Berkshire Hathaway: Warren Buffett steps down as chairman of the board
The legendary investor is also stepping down as head of the board of directors at his company Berkshire Hathaway. His successor comes from his own family.
Warren Buffett is stepping down as Chairman of Berkshire Hathaway, the company announced on Friday. Buffett, who will be 96 years old at the end of August, had led the conglomerate with a market value of $1 trillion for more than six decades. He expressed confidence in Berkshire's future success, saying he is "safer than ever" that the company will thrive. Buffett had already handed over the CEO position to Greg Abel on January 1, 2026, after 60 years at the helm.
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