Warren Buffett steps down as Berkshire Hathaway chairman

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, nine months after handing the CEO reins to longtime lieutenant Greg Abel, the company said Friday.Recommended Stories list of 4 itemslist 1 of 4Why does Canada want to join the Europe-led JEF military partnership?list 2 of 4Asian Games 2026: All to know about the dates, venues and sportslist 3 of 4US voter opposition to war on Iran grows to new highs: Polllist 4 of 4UEFA, CONCACAF challenge FIFA on reserves and demand $10m payout to membersend of listHis 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.Warren Buffett is credited with transforming Berkshire from a failing textile company into a $1.1 trillion conglomerate while building an investment philosophy that influenced generations of investors and executives, making him one of the most consequential figures in the modern corporate United States.Berkshire’s ...