Warren E. Buffett

Money Moves

Stepped down as chairman on September 18, 2026; became chairman emeritus. Son Howard G. Buffett took the chairman role.

Greg Abel's first acquisition closed on July 24, when Berkshire finished its $8.5 billion takeover of Taylor Morrison, a homebuilder with 350 communities in 12 states. The deal, announced May 31, was Abel's first big test as CEO.

Updated Sep 18

Money Moves

Preparing to exit Berkshire's 27.5% stake in Kraft Heinz

Since the 2015 Kraft-Heinz merger, the company has been a cautionary tale: shrinking sales, falling market share, a $15 billion writedown, a stock down roughly 70%. The board approved a tax-free two-company split in September 2025. Five months later, a new CEO scrapped that plan and bet $600 million on fixing the company instead.

Updated May 31

Money Moves

Overseeing PacifiCorp wildfire liability response

Portland General Electric is buying PacifiCorp's Washington utility operations for $1.9 billion—the first major cross-state utility deal in the Pacific Northwest in decades. The deal, announced February 17, 2026, moves 140,000 customers, three power plants (805 megawatts), and 4,500 miles of transmission lines from Warren Buffett's Berkshire Hathaway to an Oregon-based utility partnering with Canadian infrastructure investors.

Updated May 29

Money Moves

Transitioning from CEO to non‑executive chairman by January 1, 2026

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10