INSIGHT · US
Warren Buffett steps down as Berkshire Hathaway chairman; son Howard assumes role
Warren Buffett, 96, transitioned from chairman to chairman emeritus of Berkshire Hathaway, effective Sept. 18. His son Howard Buffett becomes chair; Warren remains a board member. The move formalizes succession at one of the world's largest insurers and asset managers.
WHY IT MATTERS
Berkshire's investment thesis and capital allocation strategy may shift; BFSI investors and counterparties should reassess concentration risk and leverage policy under new leadership.
Source: PYMNTS · 2026-09-18