Warren Buffett Steps Down as Berkshire Hathaway Chairman

Warren Buffett has stepped down as chairman of Berkshire Hathaway after 56 years, transitioning to the role of chairman emeritus. His son, Howard Buffett, has been named the new chairman, while Greg Abel continues to serve as CEO and manage daily operations. The transition is described as a formality, as the elder Buffett has already delegated major decision-making responsibilities.