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International Business Times UK

Clarizza Potoy

Warren Buffett Hands Over Berkshire Hathaway Chairman Role to Son Howard in Planned Succession

Warren Buffett Howard Buffett Berkshire Howard G Buffett Warren Buffet Berkshire Hathaway Greg Abel

Warren Buffett has become Berkshire Hathaway chairman emeritus as son Howard takes the chairman role and Greg Abel remains chief executive (Credit: Warren Buffet fan page Instagram)

Warren Buffett has stepped down as chairman of Berkshire Hathaway, handing the chairmanship to his son Howard Buffett as the conglomerate completes a succession plan decades in the making.

The 96-year-old investor became chairman emeritus with immediate effect on Friday, 18 September, while remaining a director of the Omaha-based company he has helped shape since 1965.

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