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[BUSINESS] · United States · 74 sources

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Berkshire Hathaway: Warren Buffett steps down as chairman

Warren Buffett, the 96-year-old chairman of Berkshire Hathaway, has announced he is stepping down from his role as chairman of the board, effective immediately. This move completes a long-planned succession process following his departure as CEO late last year.

Buffett will transition to the role of chairman emeritus while remaining a member of the board of directors. His son, Howard Buffett, has been elected as the new chairman of the board. Howard, who has served as a Berkshire director since 1993, will focus on overseeing the company’s culture and values.

Greg Abel, 64, will continue his role as Chief Executive Officer, maintaining responsibility for the conglomerate’s daily operations. Susan Decker will continue as the lead independent director.

The leadership transition separates the operational management of the company from board oversight. Under Warren Buffett’s leadership, Berkshire Hathaway grew from a struggling textile manufacturer into a global conglomerate valued at over $1 trillion, with a diverse portfolio including GEICO, BNSF Railway, and significant stakes in companies like Apple and Coca-Cola.

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Berkshire Hathaway · Greg Abel · Howard Buffett · Omaha · Susan Decker · Warren Buffett

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