Warren Buffett steps down as Berkshire Hathaway chairman, son Howard takes over
- Warren Buffett has stepped down as Berkshire Hathaway chairman at 96, becoming chairman emeritus instead.
- His son Howard Buffett, a Berkshire director since 1993, has been elected the company’s new board chairman.
- Greg Abel remains Berkshire’s CEO, separating day-to-day management from Howard’s role as board chairman.
- Warren will remain on Berkshire’s board and continue offering advice, rather than leaving the company completely.
Source: firstpost.com
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