Warren Buffett steps down as Berkshire Hathaway chairman
Direct Source Verification:
This story is aggregated from ABC News (abcnews.go.com). Full reporting rights and copyright belong to the primary publisher.
OMAHA, Neb. -- Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.
OMAHA, Neb. -- Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years.
The company said Friday that the 96 year-old Buffett will become chairman emeritus and will take on his new role immediately. His son, Howard, will become Berkshire Hathawayβs new chairman. Howard Buffett has served as a Berkshire Hathaway board member since 1993.
Warren Buffett will remain a director. He had served as Berkshire Hathawayβs chairman since 1970.
Buffett stepped down as CEO of the company late last year. He was succeeded by Greg Abel.
Original Source
https://abcnews.com/Business/wireStory/warren-buffett-steps-berkshire-hathaway-chairman-136552773
