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Warren Buffett cedes the chairmanship of Berkshire Hathaway in the next step of his succession plan

Warren Buffett cedes the chairmanship of Berkshire Hathaway in the next step of his succession plan

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September 18th, 2026

Warren Buffett cedes the chairmanship of Berkshire Hathaway in the next step of his succession plan

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Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

🇺🇸 English

Warren Buffett will step down as chairman of Berkshire Hathaway in the next stage of the leadership transition at the trillion-dollar conglomerate he has led for more than six decades.

Warren Buffett dejará la presidencia de Berkshire Hathaway en el siguiente paso de la transición en la cúpula del conglomerado de 1 billón de dólares que lideró durante más de seis décadas.

Buffett, who is 96 years old, will move into the role of chairman emeritus and will take on his new position with immediate effect, according to a company announcement on Friday.

Buffett, de 96 años, pasará a ocupar el cargo de presidente emérito y asumirá su nuevo rol de manera inmediata, según informó la compañía el viernes.

His eldest son, Howard, will become the new chairman of Berkshire Hathaway, as part of a long-planned succession.

Su hijo mayor, Howard, se convertirá en el nuevo presidente de Berkshire Hathaway, en el marco de una sucesión planificada desde hace largo tiempo.

Howard Buffett has been a member of the Berkshire Hathaway board since 1993.

Howard Buffett ha formado parte del consejo de Berkshire Hathaway desde 1993.

Warren Buffett, whom a legion of financial market followers know as the Oracle of Omaha, will remain a director.

Warren Buffett, a quien una legión de seguidores del mercado financiero conoce como el Oráculo de Omaha, seguirá siendo director.

He had been chairman of Berkshire Hathaway since 1970, but he took control of the struggling New England textile company in 1965.

Había sido presidente de Berkshire Hathaway desde 1970, pero tomó el control de la atribulada empresa textil de Nueva Inglaterra en 1965.

Greg Abel took over Buffett's role as CEO of the trillion-dollar conglomerate earlier this year, although Buffett continued to go to the office daily to seek out new investments and deals and to offer Abel any advice.

Greg Abel asumió el cargo de Buffett como CEO del conglomerado de 1 billón de dólares a principios de este año, si bien Buffett siguió acudiendo a la oficina a diario para buscar nuevas inversiones y acuerdos y brindarle a Abel cualquier consejo.

It is unclear whether Buffett will change his routine now.

No está claro si Buffett modificará su rutina ahora.

"I have served Berkshire since 1965," Buffett declared in a letter addressed to the shareholders.

"He servido a Berkshire desde 1965", declaró Buffett en una misiva dirigida a los accionistas.

"More than sixty years later, I continue to do the best job in the world.

"Más de sesenta años después, continúo desempeñando el mejor trabajo del mundo.

That is not something many people my age can claim, and I have never felt better about what is to come."

Eso no es algo que muchas personas de mi edad puedan afirmar, y jamás me he sentido mejor respecto a lo que está por venir".

The investor Adam Mead, author of "The Complete Financial History of Berkshire Hathaway," noted that Buffett appears to be seeking to mitigate the impact on Berkshire when he eventually passes away by taking this step now.

El inversionista Adam Mead, autor de "La historia financiera completa de Berkshire Hathaway", señaló que Buffett pareciera estar procurando mitigar el impacto sobre Berkshire cuando finalmente fallezca al dar este paso ahora.

Berkshire's announcement did not disclose any health problem on Buffett's part, but Mead stated: "He is now 96 years old, so even a cold could amount to a health scare."

El anuncio de Berkshire no reveló ningún problema de salud de Buffett, pero Mead afirmó: "Ahora tiene 96 años, por lo que incluso un resfriado podría constituir un susto de salud".

Buffett stated that he places his trust in Abel and in his son Howard to lead Berkshire Hathaway.

Buffett manifestó que deposita su confianza en Abel y en su hijo Howard para que lideren Berkshire Hathaway.

"Greg runs the company; Howard will protect its culture and its values, which are worth more than anything else on our balance sheet," he said.

"Greg dirige la compañía; Howard protegerá su cultura y sus valores, que valen más que cualquier otra cosa en nuestro balance general", dijo.

"Think of Howard as an insurance policy that the shareholders hold and hope they will never have to claim."

"Piensen en Howard como una póliza que los accionistas poseen y esperan no tener que reclamar jamás".

In 2018, Abel took over the management of all of Berkshire's businesses outside the insurance sector, the year he was promoted to vice chairman, which has allowed him to gain an in-depth understanding of the conglomerate's various companies, including the BNSF railroad, the utility and manufacturing operations, as well as well-known brands such as Dairy Queen and See's Candy.

Abel asumió en 2018 la gestión de todos los negocios de Berkshire ajenos al sector asegurador, año en que fue ascendido a vicepresidente, lo que le ha permitido conocer a fondo las diversas empresas del conglomerado, entre ellas el ferrocarril BNSF, las operaciones de servicios públicos y manufactura, así como marcas reconocidas como Dairy Queen y See's Candy.

