Warren Buffett Steps Down as Berkshire Hathaway Chairman, Son Howard Takes Over

In this article

Warren Buffett is stepping down as chairman of Berkshire Hathaway, the sprawling conglomerate worth $1 trillion that he has led since 1965. The 96-year-old legendary investor announced the move in a letter to shareholders Friday.

Buffett will become chairman emeritus, effective immediately, while remaining a director on the board, the company said in a separate announcement. His son, Howard Buffett, will replace him as chairman as dictated by a long-standing succession plan, Be