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Buffett Steps Down as Berkshire Chairman After 50+ Years
18 Sep
Summary
- Warren Buffett is stepping down as Berkshire Hathaway chairman.
- He held the chairman role for over five decades.
- His son, Howard Buffett, will assume the chairman position.
Warren Buffett has concluded his tenure as chairman of Berkshire Hathaway, a role he held for over five decades. The 96-year-old investor transitioned to chairman emeritus, effective immediately. His son, Howard Buffett, a board member since 1993, has been appointed as the new chairman.
Buffett, who has been chairman since 1970, stepped down as CEO late last year, with Greg Abel succeeding him. Abel acknowledged Buffett's unparalleled impact on Berkshire and its owners, stating that the culture and values championed by Buffett will continue to guide the company under Howard's stewardship.
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