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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 milestone of the leadership transition at the trillion-dollar conglomerate he has led for more than six decades.

Warren Buffett depondrá la presidencia de Berkshire Hathaway en el siguiente hito de la transición en la cúpula del conglomerado valorado en 1 billón de dólares que dirigió durante más de seis décadas.

Buffett, at 96 years of age, will go on to hold the title of chairman emeritus and will take up that role with immediate effect, as the company announced on Friday.

Buffett, a sus 96 años, pasará a ostentar el cargo de presidente emérito y asumirá dicha función 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 erigirá en el nuevo presidente de Berkshire Hathaway, en el marco de una sucesión largamente planificada.

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

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

Warren Buffett, hailed by a legion of financial-market devotees under the sobriquet of the Oracle of Omaha, will continue to serve as a director.

Warren Buffett, aclamado por una legión de seguidores del mercado financiero bajo el apelativo del Oráculo de Omaha, continuará desempeñándose como director.

He had held the chairmanship of Berkshire Hathaway since 1970, although he took control of the beleaguered New England textile company in 1965.

Había ostentado la presidencia de Berkshire Hathaway desde 1970, si bien tomó el control de la atribulada empresa textil de Nueva Inglaterra en 1965.

At the beginning of this year, Greg Abel assumed the role of chief executive of the trillion-dollar conglomerate that Buffett had previously held, although the latter continued to go to the office daily in order to explore new investments and deals, as well as to offer Abel whatever advice he might require.

A comienzos del presente año, Greg Abel asumió el cargo de consejero delegado del conglomerado valorado en 1 billón de dólares que antes ocupara Buffett, si bien este último siguió acudiendo a la oficina a diario con el fin de explorar nuevas inversiones y acuerdos, así como de brindarle a Abel cualquier consejo que este pudiera menester.

It is not clear whether Buffett will change his routine from now on.

No se vislumbra con claridad si Buffett modificará su rutina a partir de ahora.

"I have served Berkshire since 1965," Buffett said in a letter to shareholders.

"He servido a Berkshire desde 1965", dijo Buffett en una carta a los accionistas.

"More than sixty years later, I still have the best job in the world.

"Más de sesenta años después, sigo teniendo el mejor trabajo del mundo.

That is not something many people my age can say, and I have never felt better about what lies ahead."

Eso no es algo que muchas personas de mi edad puedan decir, y nunca me he sentido mejor sobre lo que viene".

The investor Adam Mead, author of "The Complete Financial History of Berkshire Hathaway," maintained that Buffett would appear to be seeking to soften the impact that his eventual demise will have on Berkshire by taking this step now.

El inversionista Adam Mead, autor de "La historia financiera completa de Berkshire Hathaway", sostuvo que Buffett pareciera estar procurando atenuar el impacto que su eventual deceso tendrá sobre Berkshire 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 constitute 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 captain Berkshire Hathaway.

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

"Greg heads the company; Howard will safeguard its culture and its values, both of which are of greater importance than any other asset recorded on our balance sheet," he asserted.

"Greg capitanea la compañía; Howard salvaguardará su cultura y sus valores, ambos revisten mayor importancia que cualquier otro activo consignado en nuestro balance general", aseveró.

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

"Conciban a Howard como una póliza que los accionistas poseen y confían en no tener que reclamar jamás".

Abel took over the management of all of Berkshire's non-insurance businesses in 2018, the year he was promoted to vice chairman, and thus possesses a thorough knowledge of the various companies, among them the BNSF railroad, the utilities and manufacturing operations, as well as well-known brands such as Dairy Queen and See's Candy.

Abel asumió la gestión de la totalidad de los negocios de Berkshire ajenos al ramo asegurador en 2018, año en que fue promovido a vicepresidente, por lo que posee un conocimiento cabal de las diversas empresas, entre ellas el ferrocarril BNSF, las operaciones de servicios públicos y manufactura, así como marcas reconocidas como Dairy Queen y See's Candy.

Nevertheless, CFRA Research analyst Cathy Seifert noted that investors still harbor questions about the skill with which Abel will be able to deploy Berkshire's enormous cash pile, amounting to 365 billion dollars.

No obstante, la analista de CFRA Research, Cathy Seifert, señaló que los inversionistas aún albergan interrogantes acerca de la pericia con que Abel podrá desplegar la ingente pila de efectivo de Berkshire, ascendente a 365 mil millones de dólares.

