{
  "id": 8231620,
  "title": "Warren Buffett steps down as Berkshire chair, becomes chairman emeritus",
  "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chair-becomes-chairman-emeritus-8231620",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-18T11:14:41.000Z",
  "source": {
    "name": "Jerusalem Post",
    "slug": "jerusalem-post",
    "url": "https://www.jpost.com/business-and-innovation/all-news/article-909049"
  },
  "original_language": "en",
  "account": "Warren Buffett, the legendary chairman of Berkshire Hathaway, will relinquish his role as the conglomerate's chairman and assume the position of chairman emeritus, according to a statement from the company. This change took effect immediately, following Buffett's decision to step down as CEO. As stated by the 96-year-old Buffett in a letter to shareholders, \"Father Time always wins.\"\n\nUpon Buffett's retirement, his son Howard Buffett was named chairman. Berkshire Hathaway, now valued at approximately $1.03 trillion, boasts a diverse portfolio of businesses ranging from Geico car insurance to BNSF railroad, Berkshire Hathaway Energy, Dairy Queen, Fruit of the Loom, and Squishmallows plush toys.\n\nBerkshire Hathaway's chairman emeritus will retain his seat on the Board of Directors, utilizing his expertise to provide invaluable insights and perspectives. \"The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian,\" stated Greg Abel, Berkshire's new CEO.\n\nBuffett's impact extends far beyond Berkshire Hathaway, influencing generations of corporate leaders and investors through his emphasis on long-term thinking, disciplined capital allocation, and straightforward management. His annual shareholder meetings have become a vital gathering for investors seeking guidance on broader business trends. Buffett had announced his intention to step down in May 2025, surprising shareholders and analysts, despite his advanced age. This succession marked one of the most closely watched transitions in corporate America, as Buffett had been synonymous with the conglomerate for decades. Berkshire Hathaway reported stronger-than-expected financial results in August, increasing its quarterly operating profit by 16% to $12.98 billion and net income more than doubling to $25.67 billion.",
  "summary": "Howard Buffett will chair the $1 trillion conglomerate as his father remains on its board in an advisory role.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Fast Company",
        "title": "Without saying a word, Warren Buffett successor Greg Abel just taught a powerful lesson in leadership",
        "url": "https://urgent.news/2026/09/16/without-saying-a-word-warren-buffett-successor-greg-abel-just-taught",
        "published": "2026-09-16T13:48:11.000Z"
      },
      {
        "outlet": "E24 Norway",
        "title": "Warren Buffett går av som styreleder: – Tiden vinner alltid",
        "url": "https://urgent.news/2026/09/18/warren-buffett-gar-av-som-styreleder-tiden-vinner-alltid",
        "published": "2026-09-18T10:12:53.000Z"
      },
      {
        "outlet": "Business Insider",
        "title": "Warren Buffett is stepping down as chairman of Berkshire Hathaway",
        "url": "https://urgent.news/2026/09/18/warren-buffett-is-stepping-down-as-chairman-of-berkshire-hathaway",
        "published": "2026-09-18T10:22:22.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Warren Buffett steps down as Berkshire chair, becomes chairman emeritus",
        "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chair-becomes-chairman-emeritus-8248808",
        "published": "2026-09-18T10:30:00.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Berkshire Hathaway: Warren Buffett tritt als Verwaltungsratschef zurück",
        "url": "https://urgent.news/2026/09/18/berkshire-hathaway-warren-buffett-tritt-als-verwaltungsratschef-zuruck",
        "published": "2026-09-18T10:39:56.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Warren Buffett steps down as Berkshire chair, becomes chairman emeritus",
        "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chair-becomes-chairman-emeritus-8228774",
        "published": "2026-09-18T10:48:31.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Warren Buffett steps down as Berkshire chair, becomes chairman emeritus",
        "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chair-becomes-chairman-emeritus-8240092",
        "published": "2026-09-18T11:39:49.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Howard replaces his father, Warren Buffett, as Berkshire Hathaway chairman",
        "url": "https://urgent.news/2026/09/18/howard-replaces-his-father-warren-buffett-as-berkshire-hathaway",
        "published": "2026-09-18T11:50:59.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Warren Buffett steps down as Berkshire chair, becomes chairman emeritus",
        "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chair-becomes-chairman-emeritus-8239781",
        "published": "2026-09-18T11:52:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}