Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett has stepped down as chairman of Berkshire Hathaway after over 50 years, transitioning to the role of chairman emeritus. His son, Howard Buffett, will succeed him as chairman.
Why it matters
As one of the world's most influential investors, leadership changes at Berkshire Hathaway have significant implications for global financial markets.
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.
Business Warren Buffett officially retires as Berkshire Hathaway's CEO The company said Friday that the 96 year-old Buffett will become chairman emeritus and will take on his new role immediately. His son, Howard, will become Berkshire Hathaway's new chairman. Howard Buffett has served as a Berkshire Hathaway board member since 1993.
Warren Buffett will remain a director. He had served as Berkshire Hathaway's chairman since 1970.
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