{ "id": 8231692, "title": "Warren Buffett steps down as Berkshire chairman after six decades, as son takes over", "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chairman-after-six-decades-as", "topic": "business", "section": "Business", "published": "2026-09-18T11:08:35.000Z", "source": { "name": "The National UAE", "slug": "the-national-uae", "url": "https://www.thenationalnews.com/business/2026/09/18/warren-buffett-steps-down-as-berkshire-chairman-after-six-decades-as-son-takes-over/" }, "original_language": "en", "account": "Warren Buffett, the 96-year-old chairman of Berkshire Hathaway, has announced his retirement from his long-standing role in the company, marking the end of a six-decade tenure. Despite stepping down as chairman, the billionaire investor will retain his position as a director and continue to offer his \"judgment and perspective\" to the company.\n\nThe leadership transition was greeted with praise from those involved, with Buffett crediting his successor, Greg Abel, for exceeding expectations since taking over as chief executive earlier this year. Abel will continue to steer Berkshire's operations while Howard Buffett, who has served as chairman since 1993, will focus on preserving the company's culture and values.\n\nIn a letter to shareholders, Buffett expressed gratitude for the opportunity to witness Berkshire's growth and emphasized his confidence in the company's future. He described Howard Buffett as a guardian of the company's core principles, stating that the younger Buffett's stewardship of culture and values is invaluable.\n\nBerkshire Hathaway, which Buffett joined in 1965, has transformed from a struggling textile manufacturer into a global conglomerate with a diverse portfolio of businesses spanning insurance, energy, rail, manufacturing, services, and retail. The company's board commended Buffett's leadership and transitioned the role to his son, recognizing Howard as a key figure in maintaining the company's integrity and legacy.", "summary": "Warren Buffett has stepped down as chairman of Berkshire Hathaway and been named chairman emeritus with immediate effect, ending his more than six-decade tenure in the company’s top leadership role. Mr Buffett, 96, is to remain on Berkshire’s board as a director and will continue to provide his “judgment and perspective”, the US company said on Friday. His son, Howard, a Berkshire director since…", "key_points": [ "Warren Buffett retires as Berkshire Hathaway chairman after 6 decades", "Greg Abel continues as CEO, praised for exceeding expectations", "Howard Buffett focuses on preserving company culture and values" ], "editors_take": null, "illustration": null, "coverage": { "outlets": 12, "also_reported_by": [ { "outlet": "El Pais", "title": "Warren Buffett anuncia el adiós definitivo y cede la presidencia de Berkshire Hathaway", "url": "https://urgent.news/2026/09/18/warren-buffett-anuncia-el-adios-definitivo-y-cede-la-presidencia-de", "published": "2026-09-18T10:33:06.000Z" }, { "outlet": "The Indian Express", "title": "Warren Buffett steps down as Berkshire Hathaway chairman, named chairman emeritus", "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-hathaway-chairman-named", "published": "2026-09-18T10:35:46.000Z" }, { "outlet": "CityNews", "title": "Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970", "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-hathaway-chairman-a-post-he-8242930", "published": "2026-09-18T10:38:53.000Z" }, { "outlet": "Winnipeg Free Press", "title": "Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970", "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-hathaway-chairman-a-post-he", "published": "2026-09-18T10:38:53.000Z" }, { "outlet": "The Sydney Morning Herald", "title": "Warren Buffett, 96, steps down as Berkshire Hathaway chairman", "url": "https://urgent.news/2026/09/18/warren-buffett-96-steps-down-as-berkshire-hathaway-chairman", "published": "2026-09-18T10:54:41.000Z" }, { "outlet": "The Age", "title": "Warren Buffett, 96, steps down as Berkshire Hathaway chairman", "url": "https://urgent.news/2026/09/18/warren-buffett-96-steps-down-as-berkshire-hathaway-chairman-8235280", "published": "2026-09-18T10:54:41.000Z" }, { "outlet": "The Economic Times", "title": "Howard Buffett: The man taking over Berkshire chair", "url": "https://urgent.news/2026/09/18/howard-buffett-the-man-taking-over-berkshire-chair", "published": "2026-09-18T10:56:06.000Z" }, { "outlet": "CBS News", "title": "Warren Buffett stepping aside as Berkshire Hathaway chairman", "url": "https://urgent.news/2026/09/18/warren-buffett-stepping-aside-as-berkshire-hathaway-chairman", "published": "2026-09-18T11:01:00.000Z" }, { "outlet": "The National Business", "title": "Warren Buffett steps down as Berkshire chairman after six decades, as son takes over", "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-chairman-after-six-decades-as-8232245", "published": "2026-09-18T11:08:35.000Z" }, { "outlet": "Hindustan Times - World News", "title": "Warren Buffett steps down as Berkshire Hathaway chairman: Here's who will take over and what all will change", "url": "https://urgent.news/2026/09/18/warren-buffett-steps-down-as-berkshire-hathaway-chairman-heres-who", "published": "2026-09-18T11:15:54.000Z" }, { "outlet": "Global News", "title": "Warren Buffett, 96, steps down as Berkshire Hathaway chairman", "url": "https://urgent.news/2026/09/18/warren-buffett-96-steps-down-as-berkshire-hathaway-chairman-8243851", "published": "2026-09-18T12:14:55.000Z" } ] }, "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." }