This article first appeared on GuruFocus. Warren Buffett (Trades, Portfolio) said he is stepping down as Berkshire Hathaway (NYSE:BRK.B) chairman, effective immediately. The 96-year-old becomes chairman emeritus and remains a director. His son Howard Buffett takes the chairmanship under a long-standing succession plan, while Susan Decker continues as lead independent director. "Father Time always wins," Buffett wrote. Berkshire Hathaway shares were unchanged. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is BRK.B fairly valued? Test your thesis with our free DCF calculator.BRK.B GF Value chart The move completes a handover already most of the way through. Greg Abel took over as CEO nine months ago with Buffett retaining the chairmanship.
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