Investing legend Warren Buffett is stepping down as CEO of Berkshire Hathaway on Jan. 1, 2026. This shift is part of a broader trend in the retail industry, where CEOs at Walmart, Target, and Lululemon are also making way for new executives due to changing skill requirements and consumer habits.

Walmart CEO Doug McMillon, who has led the company since 2014, will retire on Jan. 31, 2026. His successor, John Furner, will take over as Walmart’s next CEO. Meanwhile, Target CEO Brian Cornell is also stepping down on Feb. 1, 2026, after facing challenges in sales over the past years.

Lululemon is set to get a new CEO in 2026, following the departure of Calvin McDonald. CFO Meghan Frank and chief commercial officer André Maestrini will serve as interim co-CEOs until a replacement is named. The company is facing pressure from investors, with activist investor Elliott Management pushing for a leadership change.

In 2026, there will be significant CEO shifts in other industries as well. Coca-Cola’s CEO James Quincey will step down after nine years, to be replaced by COO Henrique Braun. Procter & Gamble will see Shailesh Jejurikar take over as CEO, while PepsiCo announced new CEOs for its North America and Latin America businesses. Additionally, Intel and Apple have also experienced notable leadership changes recently.

Read more at Yahoo Finance: Warren Buffett is stepping down as Berkshire Hathaway CEO. It’s one of several big C-suite shake-ups in 2026.