Warren Buffett Steps Down, Son Howard Named Chair
Warren Buffett stepped down as Berkshire Hathaway's chairman on Friday, ending a role he held since 1970. His son Howard will succeed him; Buffett becomes chairman emeritus and stays on the board.
- 56 years as chairman; Buffett first took the role in 1970.
- Berkshire's share price rose more than 5,500,000% during Buffett's tenure.
- The company is valued at roughly $1.2 trillion.
- Howard Buffett, 71, has served on Berkshire's board since 1993.
Why it matters: The change completes a succession that began when Buffett handed the CEO role to Greg Abel earlier this year.
- Abel now controls day-to-day operations; Howard Buffett's role is described as guardian of company culture.
How 54 sources split on this story
Center coverage, 29 sources: The center focuses on the mechanics of the transition — the immediate effective date, Howard's board tenure, and Abel's succession — with little added interpretation.
Financial Times6hHoward Buffett to succeed father Warren as Berkshire Hathaway chair
MarketWatch3hAs Warren Buffett’s reign ends, fans should sell Berkshire — and buy these stocks insteadPenPennLive5hWarren Buffett steps down as Berkshire Hathaway chairman; replacement named
USA Today4hGreatest investor ever? Warren Buffett's legacy at Berkshire HathawayWPWPXI Pittsburgh8hWarren Buffett steps down from Berkshire Hathaway, names replacementabcabc27 (WHTM)9hWarren Buffett leaving post as Berkshire Hathaway chairman after over 50 years
Associated Press9hWarren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970
Axios10hWarren Buffett steps down as Berkshire Hathaway chairman
BBC News3hWarren Buffett steps down as Berkshire chairman after six decades
Bloomberg4hThe New Buffett Chairing Berkshire’s Board Knows the Firm WellLeft coverage, 13 sources: The left emphasizes the scale of Buffett's personal legacy and his transformation of Berkshire from a small firm into a global institution over six decades.
NBC News10hWarren Buffett steps down as chairman of Berkshire Hathaway
The Independent8hWarren Buffett’s son Howard takes over as Berkshire Hathaway chairman
ABC News9hWarren Buffett steps down as Berkshire Hathaway chairman
The New York Times4hWho Is Howard Buffett, the New Berkshire Hathaway Chairman?
Al Jazeera2hWarren Buffett steps down as Berkshire Hathaway chairman
Business Insider10hWarren Buffett is stepping down as chairman of Berkshire HathawayCleCleveland.com5hWarren Buffett steps down as Berkshire Hathaway chairman; replacement named
CNN9hWarren Buffett steps down as chairman of Berkshire HathawayDKDaily Kos6hWarren Buffett steps down as Berkshire Hathaway chairman, a post held since 1970
Los Angeles Times9hWarren Buffett, 96, steps down as Berkshire Hathaway chairmanTBGThe Boston Globe9hWarren Buffett steps down as Berkshire Hathaway chairman
The Guardian8hWarren Buffett steps down as chair of Berkshire Hathaway after over 50 yearsRight coverage, 12 sources: The right highlights Buffett's own words praising Abel and Howard, framing the handoff as a carefully managed, confidence-inspiring conclusion to a deliberate succession plan.
Washington Examiner8hWarren Buffett steps down as Berkshire Hathaway chairman
The Epoch Times20hWarren Buffett Steps Down as Berkshire Chairman
Citizen Free Press7hWarren Buffett steps down as chairman of Berkshire Hathaway.
Daily Mail9hBillionaire Warren Buffett, 96, steps down as chairman of Berkshire Hathaway and names his successor, as he says: 'Father time always wins'
Just the News20hWarren Buffett steps down as chairman of Berkshire Hathaway, his son will take over the position
New York Post9hWarren Buffett stepping down as Berkshire Hathaway chairman, names his son to replace him
Newsmax9hWarren Buffett Steps Down as Berkshire Hathaway Chairman
NTD3hWarren Buffett Steps Down as Berkshire Chairman
One America News8hWarren Buffett steps down as chairman of Berkshire Hathaway, hands role to his son
The Daily Wire20hWarren Buffett Steps Down, Says ‘Father Time Always Wins’
The Washington Times9hWarren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970
Wall Street Journal9hBuffett Steps Down as BERKSHIRE Chairman...What’s next: Warren Buffett will remain a Berkshire board director and shareholder.
- Buffett's $27 billion Alphabet investment remains among Berkshire's largest holdings.
- How actively will Warren Buffett engage as chairman emeritus, given his age and recent reports of a weaker voice?
- Will Berkshire's investment strategy shift meaningfully under Abel's full control?