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International Business Times
International Business Times
Business

Warren Buffett To Remain As Berkshire Hathaway Board Chair

Warren Buffett Berkshire Hathaway Berkshire Greg Abel
Warren Buffett testifies before the Senate Finance Committee in Washington, DC, in 2007 (Credit: AFP)

American investor Warren Buffett, 94, will remain as chairman of Berkshire Hathaway's board of directors once he steps down as chief executive at the end of this year, the conglomerate announced Monday.

Following a vote at the Berkshire Hathaway board of directors over the weekend, Buffett will step down as chief executive of the world's 8th-largest company by market capitalization on January 1, 2026, and hand over the reins to the group's current vice-chairman, Greg Abel.

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