Warren Buffett Steps Down as Berkshire Hathaway Chairman; Howard Buffett to Succeed

Warren Buffett has stepped down as chairman of Berkshire Hathaway, ending more than half a century of leadership. The 96‑year‑old announced the resignation effective immediately, but will remain on the board of directors. Berkshire’s statement said Howard Buffett, Warren’s son, will take over the chairmanship. The move follows a retirement plan Buffett revealed last year. Berkshire Hathaway, once a small textile firm, has grown into a $1 trillion‑plus conglomerate, owning businesses such as Duracell and Geico and holding significant shares in Coca‑Cola and Bank of America. The transition marks the first time the company’s top post will be held by a family member outside the Buffett name. Investors and analysts will watch how Howard’s leadership style shapes the group’s future strategy.