Howard Buffett Succeeds Father Warren Buffett as Berkshire Hathaway Chairman
Howard Buffett has replaced his father, Warren Buffett, as chairman of Berkshire Hathaway, the US$1 trillion conglomerate announced on Friday. Warren Buffett, 96, is stepping down after more than 50 years in the role and will become chairman emeritus, effective immediately. He will remain a director. Howard Buffett, who has served on the Berkshire Hathaway board since 1993, assumes the chairmanship as part of a long-planned succession. Warren Buffett had been chairman since 1970. Earlier this year, Greg Abel took over as CEO of the conglomerate, though Warren Buffett remains one of the world's most influential investors.
Key facts
- Howard Buffett replaces Warren Buffett as chairman of Berkshire Hathaway.
- Warren Buffett, 96, becomes chairman emeritus immediately.
- Warren Buffett served as chairman for more than 50 years, since 1970.
- Howard Buffett has been on the Berkshire Hathaway board since 1993.
- The succession was long-planned.
- Warren Buffett will remain a director.
- Greg Abel became CEO at the start of the year.
- Berkshire Hathaway is a US$1 trillion conglomerate.
Entities
Artists
- Warren Buffett
- Howard Buffett
- Greg Abel
- Howard G. Buffett
Institutions
- Berkshire Hathaway
Sources
- SCMP Culture —
- Quartz —