Warren Buffett’s departure from the chairman’s office at Berkshire Hathaway marks the next step in a transition that has been decades in the making, with CEO Greg Abel saying the culture and values built by the legendary investor will remain at the heart of the $1.1 trillion conglomerate.
“Warren’s impact on Berkshire and its owners is without parallel in the history of American business,” Abel said on behalf of the entire Berkshire Board of Directors. “The culture Warren built and the values he championed will remain at the heart of Berkshire, and Howard will be their guardian.”
