Warren Buffett concludes his six-decade tenure as chairman of Berkshire Hathaway, handing governance to his son Howard while Greg Abel continues to lead the conglomerate's operations.
Warren Buffett steps down as chairman in a long-planned succession, with Howard Buffett as non-executive chairman and Greg Abel as CEO, but the market reaction is muted as the transition was widely anticipated.
Warren Buffett has transitioned to chairman emeritus of Berkshire Hathaway, completing a long-planned leadership shift. His son, Howard Buffett, assumes the role of non-executive chairman, while CEO Greg Abel maintains full operational control. The market reaction remains muted as the transition was widely anticipated by investors.
The company has split leadership roles: Greg Abel serves as CEO with operational control, Howard Buffett acts as non-executive chairman to oversee culture, and Warren Buffett serves as chairman emeritus.
The market response was muted, as the succession plan had been communicated well in advance and Greg Abel has been running operations since early 2026.