Warren Buffett steps down as Berkshire Hathaway chair
publishers 2articles 3first reported 18 Sep, 11:54 UTCdeveloping since 18 Sep · 4 editions
Warren Buffett has stepped down as chairman of Berkshire Hathaway, the conglomerate he has led for more than 60 years. The 96-year-old investor will remain on the company’s board as chair emeritus, according to The Hill. He has named his son, Howard Buffett, as the next chairman, effective immediately. This transition follows a long-standing succession plan, as noted by CNBC Top News. Buffett described the move as part of his broader strategy to ensure Berkshire remains on course, emphasizing that 'Father Time always wins.' The change marks a significant shift in leadership for the company, though Buffett will continue to play a role in its governance.
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