Buffett Steps Down as Berkshire Chairman, Son Howard Takes Over

Management
โดย GuruFocus·US·Read original
Summary · why it matters

Warren Buffett has stepped down as chairman of Berkshire Hathaway at age 96, becoming chairman emeritus and remaining on the board, while his son Howard Buffett takes over as chairman after 33 years on the board. The move completes another major piece of Berkshire's succession plan and follows Greg Abel's appointment as CEO less than a year ago, succeeding Buffett after six decades in the job. Buffett said Abel has exceeded the high expectations he had for him and has already been making Berkshire's most important decisions, and Buffett remains the company's largest shareholder. The company Buffett took control of in 1965 now spans insurance, railroads, energy, manufacturing and retail, and holds a nearly $300 billion stock portfolio with major investments in companies including Apple, Alphabet, Coca-Cola, American Express and Bank of America. Berkshire shares edged lower in premarket trading Friday.

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Buffett steps down as chairman with son Howard taking over, completing succession; shares edged lower with no clear single driver.

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