Warren Buffett steps down as Berkshire Hathaway chairman
Buffett's son, Howard, will succeed him in the role. Buffett had earlier stepped down as Berkshire's CEO last year.
Warren Buffett, the billionaire investor and philanthropist, has announced his decision to step down as the chairman of Berkshire Hathaway, according to a statement released Friday. The 96-year-old businessman, who has been serving in this role since 1965, expressed his gratitude to shareholders for allowing him to fulfill his position.
Buffett stated that he still finds immense joy in his work and feels optimistic about the future. This decision follows Buffett's retirement as the firm's CEO last year, with Greg Abel taking over that role. Abil will now focus on preserving Berkshire's culture and values, which Buffett believes surpass even the company's financial assets.
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