Warren Buffett Is No Longer Berkshire's Chairman. Here’s Why I'm Buying the Stock Anyway.

Key Points Warren Buffett has stepped down as executive chairman of Berkshire Hathaway. Buffett's son, Howard, will replace him as chairman, but won't play an active role. New CEO Greg Abel has been doing an excellent job of deploying capital. 10 stocks we like better than Berkshire Hathaway › Warren Buffett announced on Friday that he is stepping down as Executive Chairman of Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB) , effective immediately. Buffett had already passed the CEO torch to Greg Abel at the end of last year, but had remained active through the chairman role, playing a major role in Berkshire's investment decisions this year.