🚨 JUST IN: Warren Buffett, 96, has stepped down as Berkshire Hathaway chairman.
His son, Howard Buffett, will succeed him under the company’s long-standing succession plan.
Buffett becomes Chairman Emeritus and will remain on Berkshire’s board. Susan Decker will continue as Lead Independent Director.
The move comes nine months after Greg Abel became CEO.
“Father Time always wins. He has, however, been generous with me.”