Legendary investor Warren Buffett has announced his departure as chairman of Berkshire Hathaway after more than six decades at the helm, marking the end of an era for the conglomerate he transformed into a global investment powerhouse. While he will continue serving on the board in a reduced capacity as chairman emeritus, Buffett has handed the leadership role to his son, ensuring a family transition at the helm. The move comes as the billionaire investor reflects on his legacy while maintaining his influence within the company. Shareholders and financial markets will closely watch how this shift reshapes Berkshire’s future strategy under new leadership.
Warren Buffett announced Friday he will step down as chairman of Berkshire Hathaway, the company he has led for over 60 years. The billionaire investor, who recently turned 96, will remain on the company’s board as chairman emeritus. He named his son, Howard G. Buffett, as the next chair, effective immediately. In a letter to...
