Warren Buffett Steps Down as Berkshire Hathaway Chairman
Howard Buffett takes over as chairman as Greg Abel continues running Berkshire, while Warren Buffett remains on the board as chairman emeritus.
- Warren Buffett is stepping down immediately as Berkshire Hathaway’s chairman and will become chairman emeritus while remaining on the company’s board of directors.
- His son, Howard Buffett, will replace him as chairman under a long-planned succession plan.
- Greg Abel will continue serving as Berkshire Hathaway’s CEO.
- Buffett said he is confident that Abel and Howard Buffett will lead Berkshire Hathaway, describing the company as being in “excellent hands.
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Hawaii Tribune-Herald
Business TimesWarren Buffett steps down as Berkshire chair and names son to replace him
LONDON — Warren Buffett, who built one of the most successful investment firms in history and became a sage of American capitalism, is stepping down as chair of Berkshire Hathaway, the company said Friday.
Warren Buffett remains among the world's top 10 billionaires even at the age of 96. Although he has resigned as chairman of Berkshire Hathaway and handed over the reins to his son, Howard Buffett, he will remain involved as honorary chairman.
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