Warren Buffett Steps Down as Berkshire's Chair — Son Howard Takes to Succeed, Greg Abel Remains CEO

Berkshire Hathaway Inc. announced that Warren Buffett has stepped down as chairman and will take on the role of chairman emeritus, effective immediately. His son, Howard Buffett, has been elected as the new chairman, while Greg Abel remains CEO and Susan Decker continues as lead independent director. This leadership change aligns with Berkshire's long-standing succession plan, with Warren Buffett still serving on the board to provide guidance.