People, Positions and Obituaries · 21 September 2026

Warren Buffett Retires as Berkshire Hathaway Chairman; Son Howard G. Buffett Appointed Successor

Exam-focused facts from the 21 September 2026 current affairs briefing.

Key facts

  • Warren Buffett stepped down as chairman of Berkshire Hathaway and became chairman emeritus, remaining on the company's board.
  • His son, Howard G. Buffett, will become chairman of Berkshire Hathaway.
  • Buffett, who turned 96 on August 30, had stepped down as chief executive at the end of last year, with Greg Abel taking over as CEO.
  • Over about six decades, Buffett built Berkshire Hathaway into a trillion-dollar conglomerate with businesses including GEICO and the Burlington Northern Santa Fe railroad, and is known as the 'Oracle of Omaha'.
  • Howard Buffett, 71, has been a director at Berkshire Hathaway for more than 30 years.

View this story in the full daily briefing

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