GoKawiilWarren Buffett steps down as Berkshire Hathaway chairman, becomes chairman emeritus
Warren Buffett, 96, announced in a shareholder letter that he is immediately stepping down as chairman of Berkshire Hathaway's board, taking on the title of chairman emeritus while remaining a director. His son Howard Buffett, a 33-year board member, will become the new chairman, working alongside CEO Greg Abel, who took over operations earlier this year.