A premium was accorded to Berkshire's shares by virtue of its robust financial fundamentals and the influence of this renowned investor devoted to capital allocation.

Se concedió una prima a las acciones de Berkshire en virtud de sus sólidos fundamentos financieros y de la influencia de este célebre inversionista dedicado a la asignación de capital.

I consider that anyone who assumed this constitutes a business like any other would be guilty of naivety.

Considero que pecaría de ingenuo quien asumiera que esto constituye un negocio como cualquier otro.

It is not," said Seifert.

No lo es", dijo Seifert.

"What this fosters is an amplification of a certain portion of the execution risk inherent to the strategy, as well as of the significance of the transition."

"Lo que esto propicia es una amplificación de cierta porción del riesgo de ejecución inherente a la estrategia, así como de la relevancia de la transición".

Michael Withers, a professor of management at the Mendoza College of Business at the University of Notre Dame, stated that Buffett had adopted a deliberate approach to Berkshire Hathaway's succession plans and had carried out the transition gradually.

Michael Withers, catedrático de gestión en la Mendoza College of Business de la Universidad de Notre Dame, manifestó que Buffett había adoptado un enfoque deliberado respecto a los planes de sucesión de Berkshire Hathaway y que había llevado a cabo la transición de manera paulatina.

"Buffett appears to have grasped that his succession amounted to far more than merely identifying another extraordinary leader," he said.

"Buffett parece haber comprendido que su sucesión no se reducía meramente a identificar a otro líder extraordinario", dijo.

"It was a matter of erecting a structure capable of preserving what sets Berkshire apart long after he has departed.

"Se trataba de erigir una estructura capaz de preservar aquello que distingue a Berkshire mucho después de que él se haya marchado.

The future test will hinge on whether Abel and Howard manage to honour that legacy while still affording Berkshire the latitude it needs to adapt to a market that looks radically different from the one Buffett dominated."

La prueba futura estribará en si Abel y Howard logran honrar ese legado sin dejar de concederle a Berkshire el margen necesario para adaptarse a un mercado que luce radicalmente distinto de aquel que Buffett dominó".

Buffett's fortune has been amassed by virtue of his Berkshire Hathaway shares.

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

Buffett transformed the company into an investment conglomerate and a Wall Street icon through the acquisition of insurance companies and the reinvestment of premium income into stocks and other businesses.

Buffett transformó la compañía en un conglomerado de inversiones y en un ícono de Wall Street mediante la adquisición de compañías de seguros y la reinversión del dinero de las primas en acciones y otras empresas.

In 2024, Berkshire Hathaway became the first non-technology company to be valued at more than 1 trillion dollars.

En 2024, Berkshire Hathaway se erigió en la primera compañía no tecnológica valorada en más de 1 billón de dólares.

Buffett, a philanthropist with a long track record, has donated approximately 66 billion dollars in shares since 2006, the bulk of which has gone to the foundation of his friend Bill Gates.

Buffett, filántropo de dilatada trayectoria, ha donado aproximadamente 66 mil millones de dólares en acciones desde 2006, correspondiendo la mayor parte a la fundación de su amigo Bill Gates.

Nevertheless, this summer he announced that his three children will henceforth assume full responsibility for all philanthropic decisions and will distribute the remainder of his fortune before the end of 2034.

No obstante, este verano anunció que sus tres hijos asumirán en lo sucesivo la totalidad de las decisiones filantrópicas y distribuirán el remanente de su patrimonio antes de que concluya 2034.

Buffett's conception of finance has engendered its own gravitational pull.

La concepción que Buffett alberga acerca de las finanzas ha engendrado su propia fuerza de atracción gravitacional.

When Berkshire Hathaway discloses the shares the company has acquired or disposed of in public filings, it is capable of jolting the markets.

Cuando Berkshire Hathaway desvela las acciones que la compañía ha adquirido o enajenado en divulgaciones públicas, es capaz de conmocionar los mercados.

Throughout his tenure at the helm of Berkshire Hathaway, the company virtually doubled the returns of the S&P 500, posting a compound annual growth rate of 19.9% as against the index's 10.4% gain.

Durante su mandato al frente de Berkshire Hathaway, la compañía prácticamente duplicó los rendimientos del S&P 500, registrando una tasa de crecimiento anual compuesta del 19.9% frente al 10.4% de ganancia del índice.

"Warren's impact on Berkshire and its owners is without parallel in the history of American business," Abel said in a prepared statement.

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

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

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

Berkshire Hathaway's shares registered 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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