Warren Buffett exits as Berkshire chair, son to take over
Warren Buffett announced his resignation as chairman of Berkshire Hathaway, effective immediately, as part of a leadership transition. His son, Howard Buffett, will succeed him, while Warren will assume the role of chairman emeritus. This change marks the end of Buffett's 56-year tenure leading the $1 trillion conglomerate, which he transformed into a major investment firm.