Warren Buffett has officially stepped down from his position as\nChairman of Berkshire Hathaway after more than six decades of leading\nthe company. The investor, famously known as the \u201cOracle of Omaha,\u201d will\nnow hold the title of Chairman Emeritus, while the chairmanship of the\nboard of directors passes to his eldest son, Howard Buffett.<\/p>\n
Berkshire Hathaway announced the change on Friday, 18 September 2026.\nThe 96-year-old Warren Buffett will remain a member of the board of\ndirectors. Howard Buffett, 71, who has been a director at Berkshire\nsince 1993, will now serve as non-executive chairman.<\/p>\n
This transition is part of a succession process that has been\nunderway for several years. Approximately nine months prior, Buffett\nhanded over the CEO position to Greg Abel, who remains responsible for\nmanaging Berkshire Hathaway\u2019s operations.<\/p>\n
In a letter to shareholders, Buffett acknowledged that time had\neventually forced him to reduce his role in the company he has led for\ndecades. \u201cTime eventually always wins. However, time has been generous\nto me. After more than 60 years, I still have the best job in the world.\nThat is not something many people my age can say, and I have never felt\nbetter about what comes next,\u201d Buffett wrote, as quoted by VN Express on\nSaturday, 19 September 2026.<\/p>\n
Buffett transformed Berkshire from a struggling New England textile\ncompany into a conglomerate valued at approximately US$1.1 trillion. The\nvalue-based investment philosophy he implemented has influenced many\ninvestors and corporate leaders across generations.<\/p>\n
While now serving as chairman, Howard Buffett will not take on a role\nin the day-to-day management of Berkshire. His primary responsibility\nwill be to preserve the corporate culture and values established by his\nfather.<\/p>\n
Berkshire CEO Greg Abel stated that this culture will remain a vital\npart of the company. \u201cThe culture built by Warren and the values he\nfought for will remain at the core of Berkshire, and Howard will be its\nguardian,\u201d said Abel.<\/p>\n
Howard himself previously shared his views on Berkshire\u2019s culture,\nstating that the company must maintain simple principles in conducting\nits business.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/warren-buffett-steps-down-after-60-years-leading-berkshire-hathaway-son-takes-over-1789804360", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }