Berkshire Hathaway announced Friday that Warren Buffett has been named chairman emeritus, effective immediately. Howard Buffett, a Berkshire director since 1993, succeeds his father in the role, while Susan L. Decker will continue as Lead Independent Director. Buffett will remain a member of the Board of Directors in his new capacity and will continue to offer counsel to the company, Berkshire said in a statement. Buffett stepped down as CEO on January 1st of this year, passing full operational control to Greg Abel while staying on as Chairman of the Board. Under Abel's leadership, Berkshire built a $37 billion stake in Alphabet, Google's parent company, making it a top-five holding.
Alphabet Inc Class CBerkshire built a $37 billion stake in Alphabet under Abel, making it a top-five holding.
NVIDIA Corporation
Berkshire Hathaway IncWarren Buffett named chairman emeritus with Howard Buffett succeeding him; leadership change with no clear financial driver.
