Warren Buffett Steps Down as Berkshire Chairman

BBC World · world

Warren Buffett, the 96-year-old investor known as the "Oracle of Omaha," has stepped down as chairman of Berkshire Hathaway after six decades. He will move into an advisory role as chairman emeritus, remaining on the company board. His son, Howard Buffett, has taken over as chairman, tasked with guarding the firm's culture and values. This transition follows Buffett's earlier handover of the CEO role to Greg Abel.