U.S. investment company Berkshire Hathaway announced on the 18th that famed investor Warren Buffett, who has led the company for more than 60 years, will step down from the role of chairman. Buffett will assume the title of chairman emeritus, effective the same day. Buffett is 96 years old and stepped down as chief executive at the end of last year but had remained chairman. His son Howard will take over as the next chairman.
Berkshire Hathaway IncWarren Buffett steps down as chairman, with son Howard succeeding him; a leadership change with no clear stated financial driver.
