Warren Buffett Steps Down as Chairman of Berkshire Hathaway

Omaha, NE, September 21, 2026—Warren Buffett, 96, has stepped down from his role as chairman of Berkshire Hathaway. 

His son Howard will assume the position. 

Buffett became CEO and chairman of Berkshire Hathaway in 1970 and stepped down as CEO earlier this year, succeeded by Greg Abel.

Berkshire’s portfolio includes several businesses with strong ties to the home furnishings and building products sectors. Among them is Shaw Industries, which Berkshire acquired through a majority purchase in 2000 for $2 billion, followed by the acquisition of the remaining shares for $355 million in 2002. Berkshire also owns major home furnishings retailers Nebraska Furniture Mart and RC Willey, both of which operate as independently managed subsidiaries within the Berkshire structure.