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Billionaire Warren Buffett, 96, Steps Down As Berkshire Hathaway Chairman

UNITED STATES – 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.

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UNITED STATES – 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.

Buffett, 96, will become Chairman Emeritus and will take on his new role immediately, the company said Friday. His son, Howard, will become Berkshire Hathaway’s new chairman, part of a long-planned succession.

Howard buffett has been on the Berkshire Hathaway board since 1993.

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