Warren Buffett is stepping down as Berkshire Hathaway CEO. It's one of several big C-suite shake-ups in 2026.

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Brooke DiPalma · Senior ReporterUpdated Sat, January 3, 2026 at 3:07 PM GMT+1 5 min readInvesting legend and Berkshire Hathaway (BRK-B) CEO Warren Buffett is handing off the reins at the conglomerate he founded on Jan. 1, 2026.The Oracle of Omaha is far from the only big-name executive moving away from the top spot next year, with the retail industry seeing a raft of notable shakeups at some of America's most recognizable brands.At Walmart (WMT), Target (TGT), and Lululemon (LULU), among other consumer names, CEOs who have served for years are stepping down and making way for new executives.“The skill set required for the future is not the same as the past,” TD Cowen analyst Oliver Chen told Yahoo Finance.In particular for retail, Chen added that there’s a growing need for supply chain expertise in light of President Trump’s tariffs, as well as a pulse on technology as Amazon and TikTok continue to change consumers' habits.“Retail is harder than ever; it is a fiercely competitive sector," Chen said.Walmart CEO Doug McMillon announced in November that he will retire on Jan. 31, 2026.Outgoing Walmart CEO Doug McMillon speaks before the opening bell at the Nasdaq Marketsite on December 09, 2025 in New York City. (Photo by Michael M. Santiago/Getty Images) · Michael M. Santiago via Getty ImagesMcMillon has led the retail giant since Feb. 1, 2014. The company has reported more than four straight years of same-store sales growth.Walmart's market cap has risen from around $250 billion when McMillon took over to north of $800 billion today. Walmart's current US CEO, John Furner, will be the company's next CEO.Target CEO Brian Cornell, who has served at the helm of the retailer for 11 years, will also retire on Feb. 1, 2026.Cornell's tenure has seen Target face more challenges than its larger rival, with flagging sales over the last several years resulting in sweeping executive changes at the company.COO Michael Fiddelke, who has been with the company since 2003, will take over for Cornell, but he's already started reshaping the retailer.In a memo in October, Fiddelke outlined Target's three key priorities: strengthening its retail leadership in style and design, the guest experience, and technology. That was alongside plans to eliminate 8% of corporate roles in the US. Analysts called the layoffs a necessary step in the turnaround attempt.The pressure, though, is piling on Fiddelke even prior to his ascension: Activist investor Toms Capital Investment Management acquired a stake in the company last week.Michael Fiddelke speaks as Target opens "Target SoHo" - a design-forward shoppable concept store in SoHo, New York on December 08, 2025 in New York City. (Photo by Bryan Bedder/Getty Images for Target) · Bryan Bedder via Getty ImagesAthleisure retailer Lululemon is also getting a new CEO in 2026. Who will take over at the top of the company remains to be seen.CEO Calvin McDonald joined the company in August of 2018, expanding the well-known yoga brand to other categories like running shoes and a more recent collaboration with the NFL.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 89,947.53 +707.58 (+0.79%)ETH-USD Ethereum USD 3,101.58 +53.38 (+1.75%)XRP-USD XRP USD 2.01 +0.11 (+5.69%)PLTR Palantir Technologies Inc. 167.86 -9.89 (-5.56%)CL=F Crude Oil Feb 26 57.32 -0.10 (-0.17%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events