Warren Buffett Steps Down as Berkshire Chairman, Howard Buffett Appointed

Warren Buffett is stepping down from the chairman role at Berkshire Hathaway ($BRK.A · $BRK.B), and Howard Buffett has been named as his successor. The 96-year-old Buffett will remain as honorary chairman and continue serving on the board of directors. Jins10 reported that Buffett announced his resignation in a shareholder letter dated August 18, citing the company's statement. Berkshire Hathaway confirmed Howard Buffett's appointment as chairman and stated that Susan Dekker will retain her position as lead independent director. Greg Abel, CEO of Berkshire Hathaway, said in the company statement, 'The culture Warren established and the values he championed will always remain at the core of Berkshire, and Howard will be its guardian.'