Warren Buffett steps down as Berkshire chairman; Howard succeeds
Warren Buffett, 96, stepped down as chairman of Berkshire Hathaway (BRK-A) and became chairman emeritus. Howard Buffett, a Berkshire director since 1993, will take over as chairman, while Warren Buffett remains on the board.
Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway (BRK-A), ending more than five decades in the role and becoming chairman emeritus. His son, Howard Buffett, has been a Berkshire director since 1993 and will take over as chairman. Buffett will remain on the company's board.