Howard Buffett appointed Berkshire Hathaway chair as Warren Buffett steps down

Warren Buffett will leave the chair of Berkshire Hathaway after more than five decades, and his son Howard Buffett has been named his successor. The change ends a tenure that began in the early 1970s and saw the company grow into a global investment conglomerate. Howard Buffett will assume the chairmanship later this year, taking over a role his father held for over 50 years. The announcement signals a new generation of leadership at the firm, while the Buffett family remains at its helm.