel in the chief executive role he took at the close of 2025, while Susan L. Decker continues as Lead Independent Director. Warren remains both a shareholder and board member, maintaining his voice in company affairs. The reshuffle completes a planned handoff, with Warren emphasizing his confidence in Abel's operational stewardship and Howard's capacity to safeguard Berkshire's defining principles, which he views as more valuable than any accounting asset.

1. Warren Buffett, age 96, has been named Chairman Emeritus effective immediately.
2. Howard G. Buffett, who has served as a Berkshire director since 1993, was elected Chairman of the Board.
3. Greg Abel continues as Chief Executive Officer with responsibility for company operations.
4. Susan L. Decker remains Lead Independent Director.
5. Buffett's initial assessment of Abel's potential has proven to be understated, as the CEO has surpassed these high expectations.
6. Howard Buffett will serve as guardian of the company's culture and values, described by Buffett as worth more than anything on the balance sheet.
7. Warren Buffett is remaining a shareholder and will stay on the board as a director.