Warren Buffet Stepping Down As Berkshire Hathaway Chair

OMAHA, Neb. (AP) — Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades.. The company said Friday that the 96-year-old Buffett will take become chairman emeritus and will take on his new role immediately. His son, Howard, will serve as Berkshire Hathaway’s new chairman as part of the company’s longstanding succession plan. Howard Buffett has served as a Berkshire Hathaway board member since 1993. Longtime Vice Chairman Greg Abel was promoted to CEO in January and has been leading the company since then.