Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett has stepped down as chairman of Berkshire Hathaway and become chairman emeritus, the company said on September 18, and he will remain on the board while his son, Howard G. Buffett, was elected chairman under the firm's succession plan. Buffett took control of Berkshire in 1965 and built it into a conglomerate with businesses in insurance, energy, railroads, manufacturing, services and retail, so the leadership change completes a formal transfer of the chair role after more than six decades. The orderly shift reduces immediate governance uncertainty and signals continuity for shareholders and global investors.
Berkshire completed an orderly chairman succession under its long-standing plan
Context
Buffett took control of Berkshire Hathaway in 1965 and led it for decades. On September 18, the company said he is now chairman emeritus and Howard G. Buffett is chairman. The board will likely follow the company's existing succession plan…
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