Buffett steps down as Berkshire chair after six decades

Key takeaways Warren Buffett has become Berkshire Hathaway's chairman emeritus but will remain on its board. His son Howard Buffett becomes non-executive chairman, while Greg Abel retains operational control as chief executive. The transition completes Berkshire's planned separation of management, governance and cultural oversight after six decades under Buffett. Warren Buffett has stepped down as chairman of Berkshire Hathaway Inc. (NYSE.BRK.B), completing the most significant leadership transition in the conglomerate's history. The 96-year-old investor becomes chairman emeritus with immediate effect and will remain a director, allowing him to continue providing advice without retaining formal control of the board.