Warren Buffett Steps Down as Berkshire Hathaway Chairman at 96

Warren Buffett has stepped down as chairman of Berkshire Hathaway after holding the role since 1970. He previously ended his decades-long tenure as the company’s chief executive at the close of last year. Buffett will remain on Berkshire’s board as chairman emeritus. His son, Howard Buffett, who has served on the board since 1993, has taken over as chairman. The investor known as the “Oracle of Omaha” built Berkshire Hathaway into one of the world’s most valuable companies through value investing. In a letter to shareholders, Buffett praised CEO Greg Abel and said he was confident about the company’s future.

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