Warren Buffett steps down as Berkshire Hathaway chairman after 60 years

Management
โดย Yahoo Finance UK·US·Read original
Summary · why it matters

Warren Buffett is stepping down as chairman of Berkshire Hathaway after more than 60 years at the US investment giant. The 96-year-old, nicknamed the Oracle of Omaha, will take on an honorary role as chairman emeritus, with his son Howard replacing him as chairman, the company said. Buffett, who bought the textile firm in 1965 and transformed it into a multinational conglomerate with stakes in Apple, American Express and Coca-Cola, said in a letter to shareholders that he has served Berkshire since 1965 and still has the best job in the world. He stepped down as chief executive last year and was succeeded by Greg Abel, who continues to run the company, while Howard will guard its culture and values. Buffett's fortune, amassed through Berkshire Hathaway stock, was worth more than 140 billion US dollars, or 105 billion pounds, in July.

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Warren Buffett steps down as chairman after 60 years, with son Howard replacing him; Greg Abel continues as CEO, a leadership transition with no clear positive or negative driver.

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