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Warren Buffett Steps Down as Berkshire Hathaway Chairman, Takes Title of Chairman Emeritus

By Market Flux···1 min read
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Warren Buffett announced on Friday that he is stepping down as chairman of Berkshire Hathaway, the roughly $1 trillion conglomerate he has led for more than six decades, citing the passage of time with the phrase "Father Time always wins." Buffett will assume the title of chairman emeritus.

With the change, Berkshire's post-Buffett leadership structure is now fully in place. Buffett's son Howard Buffett will take over as chairman, Greg Abel continues as chief executive officer, and Susan Decker remains as lead independent director.

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Sources

  1. businesswire.comBerkshire Hathaway Inc. News Release
  2. CNBCWarren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'
  3. WallstengineBerkshire’s post-Buffett leadership structure is now essentially in place. Warren Buffett is stepping down as chairman and becoming chairman emeritus, with his son Howard Buffett taking over as chairman. Greg Abel remains CEO, while Susan Decker continues as lead independent director.
  4. wsj.comWarren Buffett to Step Down as Berkshire Hathaway Chairman
  5. ReutersBerkshire Hathaway names Warren Buffett as chairman emeritus
  6. businessinsider.comWarren Buffett is stepping down as chairman of Berkshire Hathaway
  7. BloombergBuffett Replaced by Son Howard as Berkshire Hathaway Chairman
  8. BusinessInsiderWarren Buffett is stepping down as chairman of Berkshire Hathaway, the company said on Friday.
Show 16 more
  1. StaunovoWarren Buffett Steps Down as Berkshire Hathaway Chairman Buffett’s son Howard will assume the role of chairman, effective immediately
  2. MarketwatchWarren Buffett exits Berkshire Hathaway as his son Howard becomes chairman
  3. NasdaqBerkshire Hathaway Names Warren Buffett Chairman Emeritus
  4. SquawkCNBCWarren Buffett is stepping down as chairman of $BRK.A. His son, Howard G. Buffett, will be taking over:
  5. Be In CryptoWarren Buffett Steps Down as Berkshire Chairman. How Will Stock React?
  6. foxbusiness.comWarren Buffett steps down as chairman of Berkshire Hathaway
  7. 247wallst.comWarren Buffett Steps Down as Berkshire Hathaway Chair: ‘Father Time Always Wins'
  8. InvestingcomWARREN BUFFETT STEPS DOWN AS BERKSHIRE HATHAWAY CHAIRMAN "FATHER TIME ALWAYS WINS. HE HAS, HOWEVER, BEEN GENEROUS WITH ME" - BUFFETT
  9. WsjWarren Buffett Steps Down as Berkshire Hathaway Chairman
  10. WSJmarketsWarren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate that he led for more than six decades
  11. YahooFinanceIt's the final change of the guard at Berkshire Hathaway. Warren Buffett will step down as chairman effective immediately and move to the chairman emeritus role. His son, Howard G. Buffett, will replace him — a long-standing succession plan.
  12. Cointelegraph🔥 TODAY: Warren Buffett stepped down as chairman of the $1T Berkshire Hathaway after five decades.
  13. BarronsHow Will Berkshire Equities Be Run Without Warren Buffett?
  14. BarronsonlineHow Will Berkshire Equities Be Run Without Warren Buffett?
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  16. Yahoo FinanceBuffett's stark stock rule is hard to ignore at 5% yields