Accessibility links Skip to main content Keyboard shortcuts for audio player Open Navigation Menu Newsletters NPR Shop Get NPR+ Close Navigation Menu Home News Expand/collapse submenu for News National World Politics Business Health Science Climate Race Culture Expand/collapse submenu for Culture Books Movies Television Pop Culture Food Art & Design Performing Arts Life Kit Gaming Music Expand/collapse submenu for Music Tiny Desk New Music Friday All Songs Considered Music Features Podcasts & Shows Expand/collapse submenu for Podcasts & Shows Daily Morning Edition Weekend Edition Saturday Weekend Edition Sunday All Things Considered Up First Here & Now NPR Politics Podcast Featured Wait Wait...Don't Tell Me! Fresh Air Wild Card with Rachel Martin It's Been a Minute Embedded Get NPR+ More Podcasts & Shows Search Newsletters NPR Shop Get NPR+ Tiny Desk New Music Friday All Songs Considered Music Features About NPR Diversity Support Careers Press Ethics Warren Buffett steps down as Berkshire Hathaway chairman Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. His son, Howard, will become Berkshire Hathaway's new chairman Business Warren Buffett steps down as Berkshire Hathaway chairman September 18, 20266:58 AM ET By
The Associated Press
FILE - Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting May 5, 2019, in Omaha, Neb. Nati Harnik/AP hide caption
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.
Business Warren Buffett officially retires as Berkshire Hathaway's CEO The company said Friday that the 96 year-old Buffett will become chairman emeritus and will take on his new role immediately. His son, Howard, will become Berkshire Hathaway's new chairman. Howard Buffett has served as a Berkshire Hathaway board member since 1993.
Warren Buffett will remain a director. He had served as Berkshire Hathaway's chairman since 1970.
Buffett stepped down as CEO of the company late last year. He was succeeded by Greg Abel.
"Warren's impact on Berkshire and its owners is without parallel in the history of American business," Abel said in a statement. "The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian."
NPR does not offer or accept money for coverage or interviews. Anyone who makes such an offer or request is not an NPR employee and does not represent NPR.
Sponsor Message
Become an NPR sponsor