Nevertheless, Cathy Seifert, an analyst at CFRA Research, noted that investors are still wondering whether Abel will be able to deploy Berkshire's enormous cash pile, valued at 365 billion dollars, successfully.

No obstante, Cathy Seifert, analista de CFRA Research, señaló que los inversionistas aún se preguntan si Abel será capaz de desplegar con acierto la enorme pila de efectivo de Berkshire, valorada en 365 mil millones de dólares.

A premium was granted to Berkshire's shares on account of its solid financial strengths and of this renowned investor who allocated capital.

Se concedió una prima a las acciones de Berkshire en virtud de sus sólidas fortalezas financieras y de este célebre inversionista que asignaba capital.

I consider it naive to assume that this is business as usual.

Considero que es ingenuo suponer que esto se trata de un negocio como siempre.

It is not," said Seifert.

No lo es", dijo Seifert.

"What this does is amplify some of the execution risk in the strategy and the importance of the transition."

"Lo que esto hace es amplificar parte del riesgo de ejecución en la estrategia y la importancia de la transición".

Michael Withers, a professor of management at the University of Notre Dame's Mendoza College of Business, said that Buffett took a deliberate approach to Berkshire Hathaway's succession plans and has carried out the transition step by step.

Michael Withers, profesor de gestión en la Mendoza College of Business de la Universidad de Notre Dame, dijo que Buffett adoptó un enfoque deliberado para los planes de sucesión de Berkshire Hathaway y ha llevado a cabo la transición paso a paso.

"Buffett seems to have understood that his succession was not just about finding another extraordinary leader," he said.

"Buffett parece haber comprendido que su sucesión no se trataba solo de encontrar otro líder extraordinario", dijo.

"It was about building a structure that could preserve what makes Berkshire different long after he is gone.

"Se trataba de construir una estructura que pudiera preservar lo que hace diferente a Berkshire mucho después de que él se haya ido.

The test in the future will be whether Abel and Howard can honor that legacy while still giving Berkshire room to adapt to a market that looks very different from the one Buffett dominated."

La prueba en el futuro será si Abel y Howard pueden honrar ese legado mientras aún le dan a Berkshire espacio para adaptarse a un mercado que se ve muy diferente al que Buffett dominó".

Buffett's fortune has been built up through Berkshire Hathaway shares.

La fortuna de Buffett se ha ido acumulando mediante las acciones de Berkshire Hathaway.

Buffett transformed the company into an investment conglomerate and a true Wall Street icon, acquiring insurance companies and reinvesting the capital from premiums into stocks and other businesses.

Buffett transformó la compañía en un conglomerado de inversiones y en un auténtico ícono de Wall Street, adquiriendo compañías de seguros y reinvirtiendo el capital de las primas en acciones y otras empresas.

In 2024, Berkshire Hathaway became the first non-technology company to surpass a valuation of 1 trillion dollars.

En 2024, Berkshire Hathaway se erigió como la primera compañía no tecnológica en superar la valoración de 1 billón de dólares.

Buffett, a long-time philanthropist, has donated approximately 66 billion dollars in shares since 2006, and most of it went to the foundation of his friend Bill Gates.

Buffett, filántropo de larga data, ha regalado aproximadamente 66.000 millones de dólares en acciones desde 2006, y la mayor parte fue para la fundación de su amigo Bill Gates.

But this summer he announced that his three children will now take on all charitable decisions and distribute the rest of his fortune before the end of 2034.

Pero este verano anunció que sus tres hijos ahora asumirán todas las decisiones caritativas y distribuirán el resto de su fortuna antes de fines de 2034.

Buffett's approach to finance has generated a gravitational pull of its own.

La visión de Buffett sobre las finanzas ha creado su propia atracción gravitacional.

When Berkshire Hathaway discloses the stocks the company has bought or sold in public filings, it can shake the markets.

Cuando Berkshire Hathaway revela las acciones que la compañía ha adquirido o vendido en divulgaciones públicas, puede sacudir los mercados.

During his time as CEO of Berkshire Hathaway, the company nearly doubled the returns of the S&P 500, with a compound annual growth rate of 19.9% compared to the index's gain of 10.4%.

Durante su tiempo como CEO de Berkshire Hathaway, la compañía casi duplicó los rendimientos del S&P 500, con una tasa de crecimiento anual compuesta del 19.9% en comparación con la ganancia del 10.4% del índice.

"Warren's impact on Berkshire and its owners is unparalleled in the history of American business," Abel said in a prepared statement.

«El impacto de Warren en Berkshire y en sus propietarios no tiene parangón en la historia de los negocios estadounidenses», dijo Abel en un comunicado preparado.

"The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be its guardian."

«La cultura que Warren construyó y los valores que defendió permanecerán en el corazón de Berkshire, y Howard será su guardián».

Berkshire Hathaway shares recorded a slight decline on Friday morning.

Las acciones de Berkshire Hathaway registraron un leve retroceso en la mañana del viernes.

September 18th, 2026

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