Warren Buffett Steps Down as Chairman of Berkshire Hathaway

Warren Buffett is stepping down as chairman of Berkshire Hathaway, a company he has led for more than 60 years and which has a market capitalization exceeding $1 trillion. In a letter to investors dated October 18 (local time), Buffett announced the news, stating he will remain on the board to continue providing leadership and advice. Howard Buffett, who has served as a director since 1993, immediately assumed the chairman role upon his father's departure.