Warren Buffett steps down as chair of Berkshire Hathaway after over 50 years
Warren Buffett, 96, has stepped down as chair of Berkshire Hathaway after more than five decades in the role. He will become chair emeritus and stay on the board as a director. His son, Howard Buffett, will take over as the company’s new chair, marking a leadership transition for the investment giant in a move that underscores the company's long-term stability.