Warren Buffett to Step Down as Berkshire Hathaway Chairman; Howard Buffett Named Successor
Warren Buffett is stepping down as chairman of Berkshire Hathaway, with his son Howard Buffett set to succeed him under a long-standing succession plan.
Senior Markets Correspondent
OMAHA, Neb. — Warren Buffett is stepping down as chairman of Berkshire Hathaway Inc., stating that "Father Time always wins" as the company moves to execute its long-standing succession plan, according to a report from CNBC published on Sept. 18, 2026.
Under the terms of the conglomerate's established governance plan, Buffett’s son, Howard Buffett, will succeed him as chairman of the board, Berkshire Hathaway confirmed.
Strategic Context
The leadership change activates a corporate governance plan established to ensure succession continuity at the Omaha-based conglomerate. The transition places Howard Buffett in the chairman role in accordance with the long-standing structure set by the board.
Forward Outlook
The formal transition marks the realization of Berkshire Hathaway's leadership succession framework, with Howard Buffett assuming board chairmanship as designated by the company.
Elena Vasquez
Senior Markets Correspondent
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